Millions of people with the whole country to receive the unique payment of £ 50 next month as ‘Great thanks’

Nationwide has begun to send letters to 12 million customers who will receive the single payment in April.

Public members walk beyond the Nationwide Building Society

Millions of customers nationwide will receive a payment of £ 50 in April.(Image: Give kitwood/getty images)

Nationwide is to pay £ 50 to more than 12 million customers next month, which described as a “great thanks” after the purchase of Virgin Money last year.

The company said the purchase made it “an even stronger force in the United Kingdom banking“Adding that this was possible thanks to the” financial force nationwide helped us build. “

The business will spend more than £ 600 million in motion, which called the “Big Nationwide thanks.” Nationwide said in November that Virgin moneywhich bought the previous month, it was worth more than the acquisition price of £ 2.8 billion: the purchase was the largest bank agreement since the financial crisis.

After the agreement, Nationwide is now the second largest provider of mortgages and savings accounts in the country.

When he bought from the lender, Nationwide also stopped Virgin Money’s plans to close some of his branches, as part of a promise of not leaving any city or city where there is currently a branch up to at least 2028.

Who qualifies for the payment of £ 50?

The payments will be made as of April 9 and will be allocated to more than 12 million members who had a saving or current account, or mortgage, at the end of last September.

They must also have a payment to or from their current account or savings, or had a balance of at least £ 100, the company said.

Nationwide will write to members who receive the payment of March 11 to inform them how and when they will get cash.

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

“The great national thanks acknowledges the role that our members played in the construction of the financial strength that made the treatment possible.”

The payment of ‘thanks’ is the last demonstration of its mutual difference, a way of delivering even more value to its members. Since April 2023, Nationwide has provided more than £ 3.5 billion in value of the members, including £ 729 million through two payments of fairer shares throughout the country.

Members can verify whether they qualify and get more information on the Nationwide website here.

The Big Nationwide Thank You is separated from the payment of more fair shares, which throughout the country wants to repeat this year, although this will depend on Nationwide’s financial performance.

A decision will be made in May, when you publish your results for financial year 2024/25.