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Nationwide has been offering £175 at no cost to customers who register for its newest switching programme. The building society is rewarding customers who transfer their accounts via its Current Account Switch Service.

Customers had until September 18 to register and may also qualify for additional perks from the institution, including the £100 Fairer Share Payment. During the previous year, Nationwide distributed more than £1 billion to qualifying members via its £100 Fairer Share Payment and Big Nationwide Thank You payment, whilst this year it has allocated over £400 million through Fairer Share.

The nation's largest building society has attracted a net 1.03 million new customers since the Current Account Switch Service began in 2013 – nearly four times more than its closest

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