Martin Lewis urges Nationwide to complete steps for free £275 payment

Martin Lewis and his Money Saving Expert team have shared details of how to get a free £275 from Nationwide. The BBC Sounds podcast host's team at MSE, which the 52-year-old put together, have shared an update over the potential for free £100 Nationwide bonus payments.

And there's still a free £175 offer for switchers - meaning you could get £275. "For the past two years Nationwide has given some existing customers a £100 'Fairer Share' bonus. It’s likely, though not guaranteed, to do the same again this year," MSE said.

"In previous years, the scheme has been announced in May and paid in June, though whether you got it depended on if you met the qualifying criteria in the first three months of the year – so now's the perfect time to maximise your chances."

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To max your chances, use your current account in the first three months of this year. For those with a FlexAccount, FlexBasic, FlexDirect you MUST either, in two of the first three months of the year, pay IN at least £500 (this could be your salary, for example) AND make two payments OUT of your account; OR in two of the first three months of the year, make 10 or more payments OUT of your account.

Ensure you have at least £100 in savings OR owe at least £100 on a mortgage with Nationwide in March 2025, too. MSE added that Nationwide currently pays newbies switching to its FlexDirect account a FREE £175, plus 5% interest on up to £1,500 held in the account and up to £5 a month cashback on debit card spending for a year.

Switch to Nationwide FlexDirect by 31 March 2025. You must use the official Current Account Switch Service by requesting the switch through Nationwide (you'll see the option to do this when applying). Then stick £100 (or £200 to be even safer) into a Nationwide savings account OR owe at least £100 on a Nationwide mortgage in March 2025.