Latest news with #NationwideFairerSharePayment
Western Telegraph
a day ago
- Business
- Western Telegraph
Full list of Nationwide customers who won't get £100 payment
Part of the building society's 'Fairer Share' scheme, millions are set to receive a slice of £400m. This follows Nationwide's announcement of a hefty £2.3 billion profit for the year ending March 31, 2025. The Fairer Share initiative was designed to give back to customers by sharing some of the profits, but only those who meet specific criteria will benefit. To qualify, Nationwide stipulates that you must have had an active current account on March 31, 2025. 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 If your Nationwide current account wasn't open on this date, unfortunately, you won't be eligible for the bonus. Additionally, you must have used your current account within the first three months of the year. For savings accounts to qualify, you must have held at least £100 in one or more personal savings accounts or cash ISAs with Nationwide at any point during March 2025. Eligible members can expect to see the bonus credited to their accounts between June 18, 2025, and July 4, 2025. The building society has stated: "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. "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. Recommended reading: "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. "We will decide whether you are eligible for the payment based on the information we hold about you and the products you have with us. "We always do our best to ensure that the information is accurate and complete, but incomplete, inaccurate, or out of date information may mean we wrongly exclude you from the payment."
Scottish Sun
2 days ago
- Business
- Scottish Sun
Exact code to spot when £100 Nationwide payment lands in millions of accounts within weeks – will you be better off?
If you are not a Nationwide customers don't worry as we share other banks giving away free cash CASH HELP Exact code to spot when £100 Nationwide payment lands in millions of accounts within weeks – will you be better off? NATIONWIDE customers have been told the exact code to look out for to confirm a £100 payment has landed in their accounts. The high street lender is giving away the cash as part of its Fairer Share programme. 1 Nationwide customers have been told the exact code to look out for when the £100 cash lands in their accounts Credit: Getty The payment goes to members who bank with Nationwide regularly. Those who have a savings account or mortgage product could also qualify. Customers can expect the cash to land in their accounts between June 18 and July 4. And there is a code that customers should look out for on their bank statements to ensure they have received the cash - it is Nationwide Fairer Share Payment. But you must have opened a main current account with Nationwide by March 31 to get your hands on the money. You would have needed to have £100 in savings or owe £100 on your mortgage by that date. You also will need to have used your account within the first three months of this year. This is the third year that Nationwide has given away free cash to customers. Last year, it paid out a total of £385million to 3.85million customers and the year before £340million to 3.4million people. Back in December, the building society's boss confirmed it would make the payment for a third time. Major bank paying out £100 to customers It's worth noting, the £100 Fairer Share payment is separate to the £50 issued to around 12million Nationwide customers between April 9 and May 14. Recently the bank has also launched a new £200 switching offer to treat customers who sign up for its new bond. Nationwide's member inclusive bond is available to sign up to for all 16 million existing members and can be opened in branch, online or via the Banking App. This is a fixed-rate savings bond available only to Nationwide members. BANKING FREEBIES Nationwide is not the only bank giving customers free cash. TSB is giving new customers who switch to the high street bank a £100 switching incentive. You get the £100 upfront but if you spend on your debit card for 20 times in the first six months you get a £15 a month cashback. Santander has launched a new switching incentive to lure in customers. As part of the deal, customers will receive £180 within 90 days of making the switch. Cusomers need to pay £1,500 into the account within 60 days. This does not have to be deposited all at once. Customers must also set up two active household direct debits on the new account. This can include your council tax, mobile phone, home phone, broadband, paid-for TV packages, water, gas and electricity bills. Co-op Bank is also paying £175 to new customers.
South Wales Guardian
3 days ago
- Business
- South Wales Guardian
Full list of Nationwide customers who won't get £100 payment
Part of the building society's 'Fairer Share' scheme, millions are set to receive a slice of £400m. This follows Nationwide's announcement of a hefty £2.3 billion profit for the year ending March 31, 2025. The Fairer Share initiative was designed to give back to customers by sharing some of the profits, but only those who meet specific criteria will benefit. To qualify, Nationwide stipulates that you must have had an active current account on March 31, 2025. 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: If your Nationwide current account wasn't open on this date, unfortunately, you won't be eligible for the bonus. Additionally, you must have used your current account within the first three months of the year. For savings accounts to qualify, you must have held at least £100 in one or more personal savings accounts or cash ISAs with Nationwide at any point during March 2025. Eligible members can expect to see the bonus credited to their accounts between June 18, 2025, and July 4, 2025. The building society has stated: "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. "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. Recommended reading: "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. "We will decide whether you are eligible for the payment based on the information we hold about you and the products you have with us. "We always do our best to ensure that the information is accurate and complete, but incomplete, inaccurate, or out of date information may mean we wrongly exclude you from the payment."
North Wales Chronicle
3 days ago
- Business
- North Wales Chronicle
Full list of Nationwide customers who won't get £100 payment
Part of the building society's 'Fairer Share' scheme, millions are set to receive a slice of £400m. This follows Nationwide's announcement of a hefty £2.3 billion profit for the year ending March 31, 2025. The Fairer Share initiative was designed to give back to customers by sharing some of the profits, but only those who meet specific criteria will benefit. To qualify, Nationwide stipulates that you must have had an active current account on March 31, 2025. 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: If your Nationwide current account wasn't open on this date, unfortunately, you won't be eligible for the bonus. Additionally, you must have used your current account within the first three months of the year. For savings accounts to qualify, you must have held at least £100 in one or more personal savings accounts or cash ISAs with Nationwide at any point during March 2025. Eligible members can expect to see the bonus credited to their accounts between June 18, 2025, and July 4, 2025. The building society has stated: "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. "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. Recommended reading: "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. "We will decide whether you are eligible for the payment based on the information we hold about you and the products you have with us. "We always do our best to ensure that the information is accurate and complete, but incomplete, inaccurate, or out of date information may mean we wrongly exclude you from the payment."
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Scotsman
3 days ago
- 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.
