Nationwide £200 switching deal & £100 member "Fairer Share" payment (May 2024)

A cash incentive is available to only existing customers - but couples could get it three times. This is a welcome return of the switching bonus from Nationwide, but with one big difference - you can only get it if you already have an account or mortgage with Nationwide.
W A T C H N E X T
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#Bankaccounts #currentaccounts #bankswitching
TIME STAMPS
00:00 The new Nationwide bank switching deal
00:50 The switching deal - are you eligible?
02:41 How you get the deal
05:20 Stack the offer with joint and personal accounts
06:35 Which account to get if you need to open a new one
07:20 The £100 fairer share payment - what is it and are you eligible?
10:54 If you've missed out this year - plan for next year
11:35 5.5% fixed savings account - all you need to know
MORE
S U B S C R I B E / @becleverwithyourcash
N E W S L E T T E R - becleverwithyourcash.com/news...
(You'll also get a free Quidco bonus for signing up)
T W I T T E R - / beclevercash
I N S T A G R A M - / becleverwithyourcash
F A C E B O O K C O M M U N I T Y - / 2661970707423383
W E B S I T E - becleverwithyourcash.com
A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

Пікірлер: 91

  • @andrewcairns7719
    @andrewcairns7719Ай бұрын

    I got the £100 last year and also again this year😊 free money is always good👍🏻

  • @dareemmanuel6079

    @dareemmanuel6079

    Ай бұрын

    How did you do it? I thought he said you can’t get again so soon?

  • @andrewcairns7719

    @andrewcairns7719

    Ай бұрын

    @@dareemmanuel6079everyone can get the £100 as long as you meet the same conditions as last year

  • @Narrowsplice

    @Narrowsplice

    Ай бұрын

    @@dareemmanuel6079you get it in June

  • @usgreth

    @usgreth

    Ай бұрын

    @@dareemmanuel6079 the £200 bank switch you cannot get again if you have got it since 2021 (since you are obviously gaming the system and not likely to use Nationwide more frequently). The £100 is basically a loyalty bonus/dividend so they have no problem with paying this every time they feel like it.

  • @L.M143
    @L.M143Ай бұрын

    Have to mention seeing all those disappointed with NW comments, its free money so there will be conditions! Atleast they are doing this which many others don't! Definitely disappointed if you don't get it, but their conditions were fair i thought!

  • @Goady1000

    @Goady1000

    Ай бұрын

    If you use them for everyday banking you are getting rewarded. If you are abusing certain things from them, you get diddly squat - fairplay nationwide

  • @Narrowsplice

    @Narrowsplice

    Ай бұрын

    Especially as the criteria is the same as last year , they are just crybabies

  • @diintheuk4425
    @diintheuk4425Ай бұрын

    Thanks Andy! We made more than 1,000 pounds thanks to your channel last year. You're the best!!

  • @Anteater23
    @Anteater23Ай бұрын

    Me and my dad both got the £100

  • @matissemoretti8451
    @matissemoretti8451Ай бұрын

    Hi Andy, I switched from a Nationwide flex account to Lloyds a few months back. I still have my flex graduate account which is a qualifying account. Am I still eligible for this deal if I closed a flex account and then look to open another one back up or should I open a different account just to be safe? Thanks

  • @malahari123
    @malahari123Ай бұрын

    What happens if you just switched a nationwide current account away two days ago and open a 2nd current account now?

  • @JeebSan
    @JeebSanАй бұрын

    Can we switch into an existing account from the app? I can’t see an option for it

  • @AdorianGP
    @AdorianGPАй бұрын

    Ecstatic to get the cash, thx NW 🎉

  • @JD-ru7lf
    @JD-ru7lf10 күн бұрын

    Hi, quick question... What if I have a joint Flex account and a joint mortgage account... will we only be able to do it once? (Therefore max £200?). Or can we both do it, perhaps me on the Flex Account and my partner using the Mortgage account? Also - does the bank we are switching from also have to be a joint account, or will a personal one be fine? Thanks for your help

  • @supaste
    @supasteАй бұрын

    Anyone know if I can i switch a personal current account into a joint one? Done loads of switches but haven't experimented with joint switches yet.

