More than 3 million Nationwide building society members are in line for a £100 windfall if they meet certain account criteria
More than 3 million Nationwide building society members are in line for a £100 windfall if they meet certain account criteria
Nationwide building society will be making a £100 payment to some of its members as part of a share of profits Nationwide has more than 600 branches up and down the country, more than 16 million members and offers banking services such as, it plans to distribute £385m to around three million members who use Nationwide for their everyday banking and have a qualifying savings or mortgage product this month.
“This is only possible because we are owned by members and all our profits are reinvested for their benefit.”The £100 payout is referred to by the building society as the Nationwide Fairer Share Payment, a scheme which was launched last year. As it is a building society, it has members as well as customers and for some members there is the opportunity to share in the profits it has made in the last financial year.Who is eligible to receive the payment?A qualifying current account and qualifying savingsAccounts must have been open on 31 March, 2024 and for each type of account there are additional qualifying criteria.
Recipients will not need to do anything as long as they have an open current account with Nationwide, it will be transferred directly to the account.Saving and Banking
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