Nationwide to send out £100 to millions from today but warns some will miss out
Nationwide to send out £100 to millions from today but warns some will miss out
Nationwide is paying out a third round of its Fairer Share payments between June 18 and July 4 in a boost to millions of customers - here's everything you need to know
Nationwide is to send out £100 to millions of people
(Image: jax10289 via Getty Images )
From today, millions of Nationwide bankers will begin to receive £100 bonus payments, however not every customer will get it. The building society is distributing a third round of its Fairer Share payments between June 18 and July 4.
Eligible customers should have received an email or letter from Nationwide with the bonus being paid directly into your current account, so there's no need to apply for it. To qualify for the payment, you must hold a qualifying current account, as well as a savings account or mortgage with Nationwide.
The exact qualifying criteria for each type of Nationwide current account can be found below.
Your current account must have been opened on or before March 31, 2025.
For savings accounts, you must have had at least £100 saved at the end of any day in March, 2025.
Article continues below
If you have a mortgage, you must have had at least £100 left to pay off on March 31, 2025.
Nationwide will distribute a total of £400 million to four million customers after its statutory profit before tax rose to a record £2.3 billion, reports the Mirror.
This follows a separate £50 thank you bonus that Nationwide paid out to customers earlier this year following the Virgin Money takeover.
Debbie Crosbie, Nationwide's Chief Executive, said: "Nationwide has had an outstanding twelve months.
"We returned a record £2.8 billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances, and we remain first for customer service."
Nationwide Fairer Share - qualifying current accounts
Here is the additional qualifying criteria for each Nationwide current account:
Article continues below
FlexOne, FlexStudent or FlexGraduate: You must have received at least one payment in, or made one payment out of your account, during March, 2025. This does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025, and March 31, 2025.
You must have received at least one payment in, or made one payment out of your account, during March, 2025. This does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025, and March 31, 2025. FlexAccount, FlexDirect or FlexBasic: In two of the three months of January, 2025, February, 2025, and March, 2025, you must have received at least £500 into your current account, not including transfers from other Nationwide accounts and have made at least a set number of payments out of your current account. Again, this does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025, and March 31, 2025.
In two of the three months of January, 2025, February, 2025, and March, 2025, you must have received at least £500 into your current account, not including transfers from other Nationwide accounts and have made at least a set number of payments out of your current account. Again, this does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025, and March 31, 2025. FlexPlus: Pay the monthly fee for maintaining the account.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wales Online
7 hours ago
- Wales Online
DWP giving away £500 to new parents if you match one of these 11 categories
DWP giving away £500 to new parents if you match one of these 11 categories The grant is for those who are expecting their first child or having twins or more, to help with financial costs The scheme provides a one-off payment to those expecting their first child or multiples (Image: Getty Images/iStockphoto ) New mums in Wales and England could be eligible to receive up to £500 from the Department for Work and Pensions (DWP) through the Sure Start Maternity Grant. This scheme provides a one-off payment to those expecting their first child or multiples, offering financial assistance without affecting any other benefits or tax credits claimed. The grant may also be available to parents who already have children under a certain age, although the eligibility criteria are more stringent than for first-time parents. Who can apply for a Maternity Grant? To qualify for the Sure Start Maternity Grant, you must not have any other children under the age of 16. Additionally, you must be claiming one of the following at the time you apply for the grant: Working Tax Credit that includes a disability or severe disability element income-related Employment and Support Allowance Child Tax Credit Pension Credit Universal Credit Income Support income-based Jobseeker's Allowance In some cases, you may still be eligible for the grant even if you have children under the age of 16, but you must meet one of the following criteria: the child you're caring for is someone else's (but not your partner's) and the child was over 12 months old when the arrangement started you're claiming for a family member who's under 16, or 16 to 19 and in certain types of education or training you're expecting a multiple birth (such as twins) you have refugee status, humanitarian protection or you've come to the UK from Afghanistan or Ukraine Article continues below How much you could get from a Maternity Grant. If you have one or more children under the age of 16 and none are the result of multiple births, you could receive £500 if you are having twins and £1,000 if you're having triplets. Furthermore, if you've previously had twins who are still under the age of 16 and are now expecting triplets, you could receive £500. However, if you've previously had both twins and triplets under the age of 16 and are now expecting twins again, you won't be eligible for any grant money. Article continues below This rule also applies if you've previously had triplets who are still under 16 years of age and you're expecting triplets again. All payments from the grant will be directly deposited into the account where you receive any benefits, pensions, or other allowances. How to apply. You must include proof of your pregnancy or childbirth with this application form. The completed form can then be posted to Freepost DWP SSMG - there's no need for a postcode or stamp to send this form.
