The Nationwide customers who won’t get £100 sent | U.Okay.Finance News
Nationwide is sending a free £100 cost to eligible customers subsequent month as half of its ‘Fairer Share’ scheme.The one-off bonus cost will see over 4 million present account customers get a share of round £400 million, after the building society introduced income of £2.3billion for the 12 months up to March 31, 2025. This 12 months makes the third 12 months in a row that Nationwide has dished out the bonus, which means it would have paid out more than £1billion to eligible customers since 2023.The Fairer Share programme was set up to reward customers who bank with the building society, permitting them to share some of the income – however provided that they meet sure standards. Unfortunately not all Nationwide customers will likely be eligible for the £100 cost, as was the case in 2023 and 2024.Nationwide has confirmed that to qualify, you could have had one of the next:
To have a qualifying present account, your account will need to have been open on March 31, 2025. If you didn’t have an open Nationwide present account on this date then you definitely won’t qualify. You should even have used your present account within the primary three months of the 12 months.To have a qualifying financial savings account you could have had at the very least £100 in a single or more personal financial savings accounts or money ISAs with Nationwide on the finish of any day in March 2025.Finally, to have a qualifying mortgage you could have owed at the very least £100 in your Nationwide residential mortgage on March 31, 2025.Anyone who doesn’t meet the above standards won’t be eligible to obtain the £100 bonus cost in June. But if you happen to do qualify, Nationwide says it plans to make the £100 cost to all its eligible customers between June 18, 2025, and July 4, 2025.The building society stated: “We will pay the money into your Nationwide current account by electronic transfer. If you hold more than one current account with us, we may pay the money into any of those accounts. We will pay the money into an account in your sole name if you have one and will pay it into a joint account if you do not.“The payment will appear on your current account statement as Nationwide Fairer Share Payment. We will not make the payment in any other way and if you do not have an open Nationwide current account when we try to make the payment, you will not be eligible to receive it.”It provides: “We will decide whether you are eligible for the payment based on the information we hold about you and the products you have with us. We always do our best to ensure that the information is accurate and complete, but incomplete, inaccurate, or out of date information may mean we wrongly exclude you from the payment.“We will make the payment if we find out you were wrongly excluded, but we will not be liable for any other loss you may incur if this happens. We also cannot guarantee how quickly an application for a qualifying product might be completed and therefore will not be responsible if you miss out on the payment because of a delay in opening a relevant product.“If, after checking your eligibility, you think you have been wrongly excluded, please get in touch and if we have got it wrong, we will take steps to put it right.”
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