Nationwide Building Society has relaunched its popular £175 switching bonus, offering a straightforward way for customers to earn extra money by moving their current account. With household expenses continuing to rise, this promotion could provide a helpful financial boost. Launched on September 18, 2025, the offer is open to both new and existing Nationwide customers. Thanks to the Current Account Switch Service (CASS), transferring your account is fast, secure, and stress-free. However, to qualify for the bonus, all steps must be followed carefully within the specified time frames.
What the £175 Nationwide Bonus Means
The £175 bonus is part of Nationwide’s current account promotions, designed to reward customers who switch their account from another bank or building society. The offer provides a one-time cash reward, but it comes with specific eligibility criteria. The promotion is available for a limited period and may end at any time, so acting quickly is recommended. By completing the switch and meeting all requirements, customers can benefit from this generous incentive without any hidden catches.
Which Accounts Are Eligible
Not all Nationwide accounts qualify for the £175 bonus. Eligible accounts include FlexDirect, FlexAccount, and FlexPlus. FlexDirect offers 5% interest on balances up to £1,500 for the first 12 months, along with an interest-free overdraft. FlexAccount is a standard, free everyday account suitable for regular banking needs. FlexPlus is a packaged account with a monthly fee, including benefits such as travel insurance and mobile phone cover. Accounts that do not qualify include savings-only accounts, business accounts, and certain restricted account types.
How to Claim the £175 Bonus
To claim the bonus, customers must complete two key steps. First, they need to open a new eligible account or use an existing one and request a full switch via the Current Account Switch Service. A full switch closes the old account and transfers all regular payments automatically. The switch must be completed within 28 days of opening the account or initiating the switch. Importantly, at least two genuine Direct Debits must be transferred as part of the process. Simple standing orders, subscriptions, or manual transfers do not count toward this requirement.
The second step involves completing certain actions within 31 days. A deposit of at least £1,000 into the new Nationwide account is required. This amount can include money transferred during the switch but cannot originate from another Nationwide account or existing funds. Customers must also make at least one payment with their Nationwide debit card. Accepted payments include contactless transactions, online purchases, and digital wallets such as Apple Pay and Google Pay. Excluded transactions include cash withdrawals, mortgage or loan payments, gambling, cryptocurrency purchases, foreign currency, or internal money transfers. Meeting all steps within the deadlines is essential to secure the bonus.
When the Bonus Will Appear
Once all requirements are met, Nationwide typically deposits the £175 bonus into the customer’s account within 10 days. On bank statements, the payment will appear as ‘Switching Offer.’ If the switch is made to a joint account, only one payment is issued, not per account holder. Customers opening multiple accounts are also limited to a single bonus per switch.
Who Is Not Eligible
Some customers will not qualify for the bonus. Those who have already received a Nationwide switching bonus since 2021 may be excluded, although exceptions exist for customers changing from a sole account to a joint account, or vice versa. Customers whose accounts are flagged for fraud checks, under financial sanctions, or managed by the Collections and Recoveries department are also ineligible.
Could the Bonus End Early?
Nationwide reserves the right to change or withdraw the offer at any time without prior notice. However, customers who start their switch before the promotion ends and fulfill all requirements will still receive the £175 reward. This bonus represents an easy and secure way to earn extra cash while switching accounts, with payment appearing quickly once all steps are completed. For those who qualify, the offer provides a convenient opportunity to boost finances in 2025.
Nationwide’s £175 switching bonus is more than just a promotion, it’s a practical tool for customers looking to streamline their banking while earning extra money. By carefully following the eligibility rules and deadlines, you can ensure a smooth switch and a fast payout, giving your finances a welcome lift this year.