Latest news with #non-Nationwide
Scottish Sun
14 hours ago
- Business
- Scottish Sun
Millions of Nationwide customers to receive £100 free cash from TODAY – will you get it?
CUSTOMERS of a UK banking giant are set to receive a free £100 payment from today - and you could be eligible to claim the cash. Loyal customers who've saved or borrowed with the beloved building society are set to be given payouts through a rewards scheme just for them. 2 Eligible banking customers can get £100 for free Credit: Alamy 2 Nationwide Building Society has run the payment scheme for three years in a row Credit: Getty This Fairer Share scheme has been run by the building society in previous years. And this year the payments will go into effect on Wednesday, June 18 - meaning today is the day those eligible are set to get the free money. Nationwide confirmed the payments would be made through Friday, July 4. While around four million Nationwide customers will benefit from the scheme, not everyone is eligible. To qualify, customers will need to have opened a current account with Nationwide on or before March 31, 2025. They must also have at least £100 in savings, or have owed £100 or more on a mortgage by that same March deadline. Customers also need to have used their account between January 1 and March 31 this year. A total of about £410 million is estimated to be paid out. And if you missed out on this year's deadline, you may be eligable for the free cash next year as the building society has run the Fairer Share scheme three years in a row. However, there is no guarantee Nationwide will run the scheme again. Popular bank with over 400 spots confirms it is shutting 18 branches in August – it follows 148 closures by rivals In 2024, Nationwide paid out £385 million to 3.85 million people as part of the scheme. The bank also recently offered exclusive access to a top savings account rate for its customers. What other banking perks can you get? Existing customers with Nationwide can also get a free £200 bonus if they switch a non-Nationwide current account into a new or existing FlexDirect account. You'll also get 5% interest on current account balances up to £1,500 for a year. Meanwhile Santander is giving out £180 free cash to those who switch to its Edge account. Plus there's a linked savings account that pays 6% interest on up to £4,000 for the first year. Where to find the best savings rates Many savings accounts offer miserly rates meaning that money is generating little or no return. However, there are ways to get your cash working hard. Sun Savers Editor Lana Clements explains how to make sure you money is getting the best interest rate. Easy access savings accounts offer flexibility for customers, meaning they can dip in and out of cash when needed. However, the caveat is that rates can change at any time. If you're keeping your money in an easy access account, you'll need to keep checking whether it's the best paying account for your circumstances and move if not. Check in at least once a month to see what is happening in the market. Check what is offered by your bank - sometimes the best rates are for customers only. But do search the wider market as often top savings accounts are offered by lesser known providers. Comparison sites are a good place to check for the top rates. Try or Moneysupermarket. You can search by different account type. You'll usually get a better interest rate if you can lock your money away for a fixed amount of time, but it's always a good idea to keep some money in an easy access account in case of emergencies. Don't overlook regular savings accounts often pay some of the best rates, but you'll need to commit to monthly payments. This can be a great way to get into a savings habit while earning top rates at the same time. First Direct is giving away £175 to people who switch to its 1st Account. You just need to open an account and set up at least two direct debits or standing orders within 45 days. You will also need to pay in £1,000 and make five debit card payments within the same timeframe. TSB is handing out £100 cash but £15 a month in cashback for six months to those who switch to its Spend and Save account. Plus, you can get either £120 credit towards a hotel booking via Expedia's Travel Credits website or 12 months of activity tickets with the National Activities Network.
Scottish Sun
2 days ago
- Business
- Scottish Sun
Major high street bank is handing out £100 to over 4 MILLION customers this week – are you eligible?
