Annie
16th Mar 2025
Reading time: 2 Minutes
Nationwide has two upcoming payments to its customers – but do you Qualify, and Cold It Net you £ 150 free in your bank account this year?
The Thank You £ 50
The first payment is a one-off £ 50. That's trust nationwide customers – who are also its sharehlders, beCause it's a building Society – Supported the Merger of Nationwide and Virgin Money. Now, virgin customers are part of the nationwide family. As a 'Thank you' for supporting the acquisition, nationwide customers will get the £ 50.
To be eligible for the payment, you need to have ben a nationwide member on or before 30th September 2004, and still have an account now. You must also have had:
- Had at Least One Qualifying Transaction on Your Current or Savings Account, Or
- Owed at least £ 100 on one or more nationwide Residential Mortgages, or
- Held at Least £ 100 in Total in One or More of Your Nationwide Current or Saveings Accounts.
If you switched to nationwide before you could make any of these transactions or hold these Amounts, You still Qualify If you switched Accounts Using The Current Service Beketch Service BeetWeen and 30th September 2024.
It is worth noting that this bonus is treated as interest for tax purposes, so while most people won't need to ackaNowledge it on a self assessment form, if you pay tax on your insers Earner or as you have earned more than £ 1000 interest in a year, you'll need to include this payment in your calculations.
The nationwide fairer share £ 100 payment
This one hasn’t been guaranteed yet but it has haasted in the last two years and looks likely once again. It's a £ 100 bonus that is paid to Qualifying customers with a nationwide current or savings account and/or a Residential MortGage. If you have any of these, do't close your account! They are usually announcing at the end of the tax year whether the Fairr share payment A nationwide account at the time the payment is made in the spring.
