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Nationwide FlexDirect

Guaranteed switch bonus

£175

What you must do

Full account switch2+ direct debitsPay in £1,000 (31 days)1 card payment

Who can’t get it

This must be the first time you've had one of our switch offers on an eligible sole or joint account.

Deadline: Not stated — check with the bank
Account: FlexDirect
Protection: FSCS up to £120,000
Bonus paid: within 10 days of qualifying
Last checked: 29 Sep 2026

Provider & protection

Deposit-taker: Nationwide Building Society, trading as Nationwide
Country of incorporation: United Kingdom
Regulated for deposit-taking: Yes
Prudential regulator: Prudential Regulation Authority
Deposit guarantee scheme: Financial Services Compensation Scheme (FSCS)
Dispute resolution scheme: Financial Ombudsman Service
Paid up capital and reserves: Exceeds £10 billion (as at 31 Mar 2026)

Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per authorised firm, subject to eligibility and FSCS rules. The limit applies to the total held across every brand sharing that firm's authorisation, not to each brand separately.

The same authorised firm also trades as Clydesdale, Nationwide Building Society and Virgin Money. If you hold money with more than one of these, the compensation limit applies to your combined balance, not to each brand separately.

You apply directly with Nationwide. SwitchScout is not the deposit-taker, does not accept deposits and does not process applications.

Provider details verified 20 Aug 2026 from the provider’s own disclosure.

View at Nationwide ›

Information only, not financial advice. Read from Nationwide’s own switch page on 29 Sep 2026 — confirm the current offer and your eligibility there before switching.