Nationwide, the UK's largest building society, pays £175 to new customers who switch their current account — with one of the shortest qualifying windows of any current offer. Here's exactly what's involved.
£175 switching bonus. 2 Direct Debits, £1,000 pay-in, plus one card payment, all within 31 days of switching. Switch completes within 28 days.
The 31-day window is the thing to watch here. Most switching offers give you 45–60 days to hit your pay-in and spending conditions — Nationwide gives you 31, starting from when you switch. Since the switch itself takes up to 28 days to complete via CASS, it's worth having your pay-in ready to go and using your new debit card promptly once the account is live, rather than treating this as a leisurely multi-week task.
Yes, particularly for the simplicity — two Direct Debits, a modest £1,000 pay-in, and just one card payment is a lower bar than most competing offers. The main thing to plan around is the shorter 31-day window rather than the conditions themselves, which are otherwise straightforward. Nationwide is also a mutual building society rather than a bank, which some switchers prefer on principle.
Nationwide, NatWest, and HSBC are all separate banking groups, so a bonus from one doesn't affect your eligibility for the others. If you're planning your switching order:
Once your bonus lands: make it work harder. See our guide to what to do with your switching bonus — from investing platforms to travel cards, we've rounded up the best options for your extra cash.
Your two BeSwitchReady Bacs Direct Debits satisfy Nationwide's requirement to transfer 2 active Direct Debits via CASS. Just remember the 31-day clock starts as soon as your switch goes through — have your £1,000 pay-in and first card payment ready to go.
Not yet a member? Two Direct Debits, £1.98/month total (£0.99 each) — set up once, ready for every offer.
Join BeSwitchReady →No fixed deadline, but a short 31-day qualifying window. Your BeSwitchReady Direct Debits transfer automatically via CASS.
Apply for Nationwide →Always verify current terms at nationwide.co.uk before applying. Bonus amounts and eligibility criteria may change — this offer was verified as of 16 September 2026.