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Nationwide Completes 95% of £50 'Big Thank You' Payments with Final Distributions Imminent

The building society's £50 member reward, tied to its Virgin Money acquisition, is set to conclude by April 30, with cheque payments arriving by May 14.

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Overview

  • Nationwide Building Society has distributed 95% of its £50 'Big Nationwide Thank You' payments to over 12 million eligible members.
  • The remaining payments are expected to reach members by April 30, 2025, with cheque payments due by May 14.
  • The £50 reward follows Nationwide's £2.9 billion acquisition of Virgin Money, completed in October 2024, and recognizes members' contributions to the society's financial strength.
  • Eligibility required members to hold Nationwide accounts as of September 30, 2024, and meet specific activity or balance criteria within the prior 12 months.
  • Nationwide has hinted at the possibility of another 'Fairer Share' payment, with a decision expected alongside its 2024/25 financial results in late May.