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) CUSTOMERS of a major UK bank will receive £100 starting from tomorrow. The payments will be made through a scheme rewarding loyal members who have saved or borrowed with the popular building society. Sign up for Scottish Sun newsletter Sign up 2 Around four million customers will be eligible for the free cash payments this week (stock image) Credit: Getty This Fairer Share scheme has been run by the building society in previous years and will go into effect on Wednesday, June 18. Nationwide has confirmed the payments will be made through Friday, July 4. While around four million Nationwide customers will benefit from the scheme, not everyone is eligible. To qualify, customers will need to have opened a current account with Nationwide on or before March 31, 2025. They must also have at least £100 in savings, or have owed £100 or more on a mortgage by that same March deadline. Customers also need to have used their account between January 1 and March 31 this year. A total of about £410 million is estimated to be paid out. And if you missed out on this year's deadline, you may be eligable for the free cash next year as the building society has run the Fairer Share scheme three years in a row. However, there is no guarantee Nationwide will run the scheme again. In 2024, Nationwide paid out £385 million to 3.85 million people as part of the scheme. NatWest to close 53 bank branches in fresh blow to UK high street – see if your local is affected The bank also recently offered exclusive access to a top savings account rate for its customers. What other banking perks can you get? Existing customers with Nationwide can also get a free £200 bonus if they switch a non-Nationwide current account into a new or existing FlexDirect account. You'll also get 5% interest on current account balances up to £1,500 for a year. Meanwhile Santander is giving out £180 free cash to those who switch to its Edge account. Plus there's a linked savings account that pays 6% interest on up to £4,000 for the first year. Where to find the best savings rates Many savings accounts offer miserly rates meaning that money is generating little or no return. However, there are ways to get your cash working hard. Sun Savers Editor Lana Clements explains how to make sure you money is getting the best interest rate. Easy access savings accounts offer flexibility for customers, meaning they can dip in and out of cash when needed. However, the caveat is that rates can change at any time. If you're keeping your money in an easy access account, you'll need to keep checking whether it's the best paying account for your circumstances and move if not. Check in at least once a month to see what is happening in the market. Check what is offered by your bank - sometimes the best rates are for customers only. But do search the wider market as often top savings accounts are offered by lesser known providers. Comparison sites are a good place to check for the top rates. Try or Moneysupermarket. You can search by different account type. You'll usually get a better interest rate if you can lock your money away for a fixed amount of time, but it's always a good idea to keep some money in an easy access account in case of emergencies. Don't overlook regular savings accounts often pay some of the best rates, but you'll need to commit to monthly payments. This can be a great way to get into a savings habit while earning top rates at the same time. First Direct is giving away £175 to people who switch to its 1st Account. You just need to open an account and set up at least two direct debits or standing orders within 45 days. You will also need to pay in £1,000 and make five debit card payments within the same timeframe. TSB is handing out £100 cash but £15 a month in cashback for six months to those who switch to its Spend and Save account. Plus, you can get either £120 credit towards a hotel booking via Expedia's Travel Credits website or 12 months of activity tickets with the National Activities Network.
Yahoo
30-03-2025
- Business
- Yahoo
Nationwide customers have just hours to claim free £175 - how to get it before deadline
If you're planning to switch to Nationwide to claim the £175 cash reward, you'll need to act fast as time is running out. The UK's largest building society has announced that the current account offer will be discontinued on March 31, so if you want to get your hands on the free money, you'll need to move quickly. The incentive was first introduced on September 25, 2024, with the aim of encouraging customers to switch their current accounts from other banks to Nationwide. Nationwide had always stated that the reward would not be a permanent feature, and reiterated in December that it was only available for a 'limited time'. READ MORE: I spent two hours at the tip and couldn't believe what people threw away Get breaking news on BirminghamLive WhatsApp, click the link to join With just four days left to make the switch, here's everything you need to know before the end-of-month deadline. To qualify for Nationwide's £175 cash reward, you must switch from a non-Nationwide bank account with at least two active direct debits. Your non-Nationwide account will be closed when you switch – Nationwide can handle this for you if you choose that option when requesting the switch. According to the terms, you'll need to deposit £1,000 into the account within 31 days of requesting the switch – transfers from other Nationwide accounts or Visa credits are not included – and make at least one purchase using your debit card. Certain transactions, such as gambling, are not included in this offer, so it's important to do your research. To qualify for the £175 cash offer, the switch must be completed within 28 days. Nationwide stated: 'You can get £175 by switching to a FlexPlus, FlexDirect or FlexAccount. If you already have one of these bank accounts, you can still switch over your non-Nationwide bank account and get £175 if you log in to our internet bank. However, be aware that switching to a FlexPlus Nationwide account will incur an £18 monthly fee, while FlexDirect and FlexAccount are both free.
