2 weeks Ago
Nationwide has revealed who will qualify for its new £50 bonus payment, while will be paid to millions of customers, and the exact date it will be paid by. The payout is part of the building society's Big Nationwide Thank You, and reflects the purchase of Virgin Money. To say thank you, the website confirms they're giving over 12 million members £50 each - more than £600 million in total - on April 30 2025.
To qualify, you must have been a Nationwide member on September 30 2024. And still be a member on April 30 this year. In the 12 months to the end of September 2024, members must also have: You also met the requirements if you completed a switch to any Nationwide current account.
You just had to do so between 1 July 2024 and 30 September 2024 using the Current Account Switch Service. A statement on the Nationwide website says: "We're writing to members who will receive the payment. If you think you're eligible and haven't heard from us by 20 March 2025, there are ways you can Check if you’re eligible .
" Recommended reading: How does the £50 Nationwide bonus get paid? For most people it will go directly into a current account, instant access or limited access savings account. The payment should arrive by 30 April 2025. If they can't, and you have a mortgage with them, they will pay £50 into the bank account used to pay your mortgage Direct Debit.
As long as the account is in your name, the payment should arrive by April 30 2025. All other payments will be made by cheque. Cheques will be sent by May 14 2025.
They must be paid in by 1 January 2026 to make sure you don't miss out on the payment. Yes, The Big Nationwide Thank You is in addition to the Fairer Share Payment. "We would like to make another Fairer Share Payment this year" the website says.
"This will depend on how we perform financially. We'll announce our decision when we publish our results for the 2024/25 financial year.".
