Nationwide switch 17 May 2022 at 3:42PM in Budgeting & bank accounts 16 replies 1.1K views

Skylon

I have looked at the terms but cannot find anything.  

Does anyone know how soon after benefitting from the recent Nationwide £125 switch offer you can close the account/switch again please?

I’m finding the online payments with Nationwide a bit of a pain having to verify with the card holder almost every time. 
I was thinking of trying to take advantage of the new Lloyds switch. 

Daliah

You need to confirm online purchases with ALL cards now. So that excuse won’t wash - but you don’t need an excuse or a justification to switch. You just switch. Unless there is a specific clause in the switch offer terms, you can switch again anytime you like without losing the switch bonus you have been paid.

Skylon

Not an excuse, I don’t have to do it with any HSBC card payments or transfers.  

marcia_

Skylon said:

Not an excuse, I don’t have to do it with any HSBC card payments or transfers.  

 HSBC take part in this verification. Im asked to verify through the app for everything bought online 

Skylon

marcia_ said:

Skylon said:

Not an excuse, I don’t have to do it with any HSBC card payments or transfers.  

 HSBC take part in this verification. Im asked to verify through the app for everything bought online 

That’s odd. My main account is HSBC. I don’t have a card reader,  unlike Nationwide, and have no issues making payments/transfers when I’m out. 

Daliah

Skylon said:

marcia_ said:

Skylon said:

Not an excuse, I don’t have to do it with any HSBC card payments or transfers.  

 HSBC take part in this verification. Im asked to verify through the app for everything bought online 

That’s odd. My main account is HSBC. I don’t have a card reader,  unlike Nationwide, and have no issues making payments/transfers when I’m out. 

Since June 2021, HSBC have also required an additional layer of security for online purchases. It's a legal requirement all UK banks have to comply with. https://www.hsbc.co.uk/help/card-support/confirming-online-card-purchases/

 As you now mention transfers, perhaps you mean making Online Faster Payments rather than online purchases with your debit card? I know that Nationwide still require card reader confirmation from time to time for those, even if you make online payments to existing payees. I believe you can avoid these checks if you use their app.

You also mention "when I'm out" - -  are you saying you are asked to use the card reader for purchases in shops?

Anyway, back to your original switch question - as I said earlier, unless there is a clause in the switch offer you used which requires you to keep the account for a given length of time, you can switch whenever you like.

dcs34

Apologies for bumping the old thread - but felt it was worth keeping another query about this offer in the same place.

The T&Cs of the current £100/£125 Nationwide switch offer are dated April 2022. I previously benefited from a switch offer with Nationwide in September 2021. Is the current offer the same offer as that one, as defined by clause 4 of the T&Cs? Has anyone benefited from completing switched last year, and then again this year?

WBCPB

Yes, i am on my third £125 since i received the offer in September 2021, so three in total, all sole accounts 1 x Flexdirect & 2 Flexaccounts. 

PRAISETHESUN

I didn't have any luck switching a second account into an existing Nationwide account that had already benefited from the switch offer, but I recently opened a new FlexAccount and switched into that one instead. It took a little longer than the first incentive, but they eventually paid out for a second time.

Ed-1

PRAISETHESUN said:

I didn't have any luck switching a second account into an existing Nationwide account that had already benefited from the switch offer, but I recently opened a new FlexAccount and switched into that one instead. It took a little longer than the first incentive, but they eventually paid out for a second time.

Was the first account still open at the time you opened and switched into the second?

PRAISETHESUN

Ed-1 said:

PRAISETHESUN said:

I didn't have any luck switching a second account into an existing Nationwide account that had already benefited from the switch offer, but I recently opened a new FlexAccount and switched into that one instead. It took a little longer than the first incentive, but they eventually paid out for a second time.

Was the first account still open at the time you opened and switched into the second?

Yes it was