Nationwide restricts £200 payments to existing members

Nationwide Building Society announced a £200 payment for customers switching to its current accounts, but eligibility is restricted. The offer is only available to existing Nationwide members. To qualify, customers must have held an eligible mortgage, savings, or current account by March 31, 2025. They must also switch at least two direct debits, complete the switch within 28 days, and deposit £1,000 with one debit card payment within 31 days. The bank will redirect payments from old accounts, but customers should also inform payers of their new account details. Full details are available on the Nationwide website.