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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.
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Scotsman
03-06-2025
- Business
- Scotsman
Major UK bank to pay £100 free to millions of customers
The bank is rewarding millions of customers with a surprise £100 bonus this summer 💷 Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Nationwide is giving £100 to 4 million customers as part of its annual Fairer Share scheme No need to apply – the money will be paid automatically between 18 June and 4 July You must have had a Nationwide current account on March 31, 2025 and used it between January and March You also need £100+ in savings or a mortgage with Nationwide during March 2025 Watch out for scams – you don't need to click any links, share details, or 'claim' the cash A major UK bank is handing out £100 to millions of customers – no strings, no applications, just cash. Nationwide is dishing out £400 million as part of its Fairer Share scheme, rewarding four million current account holders who also save with it or have a mortgage Advertisement Hide Ad Advertisement Hide Ad This is the third year in a row it's done this, after reporting huge annual profits of £2.3 billion for the year to 31 March 2025. So if you're eligible, £100 will land directly in your Nationwide current account between Wednesday, June 18 and Friday, July 4, showing up as a 'Nationwide Fairer Share Payment'. No action needed – just don't close your account before then, or you'll miss out. Here is everything you need to know about it. (Photo:) | Getty Images Who is eligible? Not everyone with a Nationwide account qualifies. You need to have had a Nationwide current account on 31 March 2025, and used that account between January and March 2025. What counts as account 'use' depends on the account type: Advertisement Hide Ad Advertisement Hide Ad Account type Activity that qualifies FlexAccount, FlexBasic, FlexDirect EITHER: Paid in £500 and made 2+ outgoing payments in two of the three months OR Made 10+ outgoing payments in two of the three months OR Switched to Nationwide during that period FlexOne, FlexGraduate, FlexStudent EITHER: Any payment in or out in March OR Switched to Nationwide (FlexOne/FlexStudent only) between Jan–Mar FlexPlus (packaged account) Just paying the monthly fee counts as activity Note that for all account types, outgoing payments can include Direct Debits, debit card use, standing orders, and bank transfers (not to your own Nationwide accounts). To qualify for the £100, you'll also had to have had at least £100 in savings with Nationwide on any day in March, or owed at least £100 on a Nationwide mortgage on 31 March. How to claim your £100 payment If you're eligible, Nationwide should have contacted you by Friday 30 May via email or post. Advertisement Hide Ad Advertisement Hide Ad But if you have heard anything, you can also log in to online banking, use Nationwide's eligibility checker, or ask via its live chat. Note that you don't need to do anything to get the £100. It'll be paid automatically. So ignore any texts, calls, emails or social media messages asking you to 'claim' the money – these are scams. Is the £100 taxable? Yes – but most people won't pay tax on it. The £100 is classed as savings income, treated the same as interest. Most people won't pay tax due to the Personal Savings Allowance (£1,000 for basic-rate taxpayers). But higher-rate taxpayers or those with large non-ISA savings might owe tax. Advertisement Hide Ad Advertisement Hide Ad If you don't file a tax return, there's no action needed – HMRC will be automatically informed. But if you file a yearly self-assessment, you'll need to declare the £100 in your return. Those receiving Universal Credit should be aware that the Department for Work and Pensions (DWP) has confirmed that the £100 counts as capital. That only matters if it pushes your total savings over £6,000 (joint savings count for couples). If it does, you'll need to report it.