Edinburgh Live
17 hours ago
- Edinburgh Live
BBC Dragons' Den's Hilary Devey leaves no money in will despite £80m fortune
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Despite an estimated fortune of £80 million, Hilary Devey CBE reportedly left no cash in her will. The former star of BBC's Dragons' Den sadly passed away aged 65 in June 2022 whilst on holiday in Marrakesh, Morocco. The Bolton-born businesswoman had been fighting a long-term illness, and her death sparked touching tributes from ex-colleagues and fans alike. A year on from her passing, some intriguing details about her will have surfaced. Despite her considerable wealth, Hilary only left material possessions, including jewellery, to her loved ones. As per the Daily Mail, Hilary's 2021 will stated that her iconic diamond cross should go to her friend Audrey Mulligan, while her personal belongings were bequeathed to her son Mevlit Brewster-Ahmet and her publicist and solicitor, who served as trustees. This leaves the destiny of her estimated £80 million fortune somewhat enigmatic. Hilary's early years in the North West were worlds apart from her later triumphs. As a young girl, she saw bailiffs confiscating items from her family home after her father Arthur Brewster's central heating firm went bust, according to the Mirror, reports the Express. However, this hardship only stoked Hilary's drive, leading her to set up her own pallet business, financed by selling her house and car. Speaking about her motivation for success, Devey once said: "I didn't want my son to go without so I pushed myself hard to build a life for us. Fortunately, I was always good with numbers and I loved the cut and thrust of business." Her determination paid off handsomely. Throughout her life, she remained actively engaged in charity work, notably donating a penny for each pallet her firm, Pall-Ex, delivered as part of their 'Penny a Pallet' scheme. Acknowledged for her substantial input to the transport industry and her altruistic efforts, she was honoured in the 2013 Birthday Honours, receiving the title of Commander of the Order of the British Empire (CBE).
.jpeg%3Fwidth%3D1200%26auto%3Dwebp%26quality%3D75%26crop%3D3%3A2%2Csmart%26trim%3D&w=3840&q=100)
Scotsman
20 hours ago
- Scotsman
River Island: cuts at UK fashion giant put 33 stores at risk
Retail shake-ups continue as anotherfavourite faces tough choices and job cuts 👚 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... River Island plans to shut 33 stores, with 71 more under review amid major restructuring Over 1,000 jobs are at risk, including roles already cut at its London head office The fashion chain blames rising costs and a shift to online shopping for the move Losses hit £33.2m in 2023, down from a £2m profit the previous year Creditors will vote on the restructuring plan in August; exact store closures not yet confirmed More than 1,000 jobs are at risk as a UK fashion giant plans to shut 33 of its 230 stores in a sweeping shake-up of its business — with a further 71 shops under review and talks ongoing with landlords. River Island, which employs around 5,500 people across the UK and Ireland, is the latest big-name brand to scale back its physical footprint in response to rising costs and a shift in shopper behaviour. Locally it has stores in Portsmouth and at Whiteley. Advertisement Hide Ad Advertisement Hide Ad Chief executive Ben Lewis admitted its store estate was 'no longer aligned to our customers' needs' as more people opt to shop online. The move comes as part of a court-supervised restructuring plan, being managed by PwC, which will be put to a creditor vote in August. River Island hopes to minimise redundancies, but roles at head office have already been cut, with a redundancy programme launched in January affecting departments including buying and HR. (Photo: David Potter/Construction Photography/Avalon/Getty Images) | Getty Images In 2023, the retailer swung to a £33.2m pre-tax loss after sales fell nearly 20% to £578.1m — a stark contrast to the £2m profit it recorded the year before. Advertisement Hide Ad Advertisement Hide Ad River Island's struggles mirror those of other embattled retailers, including Poundland, which is also mulling mass store closures and a retreat from online shopping. Analysts expect more businesses to pursue similar restructuring routes, a legal tool made available during the pandemic, as they grapple with low footfall, higher wages, and mounting business rates. Which River Island branches are closing? Exactly which River Island branches are closing has yet to be confirmed. Further details are expected after the creditor vote later this summer. Advertisement Hide Ad Advertisement Hide Ad Branches in smaller towns or cities with lower footfall are the most vulnerable — particularly where online shopping has significantly eroded in-person sales. These stores may no longer justify their running costs. Likewise, retail locations in premium or central city sites where rent, business rates, and staffing costs are highest could be on the chopping block — especially if they aren't pulling in enough sales to offset those expenses. In urban centres where River Island has multiple stores within a short distance (for example, one on a high street and another in a nearby shopping centre), it's likely the company will consolidate to a single location. Shops with upcoming lease renewals may also be prime candidates for closure, particularly if landlords are unwilling to negotiate rent reductions or flexible terms. Advertisement Hide Ad Advertisement Hide Ad Stores in dated or declining shopping centres — especially those without strong anchor tenants or good transport links — could also be at risk, as these venues often suffer from reduced customer traffic and a lack of appeal to younger shoppers. Are you struggling to make ends meet as costs continue to rise? You can now send your stories to us online via YourWorld at It's free to use and, once checked, your story will appear on our website and, space allowing, in our newspapers.
