Latest news with #CurrentAccountSwitchService
Wales Online
4 days ago
- Business
- Wales Online
Nationwide to send out £100 to millions from today but warns some will miss out
Nationwide to send out £100 to millions from today but warns some will miss out Nationwide is paying out a third round of its Fairer Share payments between June 18 and July 4 in a boost to millions of customers - here's everything you need to know Nationwide is to send out £100 to millions of people (Image: jax10289 via Getty Images ) From today, millions of Nationwide bankers will begin to receive £100 bonus payments, however not every customer will get it. The building society is distributing a third round of its Fairer Share payments between June 18 and July 4. Eligible customers should have received an email or letter from Nationwide with the bonus being paid directly into your current account, so there's no need to apply for it. To qualify for the payment, you must hold a qualifying current account, as well as a savings account or mortgage with Nationwide. The exact qualifying criteria for each type of Nationwide current account can be found below. Your current account must have been opened on or before March 31, 2025. For savings accounts, you must have had at least £100 saved at the end of any day in March, 2025. Article continues below If you have a mortgage, you must have had at least £100 left to pay off on March 31, 2025. Nationwide will distribute a total of £400 million to four million customers after its statutory profit before tax rose to a record £2.3 billion, reports the Mirror. This follows a separate £50 thank you bonus that Nationwide paid out to customers earlier this year following the Virgin Money takeover. Debbie Crosbie, Nationwide's Chief Executive, said: "Nationwide has had an outstanding twelve months. "We returned a record £2.8 billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances, and we remain first for customer service." Nationwide Fairer Share - qualifying current accounts Here is the additional qualifying criteria for each Nationwide current account: Article continues below FlexOne, FlexStudent or FlexGraduate: You must have received at least one payment in, or made one payment out of your account, during March, 2025. This does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025, and March 31, 2025. You must have received at least one payment in, or made one payment out of your account, during March, 2025. This does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025, and March 31, 2025. FlexAccount, FlexDirect or FlexBasic: In two of the three months of January, 2025, February, 2025, and March, 2025, you must have received at least £500 into your current account, not including transfers from other Nationwide accounts and have made at least a set number of payments out of your current account. Again, this does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025, and March 31, 2025. In two of the three months of January, 2025, February, 2025, and March, 2025, you must have received at least £500 into your current account, not including transfers from other Nationwide accounts and have made at least a set number of payments out of your current account. Again, this does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025, and March 31, 2025. FlexPlus: Pay the monthly fee for maintaining the account.
Daily Mirror
4 days ago
- Business
- Daily Mirror
Nationwide £100 bonus payments being made to millions of customers from today
Nationwide is paying out a third round of its Fairer Share payments starting today - you can find out exactly who is eligible and when you can expect to be paid by below Millions of Nationwide customers will start to receive £100 bonus payments from today. The building society is paying out a third round of its Fairer Share payments between June 18 and July 4. If you are eligible for the cash, you should have received an email or letter from Nationwide. It will be paid directly into your current account, meaning you don't need to apply for it. In order to get the payment, you need to have a qualifying current account, plus a savings account or mortgage with Nationwide. You can find out the exact qualifying criteria for each type of Nationwide current account below. Your current account must have been opened on or before March 31, 2025. For savings accounts, you must have had at least £100 saved at the end of any day in March 2025. Get banking advice and deals straight to your WhatsApp! As banks market their latest switch offers and savings accounts, the Mirror has launched its very own Money WhatsApp community where you'll get all the latest banking advice and money-saving tips straight to your phone. We'll send you the latest breaking updates and exclusives all directly to your phone. Users must download or already have WhatsApp on their phones to join in. All you have to do to join is click on this link, select 'Join Chat' and you're in! We may also send you stories from other titles across the Reach group. We will also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose Exit group. If you're curious, you can read our Privacy Notice. If you have a mortgage, you must have had at least £100 left to pay off on March 31, 2025. The building society will pay out £400million in total to four million customers after its statutory profit before tax rose to a record £2.3billion. It comes after Nationwide paid out a separate £50 thank you bonus to customers earlier this year following the Virgin Money takeover. Debbie Crosbie, Nationwide's Chief Executive, said: 'Nationwide has had an outstanding twelve months. We returned a record £2.8billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances, and we remain first for customer service.' Nationwide Fairer Share - qualifying current accounts Here is the additional qualifying criteria for each Nationwide current account: FlexOne, FlexStudent or FlexGraduate: You must have received at least one payment in, or made one payment out of your account, during March 2025. This does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025 and March 31, 2025. FlexAccount, FlexDirect or FlexBasic: In two of the three months of January 2025, February 2025 and March 2025, you must have received at least £500 into your current account, not including transfers from other Nationwide accounts and have made at least two payments out of your current account, or you must have made at least ten payments out of your current account. Again, this does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025 and March 31, 2025. FlexPlus: Pay the monthly fee for maintaining the account.
