M&S Bank vs Nationwide: Switch Bonus Comparison
Nationwide offers the better net value at £175 vs £0 after fees.
- Full CASS switch required
- £1,000 deposit within 31 days
- 1 debit card transaction
- EXPIRED — closed 4 March 2026
- 5% AER on up to £1,500 for 12 months
Verdict: M&S Bank vs Nationwide
Nationwide comes with more perks (1 vs 0), including things like 5% aer on up to £1,500 for 12 months.
Frequently Asked Questions
Which has the higher switch bonus, M&S Bank or Nationwide?
Currently only Nationwide has an active switch bonus. M&S Bank does not have an active offer at this time.
Can I switch to both M&S 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 M&S 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, M&S 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.