  • @alanstjohns
    @alanstjohnsАй бұрын

    If you already have one of those qualifying NW accounts, and you already have the two direct debits coming out of that NW account, would that qualify?

  • @simonebruschi9793
    @simonebruschi9793Ай бұрын

    Just spoke to NW. With a joint account who benefitted from the bonus recently, I cannot get the bonus on a personal account

  • @esmeecampbell7396
    @esmeecampbell7396Ай бұрын

    I tried it and got told by nationwide (during their soft credit check) that I'm "not allowed to open another account with them based on my previous history using their account." 😂 Lol, fair enough Nationwide well played

  • @louismiles2340

    @louismiles2340

    Ай бұрын

    you don't have to open a brand new account to get the bonus, just switch from another bank into your existing account and you'll get the £200 :)

  • @esmeecampbell7396

    @esmeecampbell7396

    Ай бұрын

    @@louismiles2340 they've also blocked the switch in feature on my current account (which had 1p sat in it for months) That's why I was trying to open another account to circumvent it, sadly they're smarter than some banks

  • @0040636bf109e
    @0040636bf109eАй бұрын

    Brilliant, unless I am wrong, everything has to be before 31st of March 2024, and the video comes out in May!

  • @jlexzis
    @jlexzisАй бұрын

    Thanks Andy. I left a question on your Facebook page but, I received an automated response. My question is simple, I am eligible, but the account I am looking to switch from has Plum as one of the Direct Debits. I wanted to know, would that Plum DD switch along during the process?

  • @esmeecampbell7396

    @esmeecampbell7396

    Ай бұрын

    If your question is simple you're probably best off Googling it or reading the T&Cs than asking someone too busy to answer simple questions you should be able to understand

  • @michaelwoodley8472
    @michaelwoodley8472Ай бұрын

    Any other money from top cash back .

  • @user-nw2nq2ec1b
    @user-nw2nq2ec1bАй бұрын

    Great video 👏 quick question Can i switch and the set up the two direct debits? Or do they have to be already set up in the account that i a switching from

  • @christopherboyle2711

    @christopherboyle2711

    Ай бұрын

    They already have to be set up and have one payment taken before switching

  • @yorkshireplumbing
    @yorkshireplumbingАй бұрын

    I've been with "The Cheshire" i.e. Nationwide for 20+ years, and I've only just caught on to this dividend reward today! I've only ever had a building society / ISA, not a current account. I've set one up now and also the member's 18 month fixed term saving account. Pretty p'ed off I've missed out on the £100 though. So when you switch accounts, do you have to close your entire bank account with the the other people, or just the current account? I have a save to buy ISA and a digital saver 6.5% with natwest and don't want to lose them if I switch?

  • @Goady1000

    @Goady1000

    Ай бұрын

    You need to do a switching service from.another provider to nationwide to receive the 200. You'll have to check what your terms are with natwestv

  • @yorkshireplumbing

    @yorkshireplumbing

    Ай бұрын

    @@Goady1000 Well, I just set up a plum DD and deposited £1 to may PP account... let's hope those payments go through as DD in the next 3-4 working days and I'll go for it!

  • @panp4435
    @panp443528 күн бұрын

    If I have just set up a number of direct debits but they have not yet been debited on the account I am going to switch over into nationwide will it still work?...

  • @aj0007
    @aj0007Ай бұрын

    Could anyone help me out with the following... If I only have a joint current account with my wife, does this mean we are qualifying members? And we could open a sole account each and use the joint account for the switch enabling £600 in total?