Yahoo
5 days ago
- Business
- Yahoo
Nationwide announces date £100 bonus payments will arrive in accounts
Millions of Nationwide customers will start receiving a £100 bonus payments this week. The building society is poised to distribute a total of £400 million amongst four million customers, reports WalesOnline. The bonus cash forms part of Nationwide's Fairer Share scheme, which redistributes the company's profits back to its customers. READ MORE: Arrival of £200 cost of living payments and who'll be eligible this time around Get breaking news on BirminghamLive WhatsApp, click the link to join The funds will be directly deposited into customers' Nationwide current accounts between 18 June and 4 July. To be eligible for the payment, customers must hold a current account with Nationwide, as well as either a savings account or mortgage. The specific qualifying criteria for each type of Nationwide current account can be found below. Current accounts must have been opened on or prior to March 31, 2025 whereas savings accounts must have had at least £100 saved at the end of any day in March 2025. Nationwide sent those eligible an email or letter last month. This announcement comes on the heels of a 30% increase in annual profits for Nationwide following its acquisition of Virgin Money. Pre-tax profits climbed to £2.3 billion for the year ending 31 March, up from £1.8 billion the previous year. However, on an underlying basis, pre-tax profits dipped to £1.9 billion from £2 billion, as Nationwide stated it had prioritised offering competitive interest rates to its customers. Nationwide, the UK's largest building society, recently announced an unprecedented profit of £3.1billion. Earlier in the year, members celebrated a one-off £50 bonus, following its acquisition of Virgin Money. Nationwide's financial success has resulted in a series of generous rewards for its members. The previous year saw 3.85 million eligible members sharing a total of £385million after Nationwide reported £2billion in profits. Nationwide's Chief Executive, Debbie Crosbie, said: "Nationwide has had an outstanding twelve months. "We returned a record £2.8billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances, and we remain first for customer service." The announcement confirmed that the bonus is set to be paid from tomorrow, June 18 to Friday, July 4 for those meeting the eligibility criteria. Listed below are the qualifying requirements for each Nationwide current account: FlexOne, FlexStudent or FlexGraduate: You must have received at least one payment in, or made one payment out of your account, during March 2025. This does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025 and March 31, 2025. FlexAccount, FlexDirect or FlexBasic: In two of the three months of January 2025, February 2025 and March 2025, you must have received at least £500 into your current account, not including transfers from other Nationwide accounts and have made at least two payments out of your current account, or you must have made at least ten payments out of your current account. Again, this does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025 and March 31, 2025. FlexPlus: Pay the monthly fee for maintaining the account.
Daily Mirror
12-06-2025
- Business
- Daily Mirror
Martin Lewis MSE names 5 major banks offering Brits free £175 bonus
Martin Lewis' MSE website has revealed how cash-strapped Brits can earn up to £200 for simply opening a new bank account, as five major lenders continue to offer lucrative incentives Brits are being urged to make the most of lucrative bank bonuses worth up to £200 - and they aren't just for new customers. If you're still feeling the financial wrath of 'Awful April', which saw a slew of household bills spiral, moving banks could help alleviate some of the pressure. It might sound too good to be true, but many high-street lenders actually offer huge incentives for new (and sometimes even existing) customers to lure them in. Often, this includes free cash bonuses, often referred to as legal bank 'bribes', or perks such as access to cashback deals, 0 per cent overdrafts, and high interest rate savings accounts. However, there will always be a slew of criteria customers need to meet in order to be eligible for the rewards. READ MORE: Tesco introduces huge Clubcard perk in car parks but there's a catch Martin Lewis ' MSE website states there are currently five banks offering switch bonuses this month, with one particular lender offering a hefty £200 free bonus. "Switching's usually quick and easy," MSE states. "In Martin's recent social media poll, 90 per cent of the 5,500 who'd switched said it was easy and hassle-free." First Direct - free £175 As previously reported, First Direct is currently offering newbies £175 if they open up an account using the Current Account Switch Service. Within 45 days of opening the account, you'll need to transfer at least two Direct Debits or standing orders, deposit £1,000, make five or more debit card payments, and log on to digital banking. First Direct is also offering a £250 interest-free overdraft (subject to status) and access to its 7.00 per cent AER/gross Regular Saver account. However, this offer is only available to new customers - and excludes those who have previously held a First Direct product or those who have opened an HSBC current account on or after January 1, 2018. Co-op Bank - free £100 The Co-operative Bank is still offering £100 for new customers, as long you deposit £1,000, have two or more Direct Debits, you register for online/mobile banking, and make at least 10 debit card transactions within the first 30 days of switching. Co-op warns that deposits or transactions made prior to the switch