Ashley Harbor
On Tuesday, July 1, Nationwide Building Society launched a new incentive for students opening its FlexStudent current account, offering up to £280 in bonuses.
This generous package includes £100 cashback, £120 in Just Eat vouchers, and up to £60 in referral rewards.
The offer aims to attract new university students as they begin their higher education journey and manage their finances.
Let’s break down every detail of this exclusive Nationwide student bonus offer.
What Is the Nationwide FlexStudent Account?
The FlexStudent account is a student-focused current account tailored for individuals entering their first year of university.
It has consistently performed well, claiming more than a quarter of the student account market last year, according to Nationwide. The account offers benefits like:
- Interest-free, fee-free arranged overdrafts:
- Up to £1,000 in year 1
- Up to £2,000 in year 2
- Up to £3,000 in year 3
- Commission-free foreign purchases and cash withdrawals
- Monthly vouchers and referral perks
Nationwide £280 Bonus Breakdown
Here’s how students can unlock the full £280 bonus:
| Bonus Type | Amount | Details |
|---|---|---|
| Cashback | £100 | Deposit at least £500 by December 2025 |
| Just Eat Vouchers | £120 (£10/month) | Monthly for 12 months after becoming eligible |
| Referral Rewards (x2) | £40 (£20 x 2) | Refer two friends successfully – both referrer and referee get £20 each |
| Referral Bonus as New Joiner | £20 | Get £20 Just Eat voucher if referred by a friend |
| Total Bonuses | £280 | £100 + £120 + £40 + £20 |
How to Qualify for the £100 Cashback
To receive the £100 cashback, students must:
- Open a new FlexStudent account starting from July 1, 2025.
- Deposit a minimum of £500 into the account by December 2025. This can include a student loan instalment.
- Receive the cashback within 14 days of deposit.
Monthly Just Eat Vouchers Worth £120
Students will receive a £10 Just Eat voucher each month for the first 12 months their account is open. These vouchers:
- Will be issued within 14 days of becoming eligible.
- Can be used online at Just Eat UK.
- Require no additional spending or action after eligibility is confirmed.
Referral Bonus Scheme – Earn Extra Rewards
Nationwide’s referral program adds an easy way to boost your rewards:
- Refer up to two friends and earn £20 in Just Eat vouchers per referral.
- Your friends also receive a £20 voucher once they open and activate their account.
- Referred students can combine their welcome bonus with the referral reward.
FlexGraduate: Post-University Support
Another bonus for account holders is automatic eligibility for the FlexGraduate account after graduation.
This account is designed to ease the transition into post-university life, continuing the interest-free, fee-free overdraft to help graduates repay what they borrowed.
Step-by-Step: How to Apply
- Open a FlexStudent account via Nationwide’s website or in-branch.
- Deposit £500 into your account by December 2025.
- Start earning rewards – cashback, monthly vouchers, and referrals.
Nationwide’s generous £280 student offer provides excellent value for new university students in the UK.
From £100 cashback to Just Eat vouchers and referrals, it’s a smart way to kickstart your student finances. But act fast—applications are open now, and the December 2025 deadline is approaching.
FAQs
Who is eligible for the £280 Nationwide student offer?
Only first-year university students in the UK who open a FlexStudent account and meet deposit and referral criteria.
When will I receive the £100 cashback?
You’ll get the £100 cashback within 14 days after depositing at least £500 into the account before December 2025.
Can I get all the bonuses together?
Yes. If you are referred by a friend, deposit £500, claim the vouchers, and refer two more friends, you can receive the full £280.