  • @ReasonwithRobdon
    @ReasonwithRobdonАй бұрын

    I have a flex direct account and got the switch bonus last year. I have a flex saver account. Can I switch my non nationwide account here and get the £200

  • @derendila

    @derendila

    28 күн бұрын

    no

  • @akkiokz619
    @akkiokz61914 күн бұрын

    me and my wife have a joint mortgage with nationwide, can I get solo and joint switch bonus(600) ? if I can't, can I do two solo switches then?

  • @r12studios72
    @r12studios72Ай бұрын

    Wow that was all very confusing! I have a current joint account with nationwide, never had a bonus on it. Can I get the bonus? And what do I switch it to?

  • @esmeecampbell7396

    @esmeecampbell7396

    Ай бұрын

    Honestly if you found that confusing just give up, you'll never manage to cope with Google and then reading a terms and conditions page

  • @r12studios72

    @r12studios72

    Ай бұрын

    Haha! It’s the ‘must open or already have a current account’ but I thought it was only open to current customers? Then it says the old account must be from a different bank? So yeah.. confusing!

  • @NomanKhan-jk2ql
    @NomanKhan-jk2ql11 күн бұрын

    Is it only for existing customers, oh damn!

  • @Anteater23
    @Anteater23Ай бұрын

    Should I get the branch or online Nationwide savings account? Does it matter?

  • @yorkshireplumbing

    @yorkshireplumbing

    Ай бұрын

    They're both the same rate. You can only manage the online one, online.

  • @seantuaima
    @seantuaimaАй бұрын

    With the Nationwide Building Society 18 Month fixed savings account paying 5.50% interest, do you have to wait the whole 18 months to receive your interest payment on a maximum savings of £10,000?

  • @comfortzone5618

    @comfortzone5618

    Ай бұрын

    Yes, “We'll pay the interest on the anniversary of the date you opened your account (regardless of when the account was funded), at the end of the term, and on the day your account closes”

  • @user-iq5yx4xw9e
    @user-iq5yx4xw9eАй бұрын

    isnt cash isa tax free interest?

  • @Ehtizan-Editor-001
    @Ehtizan-Editor-001Ай бұрын

    Hey Andy, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel

  • @nicholasmaden8100
    @nicholasmaden8100Ай бұрын

    I have a flex one will i get the money?

  • @andrewlevett4274

    @andrewlevett4274

    Ай бұрын

    Watch the video

  • @clicksmile_shorts
    @clicksmile_shorts22 күн бұрын

    i have a flex1 acc and i jointed on 4th aplial can get ti too

  • @pkeiths1594
    @pkeiths1594Ай бұрын

    ive got 100k+ with Nationwide in saving and 2 ISA been with them for 35+ years ive never been given £100

  • @Goady1000

    @Goady1000

    Ай бұрын

    Take it up with them but your not using them for everyday banking so fairplay Nationwide

  • @Narrowsplice

    @Narrowsplice

    Ай бұрын

    Because you don’t trust them with your current account. Cry more.

  • @Dana-ml7sy
    @Dana-ml7syАй бұрын

    Do Nationwide contact you if you are eligible for fairer share or will the money just be put in your account?

  • @davidg9610

    @davidg9610

    Ай бұрын

    You'll receive an email, and if you use the app you should have a notification on logging in.

  • @RachFarrah

    @RachFarrah

    29 күн бұрын

    They contact you Money goes in between 13 and 28 june

  • @soheil2626
    @soheil2626Ай бұрын

    Am i eligible if i had a mortgage back in 2017? I dnt have that mortgage with nation wide anymore and moved to other provider, will i be eligible?

  • @Goady1000

    @Goady1000

    Ай бұрын

    No your not a customer now

  • @kiwiifirefly9880
    @kiwiifirefly9880Ай бұрын

    Last year, my wife and I separately opened a Flex Direct account and received a total switch bonus of £400. Can we apply for another joint account this time to receive the £200 bonus? I'm a bit confused and would appreciate clarification.

