Nationwide’s giving away a £50 bonus – are you eligible?

If you’re a Nationwide customer, you could be in line for a £50 bonus.

The payment is a ‘thank you’ following the building society’s takeover of Virgin Money in October.

Here’s everything you need to know.

Who’s getting the bonus?

Over 12 million Nationwide customers could qualify. That includes people with a current account, savings or mortgage with the building society.

Are you eligible?

To get your £50 bonus, you must:

• Have had any current account, savings account or mortgage with Nationwide on 30 September 2024.
• Completed at least one transaction (card purchases, withdrawals, deposits, direct debits, transfers, etc.) between 1 October 2023 and 30 September 2024. Transfers between Nationwide accounts count too.

Or

• Had at least £100 in your current or savings account or owed on your mortgage between 1 October 2023 and 30 September 2024.

Important:

• You must still have your current account, savings or mortgage with Nationwide when the payment is made in April 2025.

You can use Nationwide's online eligibility checker to see if you qualify.

How and when will the bonus be paid?

The bonus will be paid automatically between Wednesday 9 April and Sunday 30 April 2025.

• If you have a Nationwide current account or instant or limited-access savings account, the £50 will go directly into your account.
• If you only have a Nationwide mortgage, you'll be paid to the account linked to your direct debit.
• If you have a Nationwide cash ISA, fixed-rate bond, Child Trust Fund, junior ISA or an account where the money is held in trust, you'll be paid by cheque sent to the address on record by 14 May 2025. So make sure your address is up to date to avoid delays.

Why is Nationwide giving out bonuses to customers?

The bonus is a way for Nationwide to say thanks after their takeover of Virgin Money. They acknowledge the support of their members in building the financial strength that made the deal happen.

Watch out for scams

Sadly, fraudsters jump on opportunities like these to try and trick you with fake bonus claims.

If someone asks you for personal details or urges you to claim the bonus through a link, don’t fall for it.

• Legitimate offers will never ask you to rush or make quick decisions.
• Always double-check the source and think before clicking on links.

For more tips on how to stay safe from fraudsters, read our blog on how to spot a scam and check out our guide on outsmarting online scammers.