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FlexDirect current account

Get access to interest on your money and, for the first 12 months, you can get an interest-free arranged overdraft with our self-service account.

How to get £200 when you switch

  • Be an existing qualifying member as at 31 March 2024

  • Switch a non-Nationwide bank account with at least 2 active Direct Debits to us

  • Switch to us online

  • Close your 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

What are Direct Debits?

Direct Debits are different to standing orders and recurring card payments, like a Netflix or Spotify subscription. They’re regular payments you set up with a company allowing them to take a payment from your account on a set date. Most household bills, such as energy, water, broadband and Council Tax, are paid by Direct Debit.

What is a qualifying member?

You’re a qualifying member if either you or the person you have a joint non-Nationwide bank account with had a Nationwide current account, personal savings account or residential mortgage on 31 March 2024.


The following savings accounts are excluded: business savings, investment accounts (for example, a stocks and shares ISA) and personal savings accounts or cash ISAs in the name of someone else that are being held for your benefit under a trust or similar arrangement.


The following mortgages are excluded: buy to let, commercial, lifetime, mortgages with one our subsidiaries (for example, The Mortgage Works) or a mortgage you applied for but had not completed by 31 March 2024.

If you’ve switched a sole or joint current account to us and previously benefited from a Nationwide current account switch offer since 18 August 2021, you will not qualify for this offer.

If you qualify, your £200 will arrive within 10 calendar days of your switch completing.

Offer ends 4 July 2024. We may change, replace or withdraw this offer at any time, and you cannot be subject to any of the exclusions in the terms - PDF 166KB (opens in a new window).