Current account switchers may still be eligible to get a £200 boost from Nationwide Building Society, despite the incentive having ended last month.
The building society is reminding customers that they could “still get” the offer, although strict criteria apply.
To qualify, switchers must have applied to switch their bank account to Nationwide on or before December 21, and meet the terms and conditions.
They also need to use the building society’s Internet Bank to switch a current account held with another provider to a FlexAccount, FlexPlus or FlexDirect current account.
Nationwide launched the £200 offer in September last year
NATIONWIDE BUILDING SOCIETY
Alternatively, they must open one of these accounts online and switch a current account held with another provider to that account as part of the account application.
Customers must complete a full account switch from a current account held with another provider using the Current Account Switch Service.
The account with the other provider must be closed and manual and partial switches do not count.
Other rules include the transferral of a minimum of two active Direct Debits from the current account being switched to the Nationwide account.
The switch needs to be completed within 60 days of it being requested.
The £200 will be paid within 10 calendar days of the full switch completion.
Nationwide launched the £200 offer in September last year, as well as a new regular savings account which is exclusively for current account customers.
The Flex Regular Saver pays a market-leading eight per cent AER/gross pa.
LATEST DEVELOPMENTS:
Savers can deposit up to £200 a month in the account for 12 months.
Nationwide currently offers six types of current accounts.
This includes the fee-free account FlexDirect for people who only bank online or over the phone.
The FlexDirect account pays five per cent AER (4.89 per cent gross a year) in-credit interest fixed for 12 months on balances up to £1,500.
Customers will need to pay in at least £1,000 a month.
