Nationwide Offers £100 Bonus for Eligible Account Holders in 2024
Nationwide, the renowned building society, has announced a significant financial perk for some of its account holders. This £100 bonus, dubbed the "Nationwide Fairer Share Payment," is part of its initiative to share profits with its members. It comes as a welcome relief in the face of rising living costs and economic challenges, but there are specific criteria that customers must meet to qualify.
To be eligible for the bonus, customers must have both a current account and either a savings account or a mortgage with Nationwide. Additionally, eligibility depends on the type of current account and the account’s activity by March 31, 2024. For FlexPlus accounts, the monthly fee must have been paid. For other accounts like FlexOne, FlexStudent, or FlexGraduate, members must have made or received at least one payment in March unless they switched accounts between January and March 2024.
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Customers holding FlexAccount, FlexDirect, or FlexBasic accounts also qualify if, in two of the first three months of 2024, they received at least £500 or made two or more payments or completed at least 10 transactions. For savings accounts, members must have maintained a balance of £100 or more in their personal savings or cash ISAs by the end of any day in March. However, investments such as stocks and shares or funds held in another person’s name are not eligible. Mortgage holders qualify if they owed at least £100 on a residential mortgage with Nationwide as of March 31.
Joint account holders will be assessed individually, meaning both parties can receive the bonus if they meet the conditions. However, accounts managed under special arrangements, like those held under a power of attorney, will not count toward the manager’s eligibility.
The payment will be deposited directly into eligible current accounts between June 13 and June 28, 2024, and will appear as “Nationwide Fairer Share Payment” on statements. Nationwide has assured customers that any errors in eligibility assessment will be corrected, and wrongly excluded members will still receive the payment upon review.
This initiative highlights Nationwide's commitment to supporting its members during financially challenging times.
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