Yahoo
09-03-2025
- Business
- Yahoo
Nationwide customers can get free £175 if they act before end of March
Nationwide Building Society is offering its customers the chance to earn a free cast payment of £175 if they switch to one of its three bank accounts. The offer will be withdrawn at the end of March, with customers encouraged to make the switch "within 10 days". The building society's switching offer remains the biggest available, alongside Lloyds Bank and First Direct, who also offer £175. Read more: Three benefits which could be cut under huge DWP shake-up To qualify for the £175, customers will need to apply for and open one of three bank accounts: FlexPlus, FlexDirect or FlexAccount. If customers already have one of these accounts, they can simply switch to a non-Nationwide bank account and get the free £175 if they log into Nationwide's internet bank and meet all of the other qualifying criteria. Nationwide has stated you must complete a full account switch from a current account held with another bank using the Current Account Switch Service. Additionally, you must transfer a minimum of two active Direct Debits to Nationwide, along with making a deposit of £1000 and make one debit card payment within 31 days. A full switch means that the old account is closed and all payments are transferred to the new account. Not all transactions are valid though, such as gambling, cryptocurrency, cash withdrawals, mortgage payments, and money transfers. Therefore, it is vital that you read the terms and conditions fully before making the switch, as you don't want to miss out on the potential of £175. If customers meet all of the necessary criteria, Nationwide will then credit the free £175 payment to the current account that customers switched into "within 10 days of all the requirements being met". This will then appear on bank statements as 'Switching Offer'. The £175 switching perk will be withdrawn at 23:59pm on Monday, March 31st. The three current accounts customers can switch to are as follows: FlexPlus: A packaged account with worldwide family travel insurance, mobile phone insurance, UK and European breakdown cover and commission-free usage abroad for £18 a month FlexDirect: A fee-free online account paying 5% AER credit interest and 1% cashback on debit card spend for the first 12 months FlexAccount: A fee-free bank account where customers can bank online and in branch
Yahoo
03-03-2025
- Business
- Yahoo
Nationwide to give free cash to people who follow these steps
Nationwide has announced that it will offer certain banking customers a free £175 payment, with no current deadline for people to act. The world's largest building society continues to provide this bonus cash to eligible individuals who switch their accounts to Nationwide. While other banking giants often run similar offers, they usually have an end date by which to switch. However, this is not currently the case for the Nationwide £175 deal. To qualify for the money, you'll need to switch a non-Nationwide bank account with at least two active Direct Debits, perform the switch online, and close your old account when you switch. Nationwide can handle the last part for you. READ MORE: Lloyds Bank sets out cash rules after customer refused service in branch READ MORE: Supermarket slammed for 20% hike now cheaper than Aldi and Lidl for shopping essentials You'll also need to complete the switch within 28 days and within 31 days of requesting the switch, you must deposit at least £1,000 into the account, and this can't be a transfer from another Nationwide account or Visa credits. You must also make at least one purchase using your debit card and some transactions, such as gambling, don't count. Switchers can claim the £175 when switching to either a FlexPlus, FlexDirect or FlexAccount. Current customers who already have one of these accounts can still get the cash, if they switch over from a non-Nationwide provider, and meet the other criteria. Switching your bank account is designed to be a hassle-free process. All your payees, which includes everyone you've ever sent payments to, will be transferred to your new account along with any new payment setups. Your regular income streams, such as salary, benefits, or pension, will also automatically shift to the new account, as well as your recurring outgoings like bills. Plus, there's a safety net in place: should any payments mistakenly go to your old account, a redirect system will "catch" these and ensure they're moved over to your new account.