completion will not count towards the £100 criteria. You can also get £25 for three months (worth £75) by continuing to actively use your current account. This requires customers to deposit £1,000 or more, make ten or more card or digital wallet transactions, and have two active Direct Debits. If you do not meet the eligibility criteria for one of the months, you can still meet it in one of the following months. TSB - free £100 TSB is another bank offering newbies a £100 welcome bonus for completing a full switch to their Spend and Save account. You'll need to log into the TSB Mobile Banking App and make at least five payments on your debit card before July 19, 2025, to earn the bonus (which will be paid between August 2-16, 2025). Customers can also earn £15 cashback each month for up to six months, which is worth a whopping £90. To qualify for this separate bonus, you'll need to make 20 or more debit card payments in a calendar month (pending payments don't count) and the cashback will be paid into your account the next calendar month. Get the best deals and tips from Mirror Money WHATSAPP GROUP: Get money news and top deals straight to your phone by joining our Money WhatsApp group here. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. Santander - free £180 Santander is offering customers using the Current Account Switch Service £180 when opening up a Santander Edge current account. Similar to the other banks, you'll need to have at least two Direct Debits and pay in £1,500 within 60 days of submitting your initial switch request. The generous offer isn't available for anyone who has held a current account with Santander on January 1, 2025, or if you've previously made use of a Santander switcher incentive. However, there is a big catch with this account, as you will have to pay in £3 per month to maintain it, and need to pay in £500 into your account each month. Still, with one per cent cashback on energy bills, council tax, broadband, TV, mobile and water bills (maxed at £10 per month) it could still be worth paying for the account. According to MSE, Santander is also offering one per cent cashback on supermarket, fuel and train spending. This is capped at £10 per month and is only valid until September 9, 2025. Nationwide - free £200 Arguably saving the best until last, Nationwide is offering a whopping £200 for those opening a Nationwide FlexDirect account. However, this freebie is only for those who already have a Nationwide personal savings account (including cash ISAs) or residential mortgage who are switching a different current account from another bank. You'll need to be a qualifying member as of March 31, 2025, have at least two Direct Debits, pay in at least £1,000 and make one debit card payment within the first 31 days of opening the account. *This article does not constitute financial advice. Always read the full terms and conditions before moving bank accounts.
Scottish Sun
31-05-2025
- Business
- Scottish Sun
Major bank giving away £180 free cash – here is how you can get your hands on it
Read on to learn about other banks giving away free cash BANK ON IT Major bank giving away £180 free cash – here is how you can get your hands on it Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A MAJOR bank is giving away £180 free cash - here is how you can get your hands on it. Santander has launched a new switching incentive to lure customers. Sign up for Scottish Sun newsletter Sign up 1 Santander has launched a new switching offer Credit: Getty The bank is offering the cash to new customers who open an eligible current account with the high street lender. That includes the bank's fee free Everyday Current Account. As part of the deal, customers will receive £180 within 90 days of making the switch. But there are some requirements to get the cash. For starters, customers need to pay £1,500 into the account within 60 days. This does not have to be deposited all at once. Customers must also set up two active household Direct Debits on the new account. This can include your council tax, mobile phone, home phone, broadband, paid-for TV packages, water, gas and electricity bills. If you are interested, you will need to make the switch by using the Current Account Switch Service (CASS). CASS helps people switch their current accounts by handling the move for free, including moving balances and payments to the new account and closing the old one. It is a free service and helps move customers' balance, direct debits and salary over in seven days. Switch bank accounts for free perks Existing Santander customers may also be eligible for the free cash. Customers might still qualify for the incentive if they opened an account after January 1 2025. The bank can switch a current account existing customers hold at another bank to their Santander current account. Although the offer is enticing, it always pays to read through the full terms and conditions and ensure the available accounts match your banking needs. OTHER SWITCHING OFFERS TSB is giving new customers who switch to the high street bank a £100 switching incentive. You get the £100 upfront but if you spend on you debit card for 20 times in the first six months you get a £15 a month cash back. Co-op bank is also paying £175 to new customers. Meanwhile, Nationwide is giving existing customers a £100 cash boost. This is part of Nationwide's Fairer Share programme, which set out to reward customers who bank with the lender or meet certain lending criteria. The payment goes to members who bank with Nationwide regularly. Those who have a savings account or mortgage product could also qualify. It will be paid directly into customers Nationwide current account between June 18 and July 4.
