Nationwide Offers up to £350 Cash Bonus for Customers Switching Before Christmas

• Nationwide is offering a £175 cash bonus for individuals and £350 for joint account holders switching to their services.
• The deal is available to those moving to FlexPlus, FlexDirect, or FlexAccount accounts from non-Nationwide accounts.
• Requirements include depositing £1,000 and making at least one debit card transaction within 31 days.
• The offer aims to ease financial stress, with Nationwide's survey revealing 70% of people feel more anxious about money this Christmas.
• Customers should check terms carefully, as certain transactions may not count toward eligibility.

Nationwide Building Society is spreading festive cheer by offering new customers the chance to earn up to £350 in cash bonuses when switching their bank accounts. With the Christmas season often placing financial strain on households, this timely incentive could help ease the burden.

Eligible customers switching to a FlexPlus, FlexDirect, or FlexAccount will receive £175, with joint account holders doubling the bonus to £350. Nationwide’s survey highlights the offer's relevance, revealing that 70% of individuals are more stressed about money this Christmas compared to last year.

To qualify, customers need to switch from a non-Nationwide account, deposit at least £1,000, and make at least one debit card transaction within 31 days of initiating the switch. After meeting the requirements, the bonus is credited within 10 days. However, those who have received a similar bonus since August 2021 are not eligible.

The average UK household is expected to spend £813 on Christmas, including £254 on presents and £137 on food, according to Nationwide’s research. Marta Edwards, Nationwide’s chief of current accounts, said: “We want to give people lots of reasons to join Nationwide and then stay with us. This offer may ease some financial pressures at this time of year.”

Tom Church, Co-Founder of LatestDeals.co.uk, comments: “This is a generous offer that could take a chunk out of your Christmas expenses. Make sure you meet the criteria, and don’t forget to compare the ongoing benefits of the account to get the most value long-term!”