Overview
- Nationwide says it has paid £175 to more than 40,000 recent switchers, with 41,450 new customers attracted in Q3 2025 through incentives.
- NatWest gained 8,731 customers in Q3 2025 after running £150–£175 switching bonuses, including a £175 offer in September.
- CASS reports October 2025 as the peak month with 128,199 switches and confirms 99.2% of moves complete within seven days, making Q4 the busiest quarter.
- Major deals remain available, with Santander and TSB offering up to £200 to switch and First Direct promoting a £175 bonus.
- Nationwide’s live £175 offer applies when switching a non‑Nationwide account to FlexDirect, FlexAccount or FlexPlus via CASS with two Direct Debits, at least £1,000 paid in and one debit card purchase within 31 days, with the payout labeled “Switching Offer.”