£50 Payments in Bank Accounts from from April 9, 2025: Millions of Nationwide customers are set to receive a surprise bonus payment of £50 in their bank accounts very soon. This comes as a “thank you” gesture from Nationwide, following their recent takeover of Virgin Money, and is part of a huge cash giveaway. If you’re wondering whether you’re eligible and when you can expect this money, read on for all the details.
Why is Nationwide Giving £50 to Customers?
Nationwide, which is Britain’s biggest building society, has announced this bonus as a reward for customer loyalty. After buying Virgin Money, Nationwide wants to thank its members for helping make the deal possible.
Debbie Crosbie, the CEO of Nationwide, said:
“The Big Nationwide Thank You recognises the role our members played in building the financial strength that made the deal possible. It’s another real benefit of being part of Nationwide.”
Who is Eligible for the £50 Bonus?
To qualify for the £50 bonus, you need to meet some simple conditions:
- Hold an account with Nationwide:
- This can be a current account, savings account, or mortgage.
- You must have held this account as of 30th September 2024.
- Be an active customer:
- You must have done at least one transaction on your current or savings account, OR
- Had a balance of at least £100 in any of these accounts (including mortgage) between September 2023 and September 2024.
- Still have the account open:
- You must not close your account before the £50 payment is made.
When Will the £50 Be Paid?
- Payments will start from April 9, 2025.
- Most eligible customers should receive their money by the end of April 2025.
- The money will be directly deposited into the eligible Nationwide account, so there’s no need to apply.
Will There Be More Bonuses from Nationwide?
This £50 giveaway has raised hopes that Nationwide’s “Fairer Share” scheme — which gave £100 to millions of customers in the past — might return this summer.
Nationwide is expected to announce in May 2025 whether it will run the Fairer Share £100 giveaway again this year.
Nationwide’s £50 bonus is great news for over 12 million customers. If you meet the eligibility rules, just sit back and wait for the money to appear in your account in April. This move also highlights the benefits of being a member of a mutual like Nationwide — where profits are shared among members, not shareholders. Stay tuned for more updates, especially regarding the possible return of the Fairer Share scheme, which could bring even more cash benefits to customers later this year.
FAQ
Who will get the £50 bonus from Nationwide?
Anyone who had a current account, savings account, or mortgage with Nationwide as of 30th September 2024, and meets the activity and balance requirements, is eligible for the £50 bonus payment.
Do I need to apply for the £50 payment?
No, you do not need to apply. If you meet the eligibility criteria, the £50 will be automatically deposited into your Nationwide account.
When will I receive the £50 bonus from Nationwide?
Nationwide will start paying the £50 bonus from April 9, 2025. Most eligible customers are expected to receive the payment by the end of April 2025.
Is Nationwide planning to give more bonuses in 2025?
Nationwide may bring back its Fairer Share scheme this summer, which previously gave £100 bonuses to members. A decision is expected in May 2025.
What happens if I close my account before receiving the bonus?
If you close your account before Nationwide makes the payment, you will not receive the £50 bonus. You need to keep your account open to get the money.
