{"id":108920,"date":"2025-05-13T11:30:00","date_gmt":"2025-05-13T10:30:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=108920"},"modified":"2025-05-13T10:39:16","modified_gmt":"2025-05-13T09:39:16","slug":"nationwide-offers-50-bonus-eligible-members","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/nationwide-offers-50-bonus-eligible-members\/","title":{"rendered":"Nationwide Offers \u00a350 Bonus to Eligible Members After Virgin Money Acquisition"},"content":{"rendered":"\n<p>Nationwide Building Society has confirmed the terms under which certain members are receiving a \u00a350 payout. The payment, described by the society as a \u201cbig thank you\u201d, is part of a one-off initiative to reward loyalty following its recent acquisition of <em>Virgin Money<\/em>. This move is set to benefit millions of customers across the UK. <\/p>\n\n\n\n<p>According to a report by <em><a href=\"https:\/\/www.devonlive.com\/news\/cost-of-living\/nationwide-explains-rule-members-free-10174885\" data-type=\"link\" data-id=\"https:\/\/www.devonlive.com\/news\/cost-of-living\/nationwide-explains-rule-members-free-10174885\" target=\"_blank\" rel=\"noreferrer noopener\">Devon Live<\/a><\/em>, the building society launched this gesture to \u201crecognize long-standing member relationships\u201d during a period of transition. <\/p>\n\n\n\n<p>Nationwide has made it clear that only qualifying members meeting specific criteria will receive the bonus, either by direct deposit or cheque.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Eligibility Criteria Based on Membership and Account Activity<\/h2>\n\n\n\n<p>The \u00a350 \u201cbig thank you\u201d bonus is available to members who met two conditions: they had to be customers as of September 30, 2024, and still maintain an active membership at the time of the payment. In addition, members must have satisfied at least one of the following criteria between October 1, 2023, and September 30, 2024:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Made at least one qualifying transaction on a <em>Nationwide<\/em> current or savings account<\/li>\n\n\n\n<li>Held a combined balance of at least \u00a3100 in current and\/or savings accounts<\/li>\n\n\n\n<li>Owed at least \u00a3100 on one or more <em>Nationwide<\/em> residential mortgages<\/li>\n<\/ul>\n\n\n\n<p>Members who switched to a <a href=\"https:\/\/en.econostrum.info\/uk\/nationwide-customers-receive-bonus-payments\/\" target=\"_blank\" data-type=\"post\" data-id=\"107632\" rel=\"noreferrer noopener\">Nationwide<\/a> current account using the <em>Current Account Switch Service<\/em> between July 1 and September 30, 2024, also meet eligibility requirements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Distribution Schedule and Payment Channels<\/h2>\n\n\n\n<p>The majority of payments were made by April 30, 2025, either via direct deposit into members\u2019 <em>Nationwide<\/em> current, instant access, or limited access savings accounts. In the case of mortgage customers, the \u00a350 was transferred into the bank account used for their mortgage direct debit.<\/p>\n\n\n\n<p>Remaining payments will be issued by cheque, with dispatch scheduled to be completed by May 14, 2025. These cheques must be cashed before January 1, 2026, to remain valid.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Cheque Deposits and Account Restrictions<\/h2>\n\n\n\n<p>The society clarified that recipients are not restricted to depositing the cheque into a <em>Nationwide<\/em> account. One customer asked via social media:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>If I&#8217;ve received the big thank you \u00a350 via cheque, can it be paid into a different bank (TSB) that&#8217;s in my name or does it have to be payed into Nationwide?<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>Nationwide responded :<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>You can deposit the cheque into any account in your name.<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>This condition was reaffirmed by the organization, stating that a cheque can be deposited \u201cas long as the account is in your name.\u201d<\/p>\n\n\n\n<p>This \u00a350 payment is not a recurring benefit or tied to government policy. It is a discretionary distribution initiated by <a href=\"https:\/\/en.econostrum.info\/uk\/nationwide-cuts-mortgage-rates-market-shifts\/\" target=\"_blank\" data-type=\"post\" data-id=\"104639\" rel=\"noreferrer noopener\">Nationwide Building Society<\/a>, directly linked to its recent acquisition of Virgin Money. The gesture aims to acknowledge and reward ongoing member loyalty during this period of organizational change and expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eligible Nationwide members must have met specific account activity or balance criteria by September 30, 2024.<br \/>\nPayments are made via direct deposit or cheque, with a cashing deadline set for January 1, 2026.<\/p>\n","protected":false},"author":9,"featured_media":108921,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-108920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/108920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=108920"}],"version-history":[{"count":2,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/108920\/revisions"}],"predecessor-version":[{"id":108923,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/108920\/revisions\/108923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/108921"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=108920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=108920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=108920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}