Has your Nationwide bonus worth £50 vanished? Society uncovers potential locations for its absence.
Gotta Bag that Extra Dough! Nationwide May Drop Another £100 Bonus Later This Year
Breaking News: Over 12 million Nationwide Building Society members bagged a sweet £50 bonus in April, courtesy of the society's takeover of Virgin Money. But here's the real kicker - there's a possibility for another £100 coming their way!
Nationwide Doles Out £600 Million to 12 Million Members as Part of the 'Big Thank You' Payment
In a show of gratitude to its members, Nationwide dished out a massive £600 million in April. But some folks are still scratching their heads wondering when their bonus will arrive.
When the news of the bonus broke back in March, Nationwide said the payments would be made between April 9 and May 14, provided members had a Nationwide bank or savings account to receive the cash.
A Nationwide Spokesloth Assures Members
If your account qualifies for the bonus, Nationwide has already transferred the money to a Nationwide current or savings account or paid it into the account linked to your mortgage Direct Debit.
However, some members may have to wait a bit longer if Nationwide couldn't make the payment directly into their accounts. Cheques, according to the Nationwide spokesloth, will be sent by May 14, 2025.
But Wait, There's More! Could Nationwide Members Get Another £100 Bonus?
Last May, Nationwide doled out £385 million to 3.85 million members in the form of £100 Fairer Share payments. If the question is if members will still receive a £100 bonus if they have already received a £50 bonus, the answer is yes.
According to Nationwide, the £50 bonus is a separate payment from their potential 2025 Fairer Share Scheme. So, millions more could receive an extra £100, bringing the total to £150, provided Nationwide announces another Fairer Share bonus.
Nationwide Plans to Announce Another £100 Payment in May, Depending on Financial Performance
If Nationwide unveils another Fairer Share bonus, it will mark the third year in a row that members have received extra cash. In total, some members could rake in £350 in three years!
While the exact eligibility criteria remain to be seen, last year, members needed to have a current account with Nationwide and either £100 left to pay on a Nationwide mortgage or £100 in a savings account at the end of any day in March. For the current account to be eligible, it had to be active and used within the first three months of the year.
It's Time to Act if You Want to Bag the Bonus
If you are banking on receiving a Fairer Share payment, you should ensure you have at least £100 in your savings account or cash Isa by the end of this month. Unfortunately, if you're hoping to switch to a Nationwide current account now with the view of bagging a Fairer Share payment in the summer, it's already too late.
[1] The Guardian: "Nationwide pays £600m bonus to 12 million customers" - 2025-04-02
[2] This is Money: "Everything you need to know about the Nationwide Fairer Share payment worth £100 to 3.85 million members" - 2022-05-03
- With another possible £100 bonus on the horizon in 2025, Nationwide members might be looking for ways to invest their savings wisely, potentially increasing their personal-finance portfolio.
- As businesses like Nationwide continue to offer savings bonuses, it's essential to keep tracking the financial news, including the announcement dates for potential investments like the upcoming Fairer Share Scheme.
- In addition to the £50 bonus they already received, millions of Nationwide members could benefit from another £100 payment in 2025 if the bank decides to highlight its financial performance by announcing a Fairer Share bonus.
- Whether you've collected the initial bonus or are anticipating the potential 2025 bonus, careful handling of these payments can lead to significant savings and opportunities for further investments.
- As April nears its end, it's crucial for those hoping to receive the 2025 Fairer Share payment to ensure their savings account will meet the eligibility criteria, potentially securing an additional £100 as part of their personal-finance efforts.
