Members of Nationwide Building Society have until January 1, 2026, to claim their £50 bonus from “The Big Nationwide Thank You” initiative. This program was launched in response to Nationwide’s recent acquisition of Virgin Money. The significant payment scheme aims to express gratitude to around 12 million members who are eligible for the reward.
Claim Your £50 Bonus Before It’s Too Late
The total financial commitment from this initiative exceeds £600 million. This makes it one of the largest bonus payouts in the mutual banking sector. Each qualifying member will receive £50 as a token of appreciation following the merger with Virgin Money.
Eligibility Requirements
- Must be a member of Nationwide on September 30, 2024.
- Need to fulfill at least one additional requirement within the year prior to this date:
- Complete a qualifying transaction on a current or savings account.
- Maintain a combined balance of at least £100 across current and savings accounts.
- Have a minimum mortgage balance of £100 with Nationwide.
Members who switched to a Nationwide current account between July 1 and September 30, 2024, are also automatically eligible for the bonus. Payments started to be deposited into accounts on April 9, 2024.
Payment Distribution Channels
Payments were distributed based on customer circumstances:
- Direct deposits went to current accounts, instant access savings accounts, and limited access savings accounts.
- Mortgage holders received the £50 bonus in accounts linked to their Direct Debit.
- For members who qualified but did not receive direct payments, cheques were mailed starting May 14, 2024.
Verification and Assistance
Customers who believe they qualify but have not received any communication from Nationwide can verify their eligibility through official channels. It is crucial to act soon, as the January 2026 deadline looms for anyone who has yet to claim this bonus.
This initiative serves as an additional benefit and is separate from the established Fairer Share scheme, which provides £100 payments to qualifying members yearly since 2023. The Big Nationwide Thank You highlights Nationwide’s commitment to its members and their ongoing support.
