Nationwide to pay 50 pounds of up to £ 12 million each

More than 12 million nationwide customers each receive 50 pounds in the largest British construction company, which after the purchase of Virgin Money was a “thank you” last year.

The competition of £ 600 million is paid to those who kept either a nationwide savings or a checking account with £ 100 or a nationwide mortgage at the end of September.

Payment of £ 50 will be made between April 9th ​​and the end of the next month or until May 14, if it is not possible to pay the money to an account, and it must be sent by check-for example if a customer has a fixed bond with a fixed note.

The customer was informed of whether the money is paid and they have to keep Open your account or mortgage until the money is paid.

Nationwide, which belongs as a mutual property to its 16 million members, took over Virgin Money in October with £ 2.8 billion, which strengthened his status as the second largest mortgage gear. The construction company, which lasts around £ 210.8 billion, does not pay dividends, but has passed the money on to the members in recent years.

In the past two years, due to its fairer share of shares in nationwide, £ 100 have given more than three million qualification members, what Debbie Crosbie, Chief Executive from Nationalwide said, it was “well positioned to repeat” this year.

These payments – £ 385 million last year and £ 344 in 2023 – were criticized by some nationwide customers, since only about 20 percent were justified for them. Nationwide has usually committed a checking account to receive money into IT and do payments in two months of a period of three months and either have a savings account or a mortgage.

The payment of 50 GBP “Thank you” has more relaxed criteria, so that about three times as many nationwide customers seem to be.

Crosbie said: “The big national thank you recognizes the role that our members played in building up the financial strength that made the Virgin money deal possible.”