Britain’s biggest building society Nationwide is givingaway £200 free cash to customers as part of a new bank account switch offer.
In 2023, Nationwide launched its Fairer Share rewards scheme which saw around3.4 million customers receive a £100 payment.
Thisrewards scheme is set to return in 2024 with customers to receive another £100 between June 13 and 28.
Last year the building society also gavecustomers £200 free cash as part ofan account switch offer.
How to save money
If you missed the £200 offer last year, don't worry, it's back again in 2024 and here's how you can claim the free cash.
How to get £200 free cash from Nationwide as part of new offer
To claim the £200 free cash all you have to do is switch your non-Nationwide bank account over.
Although you must meet the following criteria, according to the Nationwide website, to claim the free money:
- Be an existing qualifying Nationwide member as of March 31, 2024
- Switch a non-Nationwide bank account with at least twoactive Direct Debits to Nationwide
- The switch must be done online
- Closeyour 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
You will also only be able to claim the £200 if you switch to a NationwideFlexAccount, FlexPlus orFlexDirect account.
— MoneySavingExpert (@MoneySavingExp) June 3, 2024There are now FIVE banks offering bribes for your custom!
Thinking of switching? Here is a quick overview, and you can follow the link for full details on each deal ⬇️https://t.co/HmUueDppyL pic.twitter.com/xuUvFIt5gg
Nationwide adds: "If you already have one of these bank accounts, you can still switch over your non-Nationwide bank account and get £200 if you log in to our Internet Bank."
You will not qualify for the £200 if you have claimed a Nationwide account switch offer since August 18, 2021.
If you're still not sure whether or not you'reeligible to claim the £200 when you switch accounts, you can double check via the Nationwide website here.
If you qualify, the £200 will land in your account within10 calendar days of your switch completing.
Nationwide said switching bank accounts was "simple" and should be done within seven working days.
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The building society said: "Switching your bank account is designed to be simple, reliable and stress-free.
"You can switch in just 7 working days, and our dedicated team will move over your payments, balance and even your payees."
For more information on the £200 offer or switching accounts, visit the Nationwide website.
