Latest news with #FlexAccount
Glasgow Times
2 days ago
- Business
- Glasgow Times
Nationwide confirms some members will receive a free £200
The bank has delivered "Fairer Share" payments in recent years, and there's been anticipation from members about whether they'd be getting the cash in 2025. Nationwide confirmed that more than four million customers will each receive £100 in Fairer Share payments. The £100 will land in eligible current accounts from June 18 to July 4. To qualify, members must use Nationwide for their "everyday banking" and have an eligible savings or mortgage product with them. Whether you want to speak to a real person in branch, or do your banking online, there are many ways you can bank with us. If you need support, get in touch: — Nationwide (@AskNationwide) January 2, 2025 And those who have missed out, and did not have their main current account with Nationwide as of March 31, could get their hands on a free £200 boost by taking up a switching offer. Those who do not have their main current account with Nationwide can take advantage of a £200 Member Exclusive Current Account Online Switch Offer. Existing customers who decide to switch their main bank account to Nationwide will get the cash if they carry out a full online switch to a new or existing FlexPlus, FlexDirect, or FlexAccount. Recommended reading: It's important to note that this switch must involve shutting down the old account You'll also need to transfer at least two Direct Debits, complete the switch within 28 days, and deposit a minimum of £1,000 and make one debit card transaction within 31 days of opening the new account, or initiating the switch to an existing one. Nationwide added: "You can only get this offer if you're switching into a sole or joint account that hasn't had one of our switch offers since 2021."
Rhyl Journal
2 days ago
- Business
- Rhyl Journal
Nationwide confirms some members will receive a free £200
The bank has delivered "Fairer Share" payments in recent years, and there's been anticipation from members about whether they'd be getting the cash in 2025. Nationwide confirmed that more than four million customers will each receive £100 in Fairer Share payments. The £100 will land in eligible current accounts from June 18 to July 4. To qualify, members must use Nationwide for their "everyday banking" and have an eligible savings or mortgage product with them. Whether you want to speak to a real person in branch, or do your banking online, there are many ways you can bank with us. If you need support, get in touch: And those who have missed out, and did not have their main current account with Nationwide as of March 31, could get their hands on a free £200 boost by taking up a switching offer. Those who do not have their main current account with Nationwide can take advantage of a £200 Member Exclusive Current Account Online Switch Offer. Existing customers who decide to switch their main bank account to Nationwide will get the cash if they carry out a full online switch to a new or existing FlexPlus, FlexDirect, or FlexAccount. Recommended reading: It's important to note that this switch must involve shutting down the old account You'll also need to transfer at least two Direct Debits, complete the switch within 28 days, and deposit a minimum of £1,000 and make one debit card transaction within 31 days of opening the new account, or initiating the switch to an existing one. Nationwide added: "You can only get this offer if you're switching into a sole or joint account that hasn't had one of our switch offers since 2021."
South Wales Guardian
2 days ago
- Business
- South Wales Guardian
Nationwide confirms some members will receive a free £200
The bank has delivered "Fairer Share" payments in recent years, and there's been anticipation from members about whether they'd be getting the cash in 2025. Nationwide confirmed that more than four million customers will each receive £100 in Fairer Share payments. The £100 will land in eligible current accounts from June 18 to July 4. To qualify, members must use Nationwide for their "everyday banking" and have an eligible savings or mortgage product with them. Whether you want to speak to a real person in branch, or do your banking online, there are many ways you can bank with us. If you need support, get in touch: And those who have missed out, and did not have their main current account with Nationwide as of March 31, could get their hands on a free £200 boost by taking up a switching offer. Those who do not have their main current account with Nationwide can take advantage of a £200 Member Exclusive Current Account Online Switch Offer. Existing customers who decide to switch their main bank account to Nationwide will get the cash if they carry out a full online switch to a new or existing FlexPlus, FlexDirect, or FlexAccount. Recommended reading: It's important to note that this switch must involve shutting down the old account You'll also need to transfer at least two Direct Debits, complete the switch within 28 days, and deposit a minimum of £1,000 and make one debit card transaction within 31 days of opening the new account, or initiating the switch to an existing one. Nationwide added: "You can only get this offer if you're switching into a sole or joint account that hasn't had one of our switch offers since 2021."
Metro
29-05-2025
- Business
- Metro
Nationwide announces £100 bonus for 4,000,000 members — are you due a payout?
