Nationwide switch offer

makemoremoney

Hi all, first post here. 

I'm considering ditching hsbc for nationwide and have read up on their current switching deal with £175 cash payment etc. 

I noticed it states you must deposit £1000 within 31 days of applying for the new account, does anyone know if a) this £1000 has to be left unspent i.e. to claim the deal you have to pay in and maintain a cash balance of £1000 OR is it b) that you have to pay in a total of £1000 but can spend this and so have a balance less than £1000 within the 31 day period?

Thanks

EarthBoy

As long as you pay the money in, you can do what you like with it after that; you don't have to keep it in the account.

Alexland

You can pay it in and transfer it out immediately and you have met the pay in requirement.

adindaspantai

I just check it seems that this switching deal is also available to those who has got switching incentive in the past ?

Am I correct ?.

Also what about creating a new login could it work to get switching incentive ??

Rob5342

The terms say

You will only be eligible for this offer on your first sole current account and first joint current account that you switched to us since 18 August 2021, and that have not benefited from this or any previous current account online switch offer.

PRAISETHESUN

adindaspantai said:

I just check it seems that this switching deal is also available to those who has got switching incentive in the past ?

Am I correct ?.

Also what about creating a new login could it work to get switching incentive ??

New login won't work as they will use your personal details to figure out you are the same person and deny you the incentive if you are not eligible.