Last day for Nationwide customers to get £50 bonus payment - check if you're eligible
Today is the final day Nationwide customers will receive their £50 bonus payment. Around 12 million people are set to receive the free cash payment as part of the "Big Nationwide Thank You" initiative.
Nationwide says the majority of the payments have been made to eligible members, with the final 5% set to receive it in their bank accounts by Wednesday, April 30.
The high street building society announced: "As long as the account is in your name, the payment should arrive by 30 April 2025. If we can't, and you have a mortgage with us, we will pay £50 into the bank account used to pay your mortgage Direct Debit."
It's important to note that payments made by cheque will take a little longer to arrive. Customers who receive the money this way should expect it by May 14. They then have until January 2026 to cash the cheque into their account.
The "Big Nationwide Thank You" payment was issued as a gesture of gratitude to Nationwide members for their contribution to the takeover of Virgin Money. The £2.9billion deal was completed in October 2024. Overall £60million was paid out.
Debbie Crosbie, Nationwide CEO, said: 'Nationwide became even stronger when it bought Virgin Money and we are already improving services for its customers.
"The Big Nationwide Thank You recognises the role our members played in building the financial strength that made the deal possible. It's another of the very real benefits of being a member of Nationwide and our modern mutual model.'
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To be eligible for the £50 payment, you will need to have had a savings or current account, or mortgage, at the end of last September.
You must also have made at least one transaction through your current account or savings, or had a balance of at least £100 in your current account, savings or mortgage, in the 12 months to the end of September 2024. You can also check your eligibility on the Nationwide website.
The "thank you" payment is separate to the £100 "Fairer Share" payment that the building society has paid out to members over the last two years. This is based on its financial performance, with Nationwide set to confirm its next set of results on May 29 this year. The building society should confirm if another round of "Fairer Share" payments will be made on this date.
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