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

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  • Fingerbobs
    Fingerbobs Posts: 1,702 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Weirdly, I don't have any 'spare' current accounts (that I can switch) at the moment. I have a Barclays account which I never use, but it doesn't have a debit card associated with it so I can't use it for a switch. My HSBC Advance account is similarly unused, but I'm reluctant to close that down since they're so fussy about opening accounts. Don't really want another credit search at the moment (potential impending mortgage application) so might have to sit this one out :-(
  • Weirdly, I don't have any 'spare' current accounts (that I can switch) at the moment. I have a Barclays account which I never use, but it doesn't have a debit card associated with it so I can't use it for a switch. My HSBC Advance account is similarly unused, but I'm reluctant to close that down since they're so fussy about opening accounts. Don't really want another credit search at the moment (potential impending mortgage application) so might have to sit this one out :-(
    Usually you don't need a debit card for the donor account. There's normally an option to specify 'no debit card' in the application.
  • Fingerbobs
    Fingerbobs Posts: 1,702 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 31 May 2024 at 9:54AM
    Weirdly, I don't have any 'spare' current accounts (that I can switch) at the moment. I have a Barclays account which I never use, but it doesn't have a debit card associated with it so I can't use it for a switch. My HSBC Advance account is similarly unused, but I'm reluctant to close that down since they're so fussy about opening accounts. Don't really want another credit search at the moment (potential impending mortgage application) so might have to sit this one out :-(
    Usually you don't need a debit card for the donor account. There's normally an option to specify 'no debit card' in the application.
    That's interesting. Can't say I've ever noticed such an option before. Whenever I've done previous CASS switches, the debit card number from the donor account has been required. 

    Edit: Just been through the motions on the Nationwide switch, and there is indeed a tickbox for "Has debit card" which you can turn off, then it doesn't ask for the debit card number. Looks like I'm back in the game! Better get some DDs set up. Thanks! 
  • I’m looking to switch to nationwide however I don’t want to switch my first direct account if I can avoid it. Does anyone happen to know how long it would take to swap over a couple of direct debits and would the DD need to have taken a payment to be classed as active? 
    Thanks
  • Looks like after all the problems I had filling in the form to switch from Halifax I finally managed to get it done via a phone call. The direct debits are now appearing in my Nationwide account and i had a text off them yesterday to advise I will receive a further text on Tuesday when the account switch completes to confirm if I am eligable for the £200 or not - no reason why I shouldn't be however!
  • Nasqueron
    Nasqueron Posts: 10,688 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    C1pher17 said:
    I’m looking to switch to nationwide however I don’t want to switch my first direct account if I can avoid it. Does anyone happen to know how long it would take to swap over a couple of direct debits and would the DD need to have taken a payment to be classed as active? 
    Thanks
    You can change the DD yourself but it'll be up to the company to amend it - a few working days is the norm 

    A DD that is active is one that has been pulled in the past in layman's terms, a DD say to an old CC that hasn't been used in 12 months might be an issue, only the bank would decide that

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • nilocmac
    nilocmac Posts: 511 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    So my OH is thinking of switching but the only link she has to Nationwide is a joint account with me.  However it says:

    Do you, or your joint account holder, have an eligible Nationwide savings account?

    The account must have been open as of 31 March 2024. The following savings accounts are excluded: business savings, investment accounts (for example, a stocks and shares ISA) and personal savings accounts or cash ISAs in the name of someone else that are being held for your benefit under a trust or similar arrangement.

    So does this mean it will not work for her (she could open a savings account and wait for next time round) ?  

    Plan B is to switch to Santander.

  • MQA
    MQA Posts: 69 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 31 May 2024 at 7:46PM
    Petriix said:
    Does anyone know how Nationwide define an "active direct debit"? Are there any specific rules about first payment dates or frequency etc? 

    I'm wondering if it's sufficient for them to have been set up and have a payment set to go before the switch date or whether I need to wait for the first payment to go out before requesting the switch. 
    '3. You’ll qualify for this offer if:
    ........' • You transfer a minimum of 2 active Direct Debits from the current account being switched to the Nationwide account as part of the switch. Direct Debits set up or transferred after your switch has been started won’t count towards this offer. Other types of automated payments, such as standing orders and recurring card payments, are not Direct Debits and won’t count towards this.''
    Source:

    I hope this helps?
  • Poquito
    Poquito Posts: 82 Forumite
    Third Anniversary 10 Posts Name Dropper
    FIREmenow said:
    Thanks @Poquito

    I'll have a look at opening the basic account, or switching into my joint account. Less faff if the interest is unlikely.
    Definitely didn’t work. No interest showing on ‘new’ Flexdirect! 😊
  • paddyposh
    paddyposh Posts: 524 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 1 June 2024 at 8:49AM
    I have the switch iOS app and it says about setting up the £1 adds on switchtracker site. Will that suffice doing 2 of those for the DDs? 

    Also the savings account I have had one when it said, anything about it needing money in? As it’s empty 

    another question - if I’m setting up 2x £1 DDs do I need to wait until a payment is taken first ? Or just until they are showing on my account but prior to a first payment being taken?
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