Nationwide Building Society has rolled out an exciting financial reward for its members in 2025, offering a £200 bonus as part of its latest switching initiative. This bonus complements the ongoing £100 Fairer Share payment already being deposited into eligible accounts.
If you’re wondering whether you qualify for either, or even both, now is the time to find out.
What Is Nationwide’s £200 Member Bonus?
Nationwide is offering £200 to existing members who switch their main current account to the bank using the official Current Account Switch Service (CASS).
This incentive is part of a broader push to encourage members to consolidate their everyday banking with Nationwide.
The £200 payment will be transferred after the switch is completed, provided all qualifying conditions are met.
Eligibility Requirements for the £200 Switch Bonus
To claim the £200 reward, you must meet the following criteria:
- You must already be a Nationwide member.
- You should not have received a switching bonus from Nationwide since 2021.
- You must fully switch a current account from another bank into a Nationwide FlexAccount, FlexPlus, or FlexDirect.
- The switch must include:
- Closure of your old account.
- Transfer of at least two Direct Debits.
- Deposit of £1,000 into the new account within 31 days.
- At least one debit card transaction within the same 31-day period.
- The full switch must be completed within 28 days of initiating the process.
This bonus is exclusive to those who switch online and follow the terms precisely.
Ongoing £100 Fairer Share Payment
In addition to the £200 switching incentive, Nationwide is also paying £100 to over 4 million existing members. This Fairer Share payment is a reward for long-term loyalty and engagement.
To receive the £100:
- You must have held a Nationwide current account on or before March 31, 2025.
- You must also hold qualifying savings or mortgage products with the bank.
- You should have used your account actively in the first quarter of the year.
The £100 bonus is being paid between June 18 and July 4, 2025, via direct deposit.
Nationwide Bonuses
| Bonus Type | Amount | Eligibility Criteria |
|---|---|---|
| £200 Switch Bonus | £200 | Member status, full switch with 2 Direct Debits, £1,000 deposit, and a debit transaction |
| £100 Fairer Share | £100 | Current account by March 31, plus savings or mortgage product and active usage |
How to Claim Your Bonus
If you’re eligible for either bonus, here’s how to proceed:
- For the £100 Fairer Share: No action needed. If you meet the requirements, the money will be deposited automatically.
- For the £200 Switch Bonus:
- Visit Nationwide’s switching portal.
- Start a full online switch to one of the qualifying current accounts.
- Ensure the old account is closed and the criteria (Direct Debits, deposit, transaction) are completed.
Nationwide’s dual-offer strategy—£100 for loyal members and £200 for switchers—is a timely financial reward during a period when many households are looking for extra support.
With over 4 million members eligible, and no tax implications, these bonuses represent a meaningful opportunity.
If you’re already a Nationwide member, check your account for the £100 Fairer Share deposit. And if you’re ready to switch your main account, now’s the perfect moment to take advantage of the £200 bonus and make your finances work harder for you.
FAQs
Can I get both the £100 and £200 payments?
Yes, if you meet the criteria for both bonuses, you could receive a total of £300.
What happens if I miss one of the conditions?
You will not receive the £200 switch bonus if any part of the process is incomplete, including Direct Debits or the minimum deposit.
Is the £200 taxable?
No, both the £100 and £200 payments are not taxable income and don’t need to be reported.