Could £100 Be Dropping into Your Nationwide Account Soon?
The Buzz Around Nationwide's Fairer Share Bonus
So, here's the deal: Millions of us Nationwide customers are practically bouncing off the walls! Remember that awesome "Fairer Share" bonus Nationwide's been handing out? Yeah, that £100 windfall? It might be happening again next month. I know, right? Let's dive into what we know – and what we *don't* know – about this year's bonus.
What's the Scoop on This Year's Bonus?
For the past couple of years, Nationwide has been sharing the love (and the profits!) with its members. It’s a pretty sweet deal – they basically reward us loyal customers for using their accounts and services. They haven't officially confirmed the 2025 bonus yet, but they did drop some hints earlier this year that they were hoping to keep the tradition going. And we're expecting an announcement any day now. Last year, the announcement came in May, with the bonus hitting accounts in June. Think of it like a little early summer surprise!
Key Dates to Remember:
- The Big Announcement: Nationwide's Board will make the call on May 29th, when they reveal their full-year results. Fingers crossed!
- Potential Payday: If it's a go, we're looking at a June payout – just like last time.
Last year, nearly 4 million Nationwide members snagged that £100. To be in the running, you generally need a qualifying current account and either a qualifying savings account or a Nationwide mortgage. Nationwide usually checks eligibility around March 31st.
How to Boost Your Chances of Getting the Bonus
Okay, let's be realistic: there are no guarantees. But Money Saving Expert (MSE) has some tips to improve your odds. Think of it as boosting your chances in a friendly competition!
- Keep That Account Active: Make sure your account's open and active until at least March 31st, 2025. Don't let it gather dust!
- Regular Transactions Matter: The exact requirements depend on your account type. For FlexAccount, FlexBasic, and FlexDirect accounts, you might need to deposit at least £500 over the first three months of 2025 and make a couple of payments. Or, alternatively, make 10 or more payments. Other accounts have their own rules – check your statements or Nationwide's website.
- Maintain Those Minimums: It's likely you'll need at least £100 in savings or owe at least £100 on a Nationwide mortgage by March 31st, 2025.
Important Note: Everything above is based on past years. Nationwide might tweak things this year, so always double-check their official announcements for the most accurate info.
Don't Forget the £50 Thank You!
In case a £100 bonus wasn't enough good news, Nationwide also recently sent out a separate £50 thank you payment to many members after acquiring Virgin Money. This was for people who met specific criteria as of September 30th, 2024. If you haven't received it yet, check your account, or get in touch with Nationwide.
The Bottom Line
A potential £100 bonus from Nationwide? That's exciting news! While we wait for the official word, it's worth making sure your account is in tip-top shape. Keep your eyes peeled on Nationwide’s website and Money Saving Expert for updates. Good luck everyone!
