iFAST Global Bank vs Nationwide: Switch Bonus Comparison
Nationwide offers the better net value at £200 vs £100 after fees.
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- Switch salary/pension via Bacs Direct Credit (not CASS)
- Receive at least 1 payment between 1 Feb – 30 Apr 2026
- No need to close existing account
- Full CASS switch required
- 2.65% AER on GBP balances
- Multi-currency accounts (USD, EUR, HKD)
- Early salary access (1 business day before payday)
- 5% AER on up to £1,500 for 12 months (FlexDirect)
Verdict: iFAST Global Bank vs Nationwide
Nationwide offers the higher switch bonus at £200 vs £100.
Nationwide has fewer requirements (1 vs 3), making it simpler to qualify.
iFAST Global Bank comes with more perks (3 vs 1), including things like 2.65% aer on gbp balances.
Frequently Asked Questions
Which has the higher switch bonus, iFAST Global Bank or Nationwide?
Nationwide currently offers the higher bonus at £200, compared to £100 from the other bank.
Can I switch to both iFAST Global Bank and Nationwide?
Yes, you can switch to both banks, but you need to do them one at a time using the Current Account Switch Service (CASS). Complete one switch, wait out the cooling-off period, then switch again to the second bank.
How long is the cooling-off period for iFAST Global Bank and Nationwide?
The cooling-off periods are: Nationwide: 12 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, iFAST Global Bank or Nationwide?
Both banks use the Current Account Switch Service (CASS), which makes the process straightforward. The main differences are in specific requirements like minimum pay-in amounts, number of direct debits, and whether you need to use their app. Check the requirements comparison above for full details.