Nationwide customers have just days left to receive £50 payment – but loophole means some customers could miss out ...Middle East

NATIONWIDE is urging customers to check their bank accounts before Wednesday – or risk missing out on a surprise bonus.

Nearly all the eligible 12 million customers have been given £50 each as part of “The Big Nationwide Thank You”.

The building society is currently wrapping up its final payments – having already paid 95 percent of eligible members.

The remaining 5 percent of payments “should arrive” by Wednesday (April 30), Nationwide‘s website reads.

Nationwide announced: “As long as the account is in your name, the payment should arrive by 30 April 2025.

“If we can’t, and you have a mortgage with us, we will pay £50 into the bank account used to pay your mortgage Direct Debit.”

Payments made by cheque are expected to arrive by May 14.

The “Big Nationwide Thank You” payment was issued as a gesture of gratitude to its members for their contribution to the successful acquisition of Virgin Money.

Nationwide first announced in March 2024 that it had agreed to a £2.9billion deal to take over Virgin Money.

Nationwide chief executive, Debbie Crosbie, said: “Nationwide became even stronger when it bought Virgin Money and we are already improving services for its customers.

“The Big Nationwide Thank You recognises the role our members played in building the financial strength that made the deal possible.”

Customers are only eligible for the £50 payment if they were a Nationwide member on September 30, 2024 – and continue to be.

To qualify for the £50 bonus, Nationwide members must have met at least one of the following criteria in the 12 months leading up to the end of September 2024:

This £50 payment differs to Nationwide’s “Fairer Share” payment which has been issued twice since 2023.

Each year, the payment has been worth £100.

The building society has expressed that it may issue another payment of this kind this year – depending on its financial performance.

It has exclusively revealed to The Sun that customers will find out on May 29 whether the payment will be issued this year or not.

However, Nationwide’s boss Debbie Cross said in December it was “well positioned” to issue the payments.

Of course, eligibility criteria for this year’s payment may be different to previous years.

Based on the assumption that the eligibility criteria remain the same as in 2024, customers will need to have:

They will also need to have used their current account between January and March.

History of Nationwide

NATIONWIDE Building Society, the UK's largest building society, boasts a rich history stretching back to 1846.

Starting as the Provident Union Building Society in Ramsbury, Wiltshire, its initial aim was simple: to help people save and buy their own homes.

Over the years, Nationwide grew through a series of mergers with approximately 250 smaller building societies.

This steady expansion led to significant milestones, such as the first savings boxes offered by a UK financial institution in 1904 and the opening of its first official branch in Birmingham in 1925.

In 1970, reflecting its national reach, the society officially adopted the name “Nationwide”.

Two key mergers shaped the modern Nationwide.

The first, with Anglia Building Society in 1987, significantly increased its size and presence.

The second, with Portman Building Society in 2007, solidified its position as a major force in the UK financial market, bringing together around 13 million members and over £160billion in assets.

More recently, in 2024, Nationwide acquired Virgin Money, further expanding its customer base and reach

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