  • @suresh7436

    @suresh7436

    Ай бұрын

    I did and received £200 .

  • @annax3822

    @annax3822

    Ай бұрын

    Yeah I did

  • @kiwiifirefly9880

    @kiwiifirefly9880

    Ай бұрын

    @@suresh7436 I mean, it just starts yesterday, you guys have already had the new bonus?

  • @50investing

    @50investing

    Ай бұрын

    just start yesterday, you guys have already got the bonus?😮​@@annax3822

  • @kiwiifirefly9880

    @kiwiifirefly9880

    Ай бұрын

    @@suresh7436 Do you mean that you have a situation similar to mine and have already received the switch bonus this time?

  • @peteturner8493
    @peteturner8493Ай бұрын

    NW far too many conditions to avoid a payout to all its members of course....

  • @geofflancaster8542

    @geofflancaster8542

    Ай бұрын

    ...and then paying it as "interest", with income and tax liabilities.

  • @peteturner8493

    @peteturner8493

    Ай бұрын

    @@geofflancaster8542 Yes some members are more equal than others Lol.

  • @hsk-jm6kh
    @hsk-jm6khАй бұрын

    By far the most backwards bank switching offer ever!. I feel like the person who conceived it is saying 'there's a club, and you're not on the guest list!'.

  • @andrewlevett4274

    @andrewlevett4274

    Ай бұрын

    Should have joined then.

  • @Narrowsplice

    @Narrowsplice

    Ай бұрын

    Cry more

  • @hsk-jm6kh

    @hsk-jm6kh

    Ай бұрын

    @Narrowsplice your comment suggests your not even old enough to open a bank account.

  • @Narrowsplice

    @Narrowsplice

    Ай бұрын

    @@hsk-jm6kh I am that’s why I’m enjoying my £100 and your not

  • @IR._
    @IR._Ай бұрын

    Hate how Nationwide’s offers are based on what’s happened in the past and not something you can actually influence now, like almost every other bank’s offers

  • @yorkshireplumbing

    @yorkshireplumbing

    Ай бұрын

    I know, I've been a member for 20 years and basically got shafted.

  • @stewartlowe3271

    @stewartlowe3271

    Ай бұрын

    I love it. Rewarding loyalty is good.

  • @Goady1000

    @Goady1000

    Ай бұрын

    Me too​@@stewartlowe3271

  • @Goady1000

    @Goady1000

    Ай бұрын

    I love that they only reward people who use them as a bank

  • @jimbojimbo6873
    @jimbojimbo6873Ай бұрын

    Nationwise offers are pointless given how impossible they are to meet

  • @Goady1000

    @Goady1000

    Ай бұрын

    Very easy to meet if their your bank, of not your bank then good job on Nationwide for rewarding loyal customers. Much rather they paid 300 and nor 200 to new customers

  • @tommytinkler1708
    @tommytinkler1708Ай бұрын

    Load of bollocks, full of hoops to jump through most folks won't get it.

  • @Goady1000

    @Goady1000

    Ай бұрын

    If you use them as your everyday bank you get it, if you don't then fairplay Nationwide

  • @tommytinkler1708

    @tommytinkler1708

    Ай бұрын

    @@Goady1000 Incorrect, you have to have a savings account or mortgage to get the 100.

  • @Goady1000

    @Goady1000

    Ай бұрын

    @@tommytinkler1708 so everyday banking then? A current account and savings or mortgage, sounds like everyday banking to me.

  • @Narrowsplice

    @Narrowsplice

    Ай бұрын

    All you need is a current account and savings of more than £100 , hardly “full of hoops” lol

  • @tommytinkler1708

    @tommytinkler1708

    Ай бұрын

    @@Narrowsplice Unfortunately you have failed to read the deal correctly, in addition you have to hold a savings account or mortgage with a 100 in or owing along with a flex account etc to get the 100cash. A regular banker will not get the 100 if only holding a current account.