Nationwide Switch offer 21/5/26

badger09

Don’t think it’s been mentioned yet. £175 switch offer launched today

https://www.nationwide.co.uk/current-accounts/switch/

EarthBoy

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/current-accounts/resources/smd1863-current-account-switch-offer-terms.pdf

£175 Current Account Switch Offer Terms

It runs from 21 May 2026 until the offer ends.

What you need to do to get the offer

You need to:

1. Open a FlexDirect, FlexAccount or FlexPlus and choose to switch while you’re applying. Or, if you already have one of those
accounts with us, you can switch an account from another bank into it.

• It must be a full switch from a current account held with another provider using the Current Account Switch Service. A full
switch includes closing the account you are switching from. Doing a manual or partial switch won’t count for this offer.

• At least 2 active Direct Debits need to be transferred as part of your full switch from the account you are switching from.

We’ll move your Direct Debits for you as part of the full switch. Other automatic payments, like standing orders and
recurring card payments, don’t count.

• Your switch must complete within 28 days of opening your Nationwide account. If you’re switching into an existing account
with us, it’s within 28 days of telling us you want to switch.

• The account you’re switching from needs to be in your name or a joint account in your name.

2. Do the following things within 31 days of us opening your Nationwide account. If you’re switching into an existing account
with us, do them within 31 days of telling us you want to switch:

• Pay at least £1000 into your Nationwide account you’ve switched into. Money you are transferring as part of the switch
from your old account will count. If you’re switching into an existing Nationwide account, money already in that account won’t
count. Money transferred from any other Nationwide account, whether held by you or anyone else, and Visa credits, won’t count.

• Make at least one payment using your Nationwide debit card. This is the debit card for the Nationwide account you’ve
switched into. Some types of payments won’t count. These are gambling and crypto transactions, taking out cash and money
transfers. Other cash-type transactions won’t count either, like buying foreign currency or traveller’s cheques, money orders,
loan, lease and mortgage payments. Contactless, Apple Pay, Google Pay, Samsung Pay and recurring card payments will all
count, unless they are for a type of payment that won’t count.

You won’t get the offer if you’ve received one before

You can only receive this switch offer:

• For your first eligible sole current account switch since 2021; and

• For your first eligible joint current account switch since 2021.

For joint accounts, the switch won’t be eligible if one of the joint account holders has already received a joint switch offer, even if
the other account holder hasn’t received one before.

Opening a new account with us does not make you eligible for this offer if you’ve already received a switch offer for a sole or joint account.

If you’re switching into an existing account and that account has already received a switch offer at any time since 2021, you won’t be eligible for the offer again.

The offer payment

• We’ll pay £175 into the Nationwide account that you’ve switched into. We’ll do this within 10 days of you meeting all the
requirements. The account must be open when we make the payment.

• It will appear on your statement as ‘Switching Offer.’

• If you’re switching into a joint account, you’ll only receive one £175 payment.

When we can end this offer

We may end, change or replace this offer at any time. If we do this, and you’ve already requested a switch, you’ll still get this offer if
you meet all the requirements.

What else do I need to know

You won’t get this offer if:

• You are switching from a current account already held with Nationwide Building Society including under a different trading
name, such as Virgin Money.

• You requested your switch before 21 May 2026, even if your switch completes after this date.

• You requested a switch after the offer was withdrawn.

• You or a joint account holder already has a current account with us that’s being managed by our Collection and Recoveries
department at the time the switch completes.

• You, or any of your accounts with us, are subject to a financial sanction or restraint order. Or if we think there’s fraud or other
unlawful things happening on your account.

We use Visa to work out debit card payment types. Visa sorts card payment types based on the type of product the retailer sells.

SMD1863 (May 2026)

HedgehogRulez

You can only receive this switch offer:

• For your first eligible sole current account switch since 2021; and

• For your first eligible joint current account switch since 2021.

superleeds27

Cheers for this. Good to see new switch offers popping up!

danny13579

Offer has now been added to the switching offers archive for future reference.

eastcorkram

https://forums.moneysavingexpert.com/discussion/comment/82006876#Comment_82006876

I tried doing a switch to nationwide in 2021. From Tesco , just before they were closing current accounts.

The switch failed, on the grounds of it took more than 7 days. Think it was ten.

Nationwide blamed Tesco for the delay. Tesco blamed nationwide. Outcome was, they wouldn't pay the switch bonus. I switched away from them shortly after.

I could try this one, and see if it works this time.

Shedman

Shame - rules out those of us that got the Sept 21 incentive…hopefully they'll move it on a year if they do one next year.

etienneg

https://forums.moneysavingexpert.com/discussion/comment/82007299#Comment_82007299

I assume Sept 21 in the above means September 2021 and not September 21st!

At the risk of starting a pedant's argument, is that what "since 2021" means? Does it definitely mean "from and including 2021", or could it be interpreted as "since the end of 2021"? Opinions are fine for what they are, but I'm particularly interested in hearing of any authoritative sources.

MisterMotivated

I'll probably give this offer a try. My last Nationwide switch incentive was in September 2021. I haven't received a bonus "since" then (i.e. since 2021), so I'm going to be optimistic and assume I'll qualify…

danny13579

August/September 2021 was when Nationwide changed from doing Refer a Friend switch offers to more conventional switch offers, so I guess this may be where the "since 2021" comes from?

If they mean since the start of 2021, then that would exclude people who availed of the 2021 offer from benefitting.

If they mean since the end of 2021 then people who availed of the 2021 offer could benefit from this offer.

If they mean since the 2021 switch offer, I'm not sure whether it would exclude people who benefitted from this offer or not. It could be open to challenge if they refuse to give the switching bonus to someone who received a switching bonus in August/September 2021 and haven't received a switching bonus since that one.

Unfortunately a lot of the time these offers are written without much care and attention being put into the wording, and banks (e.g. Co-op) have gotten on the wrong side of the FOS in the past over unclear terms in their switch offers.

MisterMotivated

I'm no longer optimistic about getting this. I might still chance my luck as I have a spare current account I could do with getting rid of anyway (though the eligibility checker on their website says [Family Fortunes "X" noise]). I don't know why they felt the need to change the non-ambiguous T&C's from the last offer, which ended in March (maybe sneakily trying to gain a few extra ineligible switchers due to the lack of a specific date?)…

Current version:

You won’t get the offer if you’ve received one before
You can only receive this switch offer:
• For your first eligible sole current account switch since 2021; and
• For your first eligible joint current account switch since 2021.

Previous version (ended March 2026):

You won’t get the offer if you’ve received one before
You can’t get this offer if you’ve had one of our current account switch offers in the past, which we began to offer in 2021. But
there are 2 exceptions to this.

1. If you received one of our offers before on a sole current account, and you’re now switching into a joint current account and
   haven’t received one of our offers before on a joint current account, you can still get it.
2. If you received one of our offers before on a joint account, and you’re now switching into a sole current account and haven’t
   received one of our offers before on a sole current account, you can still get it.

I think if I do receive a bonus, it will most likely be down to them not checking my eligibility properly, rather than me actually qualifying