Nationwide to pull its £175 switching bonus - act now to get offer

The building society is withdrawing its bank switching offer at the end of the month, after gaining thousands of customers last year. We explain how to qualify for the current account switching bonus

A view of a Nationwide Building Society branch on October 15, 2024 in London, England
(Image credit: Getty Images)

Nationwide is pulling its market-leading £175 switching bonus at the end of March, after gaining the most current account customers out of any bank or building society.

The bonus is currently the biggest switching offer for customers moving their current account, along with Lloyds Bank and First Direct, which also pay £175.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.