How to get £200 when you switch

  • Be an existing qualifying member as at 31 March 2024

  • Switch a non-Nationwide bank account with at least 2 active Direct Debits to us

  • Switch to us online

  • Close your non-Nationwide bank account when you switch. Make sure you select Yes when asked Do you want us to close your old account?

  • Ask to complete your switch within 28 days

What are Direct Debits?

Direct Debits are different to standing orders and recurring card payments, like a Netflix or Spotify subscription. They’re regular payments you set up with a company allowing them to take a payment from your account on a set date. Most household bills, such as energy, water, broadband and Council Tax, are paid by Direct Debit.

What is a qualifying member?

You’re a qualifying member if either you or the person you have a joint non-Nationwide bank account with had a Nationwide current account, personal savings account or residential mortgage on 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.

The following mortgages are excluded: buy to let, commercial, lifetime, mortgages with one our subsidiaries (for example, The Mortgage Works) or a mortgage you applied for but had not completed by 31 March 2024.

If you’ve switched a sole or joint current account to us and previously benefited from a Nationwide current account switch offer since 18 August 2021, you will not qualify for this offer.

If you qualify, your £200 will arrive within 10 calendar days of your switch completing.

We may change, replace or withdraw this offer at any time, and you cannot be subject to any of the exclusions in the terms - PDF 166KB (opens in a new window).