£175 Nationwide Switch Incentive, starting 25/09/2024

tomxlisa

Very good points I did think that afterwards that they must make money from these switches one way or another if it’s not from me it’ll be someone else, and like you say there profits are huge too, I do kinda like nationwide though love how simple the banking app is doesn’t seem overly complicated at all so I might keep it and switch another bank instead, decisions, decision. 

goatfaced

Do you have a chase account? Maybe use an extra chase account for your next switch, and keep this nationwide one open. I've kept my Lloyds open for more than a year because they give the lifestyle benefit every 12 months. It's good for me because the tickets include my odeon which is usually excluded from freebies. 

tomxlisa

goatfaced said:

Do you have a chase account? Maybe use an extra chase account for your next switch, and keep this nationwide one open. I've kept my Lloyds open for more than a year because they give the lifestyle benefit every 12 months. It's good for me because the tickets include my odeon which is usually excluded from freebies. 

I have a nationwide and a lloyds account recently opened I think I’m gonna get rid of the nationwide and keep the lloyds maybe but then I’ve got a halifax account which has similar options to the lloyds account, I tried opening a account with chase yesterday and they said no to me which I find strange as they don’t even do a hard check (I think) maybe it’s to do with the recently opened accounts?.

s71hj

How long does this usually take to be paid? I think i met the requirement 2 or 3 days ago

Middle_of_the_Road

s71hj said:

How long does this usually take to be paid? I think i met the requirement 2 or 3 days ago

If you look at the first link on the first page of this thread you will see the conditions say, the incentive will be paid within 10 days. Item 13.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/current-accounts/resources/smd1152-current-account-online-switch-offer-terms.pdf?rev=4e95903a26d14855a3bc74783c1e315a&hash=A03C1EA2881BB52EFBB4A251A3ACFBFE

s71hj

Middle_of_the_Road said:

s71hj said:

How long does this usually take to be paid? I think i met the requirement 2 or 3 days ago

If you look at the first link on the first page of this thread you will see the conditions say, the incentive will be paid within 10 days. Item 13.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/current-accounts/resources/smd1152-current-account-online-switch-offer-terms.pdf?rev=4e95903a26d14855a3bc74783c1e315a&hash=A03C1EA2881BB52EFBB4A251A3ACFBFE

Thanks.  I was wondering really what people's experience was though because if it's never before day 10 I can stop checking the account every 2 hours!

s71hj

 Can you "game" the 1 year cashback by eg paying a large lump sum by debit card to yourself. Eg I have an N S And I curent account that takes debit card payments 

tomxlisa

Switched into nationwide for the incentive then a day or so later switched to lloyds, I take it I didn’t need to stay with nationwide for a set period of time, little worried now they are gonna ask for the incentive back?. 

PRAISETHESUN

tomxlisa said:

Switched into nationwide for the incentive then a day or so later switched to lloyds, I take it I didn’t need to stay with nationwide for a set period of time, little worried now they are gonna ask for the incentive back?. 

You're okay. The old Nationwide refer a friend incentive had such a clause in their T&Cs but this offer does not. Once the money is paid you are free to switch/close the account.

s71hj

s71hj said:

Middle_of_the_Road said:

s71hj said:

How long does this usually take to be paid? I think i met the requirement 2 or 3 days ago

If you look at the first link on the first page of this thread you will see the conditions say, the incentive will be paid within 10 days. Item 13.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/current-accounts/resources/smd1152-current-account-online-switch-offer-terms.pdf?rev=4e95903a26d14855a3bc74783c1e315a&hash=A03C1EA2881BB52EFBB4A251A3ACFBFE

Thanks.  I was wondering really what people's experience was though because if it's never before day 10 I can stop checking the account every 2 hours!

Fwiw I was paid yesterday (a rather good day as my wife was too and we both also got the Coop £75 the same day)