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Offers Banks HSBC UK vs Nationwide Building Society

HSBC UK vs Nationwide Building Society switch offer

HSBC UK pays £220 for switching to the HSBC UK Bank Account; Nationwide Building Society pays £175 for the Nationwide FlexDirect. They differ on what you pay in, what else you must do, when it’s paid and who can get it.

Side by side

From each bank’s own terms. What differs comes first; what’s the same is folded below.

What HSBC UK Nationwide Building Society
Reward Pocketly counts differs£220£175
The bank’s total differs£220£175
Pay in differs£2,000£1,000
Card, salary or app differs£500 card spending1 card payment
When it’s paid differsPaid about 60 days after you meet the conditionsPaid about 10 days after you meet the conditions
Who can get it differsNo HSBC UK or first direct account since 2023No Nationwide or Virgin Money switching reward since 2021
Can’t share a plan with differsfirst direct, HSBC PremierAny of these
Same for all (2)
What HSBC UK Nationwide Building Society
Direct Debits22
Monthly feeNoneNone

Can I get both?

Pocketly can plan both, one after the other, if your accounts and cash allow it; it works out the order and when each pay-in is needed.

Check with your numbers

Compare up to three offers

Each bank’s page: HSBC UK · Nationwide Building Society. Planning tool, not financial advice; each bank’s live terms are final.