Nationwide is paying people with £175 cash bonus to spend at Christmas and joint holders who move from the current providers can receive £350. Qualifying are those who switch from a non-nationwide account to FlexPlus, FlexDirect, or FlexAccount and those who switch within 28 days.
Individuals have to make a deposit of £1,000 which is not transferred from any Nationwide account and one debit card purchase in the initial 31 days of switching the account is mandatory to be eligible. Individuals who are receiving cash bonuses from Nationwide since August 18, 2021, are not eligible to get this benefit.
Nationwide Cash Bonus
As you know, we are so close to the Christmas season which is the most expensive festival of the year. According to the Building Society Report, almost 70% more people are worried and financially stressed about the upcoming Christmas than previous.
Nationwide has said that joint account holder customers can get up to £350 and individuals can receive up to £175 if they switch from the current provider.
Around over a quarter(26%) of people use second hand websites for Christmas shopping which are eBay, Depop, and Vinted. UK residents spend £813 average on different types of travel, entertainment, presents, food, etc, according to studies.
The included expenses are £90 for Alcohol, £105 for travel, £108 for entertainment (such as Santa visits and Christmas Eve boxes), £119 for self-indulgence, £137 for food, and £254 for presents. The complete method and requirements to claim a nationwide cash bonus is discussed below.
How much will be the Nationwide Cash Bonus?
The nationwide cash bonus which will help you to meet almost 22% of your average £813 Christmas expenses will be £175 for individuals. The joint account holders will be eligible to receive up to £350.
You can easily manage travel, shopping, meals, and giving through this financial support.
The aim behind this attractive incentive is to enhance the satisfaction and trust among customers for Nationwide. If you meet the necessary criteria then you will receive this bonus before Christmas to use it wisely.
Nationwide Cash Bonus Claim Requirements
Individuals must meet specific criteria to receive Nationwide Cash Bonus and this criterion is thoroughly discussed below.
- The first and foremost requirement is to switch your account with Nationwide to receive a cash bonus. The available switching account can be FlexPlus, FlexDirect, or FlexAccount and the switch must be complete within 28 days to be eligible.
- Customers need to deposit almost £1,000 in their Nationwide accounts in just 31 days after switching. The Nationwide debit card must be used for any purchase within 31 days after switching to qualify.
- If you are a customer of Nationwide who previously benefited from switching bonuses since 2021 are not qualified to get this cash bonus.
When will you receive the Nationwide Cash Bonus?
The Nationwide Cash Bonus will land in the customer’s bank accounts after meeting all switching and deposit requirements. Individuals will receive their cash bonus payment within 10 days after meeting all requirements. You have to act quickly if you want to receive this cash bonus.
Nationwide will send you a notification in which they will inform you about the arrival of your cash bonus so keep an eye on notification because it’s an easy way to check the status of your bonus. If you face any delay in your payment then you can assist nationwide customer service. They will inform you about the reasons for the delay and how you need to respond to it.
Benefit of Nationwide Cash Bonus
Nationwide will not only provide you with a cash bonus, you may also explore the features and benefits of Nationwide’s banking services. By providing this bonus, they are valuing their customers and in this competitive era, Nationwide maintains a customer base and it’s position as a good financial institution.
By knowing the timeline and other details of this bonus, you can easily manage your Christmas expenses. Christmas is a great financial stress for many UK residents and this cash bonus is available to reduce this stress.
The deposit and switching requirements of this cash bonus ensure that people are connected with Nationwide accounts actively to know the features of Nationwide deeply.