{"id":582,"date":"2025-10-08T14:00:39","date_gmt":"2025-10-08T13:00:39","guid":{"rendered":"https:\/\/www.ecoportal.net\/uk\/?p=582"},"modified":"2025-10-08T14:00:19","modified_gmt":"2025-10-08T13:00:19","slug":"175-bonus-from-nationwide-3-simple-rules","status":"publish","type":"post","link":"https:\/\/www.ecoportal.net\/uk\/175-bonus-from-nationwide-3-simple-rules\/582\/","title":{"rendered":"Confirmed: Get \u00a3175 bonus from Nationwide \u2014 Meet 3 simple rules and 3 different options"},"content":{"rendered":"<p>As we grow older, we must navigate life and all of its vital decisions. One of the vital adulthood decisions includes choosing the right bank or building society to manage your finances. These financial institutions do their part to convince people to choose their services, such as<strong> Nationwide&#8217;s offer of a \u00a3175 bonus<\/strong>. These offers come with their own requirements, and in the building society&#8217;s case, you must meet three simple rules before you can choose between three different options for its bonus.<\/p>\n<h2>Choosing a financial institution is no easy feat<\/h2>\n<p>According to a data report by <span class=\"oXzekf\" data-huuid=\"11194861098843344840\">TheBanks.eu, <strong>the UK has 276 financial institutions in operation<\/strong> that are licensed by the Financial Conduct Authority (FCA). This staggering amount makes it difficult to decide which one would meet your banking needs the most. A report by Money Saving Expert indicated that the first step in choosing a financial institution is to identify all your banking needs.<\/span><\/p>\n<p>Banking needs could include the following:<\/p>\n<ul>\n<li>High-interest savings<\/li>\n<li>Features like international banking<\/li>\n<li>Switching bonuses<\/li>\n<\/ul>\n<div class=\"WaaZC\">\n<div class=\"RJPOee EIJn2\">\n<p>One must also consider other factors, such as fees, customer service reviews, and account type offers. Some financial institutions use these factors and needs as incentives to convince customers to choose their services. This includes the world&#8217;s largest building society, which is offering a switching bonus of \u00a3175 to qualifying customers.<\/p>\n<\/div>\n<\/div>\n<h2>Meet these 3 simple rules to qualify for the Nationwide bonus<\/h2>\n<p><a href=\"https:\/\/www.ecoportal.net\/uk\/nationwide-confirms-a-175-payout\/220\/\">Nationwide has confirmed a \u00a3175 payout<\/a>, but not everyone will qualify for this switching bonus. According to the building society, you must meet these 3 simple rules to qualify for the bonus:<\/p>\n<ol>\n<li>You are able to transfer two existing Direct Debits from an old account and start a complete switch utilising the Current Account Switch Service<\/li>\n<li>The closure and switch must be completed within 28 days<\/li>\n<li>You must deposit a minimum of \u00a31,000 and make one debit card transaction within 31 days of opening an account, or applying to switch to an existing one.<\/li>\n<\/ol>\n<p>The switching bonus will be <strong>deposited into the switched account within 10 days<\/strong>, but only if all the stipulated requirements are met. You can still use your old bank account and card within the first six days of switching. According to Nationwide:<\/p>\n<blockquote><p>&#8220;The account must be open when we make the payment. If you&#8217;re switching into a joint account, you&#8217;ll only receive one \u00a3175 payment. The payment will show on your statement as &#8216;Switching Offer&#8217;.&#8221;<\/p><\/blockquote>\n<h2>There are 3 different options to choose from<\/h2>\n<div class=\"tde\">\n<p>The \u00a3175 offer is only available to those who have not participated in a Nationwide current account online switch offer since 2021. The only exception is the sole account holders who are switching to joint accounts and haven&#8217;t participated in previous offers. As mentioned, there are <strong>three account options to choose from<\/strong> when making the switch.<\/p>\n<p>According to Nationwide&#8217;s official website, the account options are:<\/p>\n<ul>\n<li>FlexDirect\n<ul>\n<li>Self-service account with 5% interest<\/li>\n<li>1% cashback on debit card purchases<\/li>\n<li>No monthly fee<\/li>\n<\/ul>\n<\/li>\n<li>FlexAccount\n<ul>\n<li>Everyday account<\/li>\n<li>No monthly fee<\/li>\n<\/ul>\n<\/li>\n<li>FlexPlus\n<ul>\n<li>Packaged account<\/li>\n<li>Worldwide family travel and mobile phone insurance<\/li>\n<li>UK and European breakdown cover<\/li>\n<li>\u00a318 monthly fee<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Interested customers may also want to consider <a href=\"https:\/\/www.ecoportal.net\/uk\/6-5-interest-savings-account-becomes\/278\/\">the 6.5% interest savings account<\/a>, especially with the pressure of inflation looming in the air.<\/p>\n<\/div>\n<p>The switch will be completed within seven days, and all outstanding Direct Debits, remaining funds, and orders from your old account will be transferred. Nationwide will manage all the arrangements, and your old provider will cancel and close your account, so<strong> you don&#8217;t have to take any action<\/strong>. Payments to your old account will be redirected, but it remains your responsibility to inform your employer and pension provider of the new account information. For more information regarding the Nationwide \u00a3175 bonus, please visit the <a href=\"https:\/\/www.nationwide.co.uk\/current-accounts\/switch\/\" rel=\"nofollow noopener\" target=\"_blank\">Nationwide official website<\/a>.<\/p>\n<p><em>Disclaimer: Our coverage of events affecting companies is purely informative and descriptive. Under no circumstances does it seek to promote an opinion or create a trend, nor can it be taken as investment advice or a recommendation of any kind.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we grow older, we must navigate life and all of its vital decisions. One of the vital adulthood decisions includes choosing the right bank or building society to manage your finances. These financial institutions do their part to convince people to choose their services, such as Nationwide&#8217;s offer of a \u00a3175 bonus. These offers &#8230; <a title=\"Confirmed: Get \u00a3175 bonus from Nationwide \u2014 Meet 3 simple rules and 3 different options\" class=\"read-more\" href=\"https:\/\/www.ecoportal.net\/uk\/175-bonus-from-nationwide-3-simple-rules\/582\/\" aria-label=\"Read more about Confirmed: Get \u00a3175 bonus from Nationwide \u2014 Meet 3 simple rules and 3 different options\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/posts\/582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/comments?post=582"}],"version-history":[{"count":2,"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/posts\/582\/revisions"}],"predecessor-version":[{"id":658,"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/posts\/582\/revisions\/658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/media\/657"}],"wp:attachment":[{"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/media?parent=582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/categories?post=582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ecoportal.net\/uk\/wp-json\/wp\/v2\/tags?post=582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}