Overview

• Nationwide has distributed £50 payments to millions of members in recognition of their role in the Virgin Money acquisition.
• Payments to current and savings accounts were completed by April 30, while cheques for junior ISAs, Child Trust Funds, and other specific accounts will be sent by May 14.
• Eligibility required members to hold an account as of September 30, 2024, and meet transaction, balance, or mortgage criteria.
• Due to HMRC regulations, payments for child savings accounts, including junior ISAs, must be issued by cheque and can be deposited at Nationwide branches.
• Recipients of cheques, including parents of children with junior accounts, must deposit them by January 1, 2026, to claim the funds.