Nationwide £200 switch offer 23/5/24-4/7/24

WillPS

MABLE said:

I do not understand that they gave me the £200 incentive but when i asked about the 5% interest on the flex account they said because I had a flex account previously I did not qualify because in August 2021 I had an incentive then and because I closed my account in January 2024 I do not get the enhanced interest rate.

Simple - they rigidly enforce the '1 FlexDirect bonus interest period per lifetime', and as such have to check details relating to accounts no longer held, while the switch bonus is less strictly enforced.

You've benefitted to the tune of £200 from a payout you weren't strictly eligible for. This is a good thing (for you!), surely?

sheffieldeagle

WillPS said:

MABLE said:

I do not understand that they gave me the £200 incentive but when i asked about the 5% interest on the flex account they said because I had a flex account previously I did not qualify because in August 2021 I had an incentive then and because I closed my account in January 2024 I do not get the enhanced interest rate.

Simple - they rigidly enforce the '1 FlexDirect bonus interest period per lifetime', and as such have to check details relating to accounts no longer held, while the switch bonus is less strictly enforced.

You've benefitted to the tune of £200 from a payout you weren't strictly eligible for. This is a good thing (for you!), surely?

Fingers crossed I'm as lucky!

rider22

i have initiated the switch today but i have chosen switch completion date as 16th july as im waiting for direct debits to take into effect but now as the switch offer ending on 4th july will i be able to claim the switching bonus ? 

PRAISETHESUN

I think you'll be fine, the requirement is to request a switch before the offer is withdrawn and met all the other terms. I'd be very surprised if they failed to honour it otherwise you would need to have requested the switch like 2 weeks ago to have it complete in time.

steven141

According to this site, the offer ends today https://becleverwithyourcash.com/the-best-bank-switching-cashback-interest-offers/?_gl=1*1l2xxcw*_up*MQ..*_ga*OTE1MTQwMTQ2LjE3MjAwNzcxNTI.*_ga_H5TGRS9T09*MTcyMDA3NzE1MS4xLjEuMTcyMDA3NzE1Ny4wLjAuMA..*_ga_JTY5ER7WF3*MTcyMDA3NzE1MS4xLjEuMTcyMDA3NzE1Ny4wLjAuMA..#Nationwide_200_switching_offer

WillPS

No need to trust a third party via a tracking link, as Nationwide themselves confirm it here: https://www.nationwide.co.uk/current-accounts/switch/

"Offer ends 4 July 2024. We may change, replace or withdraw this offer at any time, and you cannot be subject to any of the exclusions in the terms"

sheffieldeagle

sheffieldeagle said:

WillPS said:

MABLE said:

I do not understand that they gave me the £200 incentive but when i asked about the 5% interest on the flex account they said because I had a flex account previously I did not qualify because in August 2021 I had an incentive then and because I closed my account in January 2024 I do not get the enhanced interest rate.

Simple - they rigidly enforce the '1 FlexDirect bonus interest period per lifetime', and as such have to check details relating to accounts no longer held, while the switch bonus is less strictly enforced.

You've benefitted to the tune of £200 from a payout you weren't strictly eligible for. This is a good thing (for you!), surely?

Fingers crossed I'm as lucky!

Result £200 just landed in my account.

Cheers Mable 

VXman

How long between switch completion and receiving the £200 ? The switch happened on 4th July. It's now 9th. Am I being impatient or is something not right?

sheffieldeagle

Probably a little more patience. Only 3 working days.

VXman

sheffieldeagle said:

Probably a little more patience. Only 3 working days.

Ah yes - just found this online ' We will credit the payment to the current account that you switched into within 10 calendar days of the full switch completing'