Latest news with #Nationwide
North Wales Chronicle
18 hours ago
- Business
- North Wales Chronicle
Nationwide £100 Fairer Share bonus payments start today
To qualify for the payout, your Nationwide account must have been active on 31 March 2025 and any additional requirements depend on the type of current account you had on that date. A statement on the Nationwide website says: "You must be a member of Nationwide with a qualifying current account, plus either qualifying savings or a qualifying mortgage. And you need to have met these criteria when we last checked on 31 March this year. "Eligible members will receive their £100 payment between 18 June and 4 July 2025. We will only pay the money into an open Nationwide current account." You can check your eligibility here. How does the £100 Nationwide bonus get paid? For most people it will go directly into a current account, instant access or limited access savings account. The payment should arrive by July 4 2025. The website says: "We will pay the money into your Nationwide current account by electronic transfer. If you hold more than one current account with us, we may pay the money into any of those accounts. Recommended reading: "We will pay the money into an account in your sole name if you have one and will pay it into a joint account if you do not. "The payment will appear on your current account statement as Nationwide Fairer Share Payment. "We will not make the payment in any other way and if you do not have an open Nationwide current account when we try to make the payment, you will not be eligible to receive it."
Yahoo
a day ago
- Business
- Yahoo
Some people with learning disabilities struggling to access banking
Some adults with learning disabilities could be raising their risk of financial harm due to struggles to access banking services, a report has warned. Informal workarounds are being used to help some people with a learning disability to get by financially, including handing over Pins to others and allowing family members to impersonate them on the phone. The research was published by Project Nemo – a not-for-profit campaign for disability inclusion in banking and financial technology – and sponsored by Nationwide Building Society. Around a third (32%) of adults with a learning disability who took part in the research did not have their own bank account. Some of those who took part in the research said they struggle with passwords or logins, or find it difficult to talk to bank staff, or find security checks hard to complete. The report also argued that the general shift away from payments made using coins and banknotes may have left vulnerable people behind. The report recommended that financial technology developers and financial services providers should include clear and simple language in banking features, with visual explanations where possible. The ability to intercept 'risky' purchases could also help to bolster people's independence, the report said. Features for products should include savings pots, a calm mode to reduce overwhelm, and wearable alternatives to payment cards, researchers suggested. Researchers carried out in-depth interviews as well as a survey of more than 1,600 people who identified as having a characteristic of vulnerability. Kris Foster, co-founder of Project Nemo, urged banks to 'break down the existing barriers'. Kathryn Townsend, Nationwide's head of customer vulnerability and accessibility, said: 'Everyone deserves to manage their money with confidence, dignity and independence.' Jon Sparkes, chief executive of charity Mencap, said: 'People with a learning disability tell us that they can struggle to make payments safely because of complex banking systems, inaccessible payment options and a lack of 'easy read' information. 'Because of these barriers, many worry about being more vulnerable to financial abuse and not being able to spend their money in the way they want to. Project Nemo's work is a hugely important step towards ensuring the 1.5 million people with a learning disability across the UK can make their financial choices safely and independently.' A spokesperson for trade body UK Finance said: 'The banking and finance industry is committed to helping all customers. Firms offer a range of services to help support customers with learning disabilities, and we encourage people to contact their bank to discuss the options available. The industry also works with various third sector organisations to help them understand challenges customers face and improve accessibility. 'To ensure cash access is still available for all, customers are able to withdraw and deposit money in banking hubs and post offices across the UK.' UK Finance also released a report on Thursday into progress made by banks following the introduction of the Disability Finance Code for Entrepreneurship (DFCE) in December 2024, which aims to improve the entrepreneurial landscape for people with disabilities. The code sets out commitments to further widen opportunities for disabled entrepreneurs, including providing people with accessible and practical support, such as mentoring and networking events. The report said banks' initiatives include establishing specific teams dedicated to disability inclusion, with a focus on tracking and supporting people who identify as having a disability.
South Wales Argus
a day ago
- Business
- South Wales Argus
Nationwide £100 Fairer Share bonus payments start today
To qualify for the payout, your Nationwide account must have been active on 31 March 2025 and any additional requirements depend on the type of current account you had on that date. A statement on the Nationwide website says: "You must be a member of Nationwide with a qualifying current account, plus either qualifying savings or a qualifying mortgage. And you need to have met these criteria when we last checked on 31 March this year. "Eligible members will receive their £100 payment between 18 June and 4 July 2025. We will only pay the money into an open Nationwide current account." You can check your eligibility here. How does the £100 Nationwide bonus get paid? For most people it will go directly into a current account, instant access or limited access savings account. The payment should arrive by July 4 2025. The website says: "We will pay the money into your Nationwide current account by electronic transfer. If you hold more than one current account with us, we may pay the money into any of those accounts. Recommended reading: "We will pay the money into an account in your sole name if you have one and will pay it into a joint account if you do not. "The payment will appear on your current account statement as Nationwide Fairer Share Payment. "We will not make the payment in any other way and if you do not have an open Nationwide current account when we try to make the payment, you will not be eligible to receive it."
