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Nationwide Bonus: Have You Got Yours?
Millions of Nationwide Building Society customers have already received a £50 bonus as a "Big Thank You" following the Virgin Money acquisition. But for some, the money is still on its way! This article breaks down everything you need to know about the Nationwide £50 bonus payment and what to expect.
The £50 Bonus: What You Need to Know
Nationwide's £50 bonus payment, announced in March, is a thank you to its over 12 million members. Most received their money directly into their accounts over the past few weeks. However, the final payments are being sent via post as cheques.
- Who got the bonus? Most Nationwide members who were members by September 30, 2024, and still are, received the bonus. You also needed at least one qualifying transaction, £100 in your account, a mortgage balance of at least £100, or a current account switch during the qualifying period.
- How was it paid? The majority of payments went directly into eligible Nationwide current accounts or savings accounts by April 30th. For mortgage holders, the bonus was paid into the account used for mortgage direct debits, also by April 30th.
- What about the cheques? The final payments are being sent by cheque to those Nationwide couldn't pay directly. This mostly includes customers who only have a mortgage with Nationwide and those without a Nationwide current or savings account. These cheques were mailed out by May 14th.
- Can I pay a cheque into a non-Nationwide account? Yes! Nationwide confirmed that you can deposit the cheque into any current account in your name.
- Important Deadline: Cheques must be cashed by January 1, 2026.
Need to check if you're eligible? Contact Nationwide directly or check their website for eligibility criteria.
The Fairer Share Payment: What's Next?
Separate from the £50 thank you bonus, Nationwide also offers its annual Fairer Share Payment. This bonus distributes a portion of the building society's profits to its members. In 2024, four million members received a £100 bonus.
- Will there be a 2025 Fairer Share Payment? Nationwide's board will decide based on their financial performance. The announcement will be made on May 29, 2025.
- What are the eligibility criteria? Past Fairer Share Payments required a qualifying current account, along with either a qualifying savings account or mortgage. The specific requirements may vary each year. Check the Nationwide website for the latest information.
- When would the payment be made? If approved, payments are typically issued in June.
Keep an eye on Nationwide’s website and social media channels for official announcements regarding the 2025 Fairer Share Payment.
Conclusion: Stay Alert for Your Bonus
Whether you're checking for your £50 thank you bonus or eagerly anticipating the potential £100 Fairer Share Payment, keep your eye on your post and your Nationwide account! Both bonuses offer a chance to receive extra cash from your bank. Don't miss out!
