People need to switch their current account and meet certain requirements

Nationwide is offering the payment to those who switch their current account to its FlexAccount, FlexDirect or FlexPlus account as the Cost of Living crisis continues.

Nationwide has also launched a new offer of £175 to switch to its current account from Wednesday, for people switching through the Current Account Switch Service (Cass), subject to terms and conditions

Experts say millions of people miss out on free cash

Nationwide is offering the payment to those who switch their current account to its FlexAccount, FlexDirect or FlexPlus account - see below for full eligibility

First Direct and Nationwide are both offering the cash payments for your custom - and switching accounts is actually easier than you probably think

Customers who unwittingly transfer cash to con artists had been due to receive reimbursement of up to £415,000 under new rules coming in days.