Nationwide's Giving Back: A £50 Thank You!
Hey everyone! Did you hear? Nationwide Building Society is handing out a whopping £600 million – that’s six hundred MILLION pounds – as a “thank you” to its 12 million members! It’s all tied to their recent acquisition of Virgin Money. And guess what? Eligible members are getting a £50 bonus!
Who Gets the £50?
So, how do you snag your £50? Well, you had to be a Nationwide member by September 30th, 2024, and meet at least one of these conditions:
- Made at least one transaction on your account.
- Kept a minimum balance of £100 across your accounts.
- Had at least £100 owed on a Nationwide mortgage.
- Switched to Nationwide using CASS sometime between July 1st and September 30th, 2024.
If you qualify, the money will pop into your current account, instant-access savings, limited-access savings, or even your mortgage direct debit account – wherever's easiest for Nationwide to reach you.
When's the Money Arriving?
Nationwide’s aiming to get that £50 into your account between April 9th and May 14th, 2025. They’re letting eligible members know by March 20th, 2025, so keep an eye on your inbox (and maybe your junk folder, just in case!). The payment will be marked "The Big Nationwide Thank You," so you can’t miss it.
Why the Generous Gift?
CEO Debbie Crosbie explained it as a way to show appreciation for Nationwide’s members. She said it's because their loyalty and support have helped build Nationwide into such a strong financial institution, making the Virgin Money deal possible. This merger, by the way, has catapulted Nationwide into the position of second-largest mortgage and savings provider in the UK. Pretty impressive!
More Than Just £50?
This £50 bonus is completely separate from Nationwide’s Fairer Share Payment. They’re hoping to announce another Fairer Share Payment in May 2025, but that’s all dependent on how things go financially. It really shows Nationwide's commitment to rewarding its members, which is pretty cool.
So, check your eligibility and get ready for a little early Easter treat!
