Blow to millions of Nationwide customers as expert says 'upset'

Nationwide building society is handing over £100 cash to eligible members
-Credit: (Image: PA)


Millions of Nationwide Building Society customers are set for disappointment as they miss out on £100. The society's strict conditions mean that many of its customers will miss out on a £100 bonus.

The society's Fairer Share aims to share out the wealth by encouraging saving. However only about 24 per cent, or 3.85 million, of its 16 million customers are eligible.

To qualify for the bonus, customers must have paid at least £500 into a Nationwide current account for two of the first three months of the year and made two payments out.

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They also need to have held £100 in a Nationwide savings account or have owed at least £100 on a mortgage at the end of March.

James Daley from consumer group Fairer Finance said: "This annoyed people last year, and they're doing it again when it's only a small percentage of people who will get it. There are lots of long-term customers who are going to be upset by this, they are losing the PR battle."

Last year, some Nationwide account holders were left confused as to why they did not qualify for the scheme, reports GB News.

Nationwide is tempting customers with a £200 sweetener to switch their current account, complete with two direct debits, to the bank.