Nationwide Announces £50 Payment to Over 12 Million Customers Following Virgin Money Acquisition

The £600 million 'Big Nationwide Thank You' rewards members for their role in building the financial strength enabling the merger.

Nationwide will distribute £50 to more than 12 million eligible customers as a gesture of appreciation following its £2.8 billion acquisition of Virgin Money in October 2024.
The payments, totaling £600 million, will be made between April 9 and May 14, 2025, with eligibility based on having a savings or current account with at least £100 or a mortgage as of September 2024.
Nationwide, the UK’s largest building society, has emphasized the role of its members in strengthening its financial position, which made the merger possible.
This initiative follows previous member payments under the Fairer Share scheme, where £100 was distributed to nearly 4 million members in 2023 and 2024.
Nationwide has pledged not to close any branches for three years post-merger and continues to highlight the benefits of its mutual model for customers.