Western Telegraph
2 days ago
- Business
- Western Telegraph
Some people with learning disabilities struggling to access banking
Informal workarounds are being used to help some people with a learning disability to get by financially, including handing over Pins to others and allowing family members to impersonate them on the phone. The research was published by Project Nemo – a not-for-profit campaign for disability inclusion in banking and financial technology – and sponsored by Nationwide Building Society. Around a third (32%) of adults with a learning disability who took part in the research did not have their own bank account. Some of those who took part in the research said they struggle with passwords or logins, or find it difficult to talk to bank staff, or find security checks hard to complete. Everyone deserves to manage their money with confidence, dignity and independence Kathryn Townsend, Nationwide The report also argued that the general shift away from payments made using coins and banknotes may have left vulnerable people behind. The report recommended that financial technology developers and financial services providers should include clear and simple language in banking features, with visual explanations where possible. The ability to intercept 'risky' purchases could also help to bolster people's independence, the report said. Features for products should include savings pots, a calm mode to reduce overwhelm, and wearable alternatives to payment cards, researchers suggested. Researchers carried out in-depth interviews as well as a survey of more than 1,600 people who identified as having a characteristic of vulnerability. Kris Foster, co-founder of Project Nemo, urged banks to 'break down the existing barriers'. Kathryn Townsend, Nationwide's head of customer vulnerability and accessibility, said: 'Everyone deserves to manage their money with confidence, dignity and independence.' Jon Sparkes, chief executive of charity Mencap, said: 'People with a learning disability tell us that they can struggle to make payments safely because of complex banking systems, inaccessible payment options and a lack of 'easy read' information. 'Because of these barriers, many worry about being more vulnerable to financial abuse and not being able to spend their money in the way they want to. Project Nemo's work is a hugely important step towards ensuring the 1.5 million people with a learning disability across the UK can make their financial choices safely and independently.' Firms offer a range of services to help support customers with learning disabilities, and we encourage people to contact their bank to discuss the options available UK Finance spokesperson A spokesperson for trade body UK Finance said: 'The banking and finance industry is committed to helping all customers. Firms offer a range of services to help support customers with learning disabilities, and we encourage people to contact their bank to discuss the options available. The industry also works with various third sector organisations to help them understand challenges customers face and improve accessibility. 'To ensure cash access is still available for all, customers are able to withdraw and deposit money in banking hubs and post offices across the UK.' UK Finance also released a report on Thursday into progress made by banks following the introduction of the Disability Finance Code for Entrepreneurship (DFCE) in December 2024, which aims to improve the entrepreneurial landscape for people with disabilities. The code sets out commitments to further widen opportunities for disabled entrepreneurs, including providing people with accessible and practical support, such as mentoring and networking events. The report said banks' initiatives include establishing specific teams dedicated to disability inclusion, with a focus on tracking and supporting people who identify as having a disability.
Daily Mail
2 days ago
- Business
- Daily Mail
Santander cuts mortgage rates with first-time buyer deals slashed most
By Santander has cut mortgage rates for those buying homes with smaller deposits, despite the expectation that the Bank of England will hold interest rates at 4.25 per cent tomorrow. The changes are aimed at first-time buyers and home movers with a 5 per cent or 10 per cent deposit. The mortgage rate cuts will be up to 0.22 percentage points. The new products are available to all customers, whether they are applying via a broker or directly. Santander's lowest five-year fix for first-time buyers will now charge 4.85 per cent with no fee and £250 cashback. On a £200,000 mortgage being repaid over 25 years that would cost £1,152 a month. Home movers can do slightly better, with Santander offering a 4.78 per cent rate - again with no fee and £250 cashback. There are slightly lower rates on the market, but these tend to come with higher fees. For example, Monmouthshire Building Society is offering a 4.75 per cent rate with £1,379 of fees. Nationwide is also offering a 4.79 per cent five year fix at 4.79 per cent with £999 of fees. Buyers can compare rates and fees using This is Money's mortgage calculator. First time buyers with a 10 per cent deposit can secure a five-year fix at 4.47 per cent with Santander with a £999 fee and £250 cashback. Home movers with a 10 per cent deposit get a market-leading 4.4 per cent rate with Santander, albeit with the same fees. The next best deal after that is Virgin Money charging 4.44 per cent for its five-year fix, with a £995 fee. Alongside the 90 per cent and 95 per cent mortgage products, Santander is also cutting deals for home movers buying with 15 per cent deposits. It is also cutting the rate on its lowest five-year fixed rate remortgage deal for those refinancing with at least 40 per cent equity in their home. Peter Stimson, director of mortgages at the lender MPowered suggests that mortgage rates are unlikely to fall any further for the time being. 'When it comes to interest rates, inflation has morphed from a blip into a block,' said Stimson. 'That's why the prospects of the Bank of England cutting its base rate again tomorrow - already very slim - have evaporated. 'The swaps market - which mortgage lenders use to set the interest rates they offer on new loans - is already implying that there will be just one further cut to the base rate this year. He added: 'For anyone planning to buy their first home or remortgage this summer, who'd been assuming that the only way is down for mortgage interest rates, this week's inflation data will have been an uncomfortable reality check. 'Mortgage rates may well have fallen as far as they can for now, and in the coming weeks rates may even creep up back as lenders recalibrate in response to rising swap rates.'
