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Wales Online
3 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
3 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
3 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.
Wales Online
3 days ago
- Business
- Wales Online
Nationwide confirms £100 payment to land in bank accounts within days - full list of who is eligible
Nationwide confirms £100 payment to land in bank accounts within days - full list of who is eligible The building society is set to hand out a total of £400 million to four million customers in the latest round of its Fairer Share scheme. This is what you need to know Nationwide customers are in for another round of bonus payments as profits soar (Image: Alan Morris via Getty Images ) 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. The bonus cash forms part of Nationwide's Fairer Share scheme, which redistributes the company's profits back to its customers. 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. Those who have mortgages must have at least £100 of payment pending on March 31, 2025. For money-saving tips, sign up to our Money newsletter here Nationwide sent those eligible an email or letter last month. Article continues below 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. Article continues below 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.
Scottish Sun
24-05-2025
- Business
- Scottish Sun
Exact date in DAYS millions of Nationwide customers will find out if they'll get £100 free cash
See below for what you can do if you don't qualify for the £100 CASH BOOST Exact date in DAYS millions of Nationwide customers will find out if they'll get £100 free cash Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) MILLIONS of Nationwide customers will find out in days whether they qualify for a free £100 payment. The building society is set to confirm whether it will issue its third successive Fairer Share payment. Sign up for Scottish Sun newsletter Sign up 1 Nationwide is set to announce whether it will issue a Fairer Share payment for 2025 Credit: PA The bank made payments to millions of customers in 2023 and 2024 and is likely to do the same again this year. However, it will not 100% confirm whether the cash will be issued until May 29, when it releases its full-year results. Nationwide confirmed it would issue the previous two Fairer Share payments in May and then made them in June. Last year, it paid out a total of £385million to 3.85million customers and the year before £340million to 3.4million people. In December, the building society's boss said it was "well-positioned" to make the payment for a third time in 2025. It's worth bearing in mind, the £100 Fairer Share payment is separate to the £50 issued to around 12million Nationwide customers between April 9 and May 14. Who qualifies for the Fairer Share payment? Nationwide hasn't confirmed what the eligibility criteria is for the 2025 Fairer Share payment because it hasn't confirmed yet whether it is being issued. Assuming the payment is made this year and eligibility criteria remains the same as in 2024, you'll need to have done two things. You must have had: A qualifying current account and qualifying savings Or a qualifying current account and a qualifying mortgage. Switch bank accounts for free perks You will also need to have used your current account within the first three months of the year, so between January to March. But there are also additional requirements based on the type of current account you have. For example, those with a FlexPlus account need to have paid the monthly fee to maintain the account. Those with a FlexOne, FlexStudent or FlexGraduate account must have received at least one payment in or made one payment out of the account in March. Those with a Flex Account, Flex Basic and FlexDirect account must either have paid at least £500 into the account and made two payments out. Or, the same customers may also qualify if they made at least 10 payments out. Your savings account or cash ISA will qualify if you had a minimum of £100 in it "at the end of any day in March". A mortgage will qualify if you owed at least £100 on it. The full eligibility criteria for the 2024 payment can be found via What about if I'm not a Nationwide customer? The bad news is that if you're not with Nationwide, it's likely too late to switch to the building society to qualify for the £100 payment. However, even if you're not switching to Nationwide, it pays to do an audit of your bank accounts to make sure you're getting the most out of them. Make sure you're getting a competitive interest rate on your savings account as you could be earning more. Recent figures published by the Bank of England revealed around £280billion is sitting in accounts paying zero interest. Yes, some of this will be in current accounts, but it is likely there are people with money sitting in savings accounts paying little to no interest who could be getting more bang for their buck. You can shop around for the best savings accounts via comparison sites like or Meanwhile, if you're with a bank or building society that's not offering you the best service, you could switch to another and get a switching bonus. TSB, First Direct and Co-op are all offering up to £310 in free money for people choosing to move their current accounts across. First Direct's offer is only worth £175 but it does have a 92% customer service rating on compared to 38% for TSB and 45% for the Co-op, so factor that in if you are switching. How do I switch bank accounts? SWITCHING bank accounts is a simple process and can usually be done through the Current Account Switch Service (CASS). Dozens of high street banks and building societies are signed up - there's a full list on CASS' website. Under the switching service, swapping banks should take seven working days. You don't have to remember to move direct debits across when moving, as this is done for you. All you have to do is apply for the new account you want, and the new bank will tell your existing one you're moving. There are a few things you can do before switching though, including choosing your switch date and transferring any old bank statements to your new account. You should get in touch with your existing bank for any old statements. When switching current accounts, consider what other perks might come with joining a specific bank or building society. Some banks offer 0% overdrafts up to a certain limit, and others might offer better rates on savings accounts. And some banks offer free travel or mobile phone insurance with their current accounts - but these accounts might come with a monthly fee. Do you have a money problem that needs sorting? Get in touch by emailing money-sm@ Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