If you bank with Nationwide, you could be due a windfall in the coming weeks — a welcome prospect for those in need of a cash boost. The building society operates as a mutual rather than a traditional bank, meaning it's owned by and run for the benefit of its members. As such, Nationwide shares profits among account holders (rather than shareholders) as part of its Fairer Share Payment initiative, commenting: '[It's] our way of rewarding those members who choose us for their everyday banking as well as having savings or a mortgage with us Now, Nationwide has revealed the details of its 2025 one-off payout, with over 4 million Brits set to receive £100 after the building society posted its full year financial results. Chief executive, Debbie Crosbie, 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.' Alongside its annual results, the building society shared that its Fairer Share Bonus will be running for the third year in a row, taking the total amount paid through the scheme to more than £1 billion. For 2025, Each member will receive £100, which will be automatically deposited into your Nationwide current account between June 18 and July 4, appearing on your current statement as 'Nationwide Fairer Share Payment'. And as with previous payouts, you shouldn't need to make a claim or request the money yourself. If you think you qualify but haven't heard anything from Nationwide by July 5, get in touch. And don't forget to stay aware of fraudulent attempts at obtaining your personal information to apply for the payment. To be in the running, customers must hold both a qualifying current account as well as a qualifying savings or mortgage account. Each of the bank's current accounts (excluding its subsidiaries, such as Clydesdale Bank, Virgin Money or Yorkshire Bank) are eligible, providing certain criteria are met. The first of these is that the account was open on March 31, 2025 — although those who switched accounts between January 1 and March 31 are exempt from any additional requirements. Otherwise, Nationwide explains that FlexAccount, FlexDirect or FlexBasic holders must have either: Received £500 in two of the three months of January, February and March 2025, and made two payments from their account Or , completed at least 10 payments out of the account in two of the three months of January, February and March 2025. The company adds: 'These are two separate requirements which cannot be combined. For example, if you only paid in £500 and made two payments out in February 2025 and made 10 payments out in March 2025, you will not have met these additional requirements.' Meanwhile, FlexPlus account holders must have paid their monthly fee, and FlexOne, FlexStudent or FlexGraduate customers need to have made at least one payment in or out during March 2025. More Trending Those with investment accounts and stocks and shares weren't included in the criteria, but savings account holders qualify if they had a minimum of £100 in total across Nationwide personal savings accounts or cash ISAs at the end of any day in March. When it comes to mortgages, customers must have owed at least £100 on their residential mortgage with Nationwide on March 31. Home loans through subsidiaries such as The Mortgage Works, UCB Home Loans Corporation Limited, or Derbyshire Home Loans Limited are excluded from the bonus, as are commercial mortgages and those not completed by March 31. View More » If you're not sure whether you fit the bill, you can use Nationwide's eligibility checker to work it out. Do you have a story to share? Get in touch by emailing MetroLifestyleTeam@ MORE: Thousands to get payouts after forced prepayment meter fitting – how to claim? MORE: Martin Lewis' MSE reveals millions can claim £70 Mastercard payout — even if they've never had one MORE: The items gathering dust in your home that are actually worth £100s
Daily Mirror
12-05-2025
- Business
- Daily Mirror
These Nationwide customers may get extra £100 next month
Nationwide is expected to hand out its latest round of 'fairer share' bonuses to millions of members Nationwide is expected to dish out its latest round of £100 bonuses to eligible members next month. The world's largest building society has given out these "Fairer Share" payments to millions of members over the past two years. While 2025 bonuses are yet to be confirmed, Nationwide said earlier this year it hoped to be able to hand out the money again. And in February Martin Lewis ' Money Saving Expert (MSE) team explained who it thought had the best chances of getting the cash. In previous years announcements confirming the Fairer Share bonuses have been made in May, with the money then landing in accounts in June. In 2024 Nationwide confirmed it would share "our profits with nearly 4 million of our members", adding: "The Fairer Share Payment is our way of rewarding those members who choose us for their everyday banking as well as having savings or a mortgage with us." At that time, Nationwide outlined the criteria for eligibility, stating members would need "need a qualifying current account plus either qualifying savings or a qualifying mortgage. And they would have needed to meet this criteria when we last checked on 31 March 2024." Most members who received the 2024 bonus were paid between June 13 and June 28 last year. To increase your chances of bagging the bonus this year, MSE said in February it would be a good idea to your account in good standing until at least March 31 and to make sure the account was actively used during the first three months of this year. Eligibility varies based on the type of account you hold. For those with a FlexAccount, FlexBasic, FlexDirect, you need to deposit at least £500 in two of the first three months of 2025 and make two payments from your account, or you'll need to make 10 or more payments from your account over this same period. MSE said this second method was used as criteria in 2024 but not in 2023. MSE further explained: "For those with a FlexPlus packaged account: Just paying the fee counts. For those with a FlexOne, FlexGraduate, FlexStudent account: Make a payment IN or OUT of your account in March 2025. Payments can include debit card transactions, Direct Debits, bank transfers and standing orders (but not transfers to other Nationwide accounts you have)." In addition to these steps, you'll also need to have at least £100 in savings, or owe at least £100 on a mortgage with Nationwide, in March 2025, according to MSE. However, this is all just based on previous criteria and there are "no guarantees".
