Latest news with #FlexPlus
Glasgow Times
21 hours 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."
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
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".
