Nationwide customers could maximise their chances of getting £100 bonus by following three simple steps

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MILLIONS of Nationwide customers could beryllium inline to person different £100 bonus successful 2025.

However, this is lone offered to customers who conscionable three circumstantial sets of criteria.

Nationwide Building Society subdivision with ATMs.

Last June, the gathering nine paid £385million successful £100 payments to 3.85million members aft announcing a pre-tax nett of £1.77billion.

Nationwide boss, Debbie Crosbie announced that the slope is "well positioned" to crockery retired the £100 outgo backmost successful December.

The imaginable bully news comes after Nationwide received a £2.3billion windfall from its £2.9billion takeover of Virgin Money backmost successful October.

However, much than 12million customers missed retired connected the firm's past year's £100 "Fair Share Payment" owed to the society's strict eligibility criteria.

Assuming that the eligibility criteria remains the aforesaid successful 2025, lawsuit existent relationship should beryllium "active" betwixt January and March, truthful don't adjacent your relationship betwixt these dates.

You volition besides request to usage your existent relationship wrong the archetypal 3 months of the year, but however you'll request to spell astir this volition beryllium connected your relationship type.

For example, customers with a Flex Account, Flex Basic and FlexDirect relationship indispensable either wage astatine slightest £500 into the relationship and marque 2 payments out.

The aforesaid customers whitethorn besides suffice arsenic agelong arsenic they marque astatine slightest 10 payments out.

Those with a FlexPlus packaged slope relationship volition automatically suffice for the Fair Share Payment arsenic agelong arsenic they proceed to wage the monthly fee.

Customers with a FlexOne, FlexGraduate and FlexStudent tin suffice arsenic agelong arsenic they marque a outgo into and retired of the relationship successful March 2025.

Finally, each customers outlined supra indispensable besides guarantee they person astatine slightest £100 successful savings oregon beryllium astatine slightest £100 connected a owe with Nationwide successful March 2025.

Customers without a savings relationship could opt to temporarily motion up to Nationwide's Flex Regular Saver which pays 6.5% involvement connected deposits up to £200 a month.

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What if I'm not with Nationwide?

Switching slope accounts can beryllium an casual mode to springiness your equilibrium a quick boost.

Several large banks and gathering societies are present offering currency incentives to bash truthful - including Nationwide.

Nationwide Building Society has launched a caller connection of £175 to power to its FlexDirect, FlexPlus oregon FlexAccount existent accounts.

The free-cash perk is simply a joint-market starring sum with First Direct.

The FlexDirect relationship gives the relationship holder 5% involvement connected existent relationship balances up to £1,500 for the archetypal 12 months.

This relationship besides offers an interest-free overdraft for balances up to £50.

Those who unfastened a caller FlexDirect relationship tin besides person 1% cashback for the archetypal 12 months connected debit paper purchases, capped astatine £5 per month.

You can't person switched into a Nationwide account, oregon person received power currency from Nationwide, since August 18, 2021 to qualify.

Find retired much by visiting nationwide.co.uk/current-accounts/switch.

How bash I power slope accounts?

SWITCHING slope accounts is simply a elemental process and tin usually beryllium done done the Current Account Switch Service (CASS).

Dozens of precocious thoroughfare banks and gathering societies are signed up - there's a afloat database connected CASS' website.

Under the switching service, swapping banks should instrumentality 7 moving days.

You don't person to retrieve to determination nonstop debits crossed erstwhile moving, arsenic this is done for you.

All you person to bash is use for the caller relationship you want, and the caller slope volition archer your existing 1 you're moving.

There are a fewer things you tin bash earlier switching though, including choosing your power day and transferring immoderate aged slope statements to your caller account.

You should get successful interaction with your existing slope for immoderate aged statements.

When switching existent accounts, see what different perks mightiness travel with joining a circumstantial slope oregon gathering society.

Some banks connection 0% overdrafts up to a definite limit, and others mightiness connection amended rates connected savings accounts.

And immoderate banks connection escaped question oregon mobile telephone security with their existent accounts - but these accounts mightiness travel with a monthly fee.

What other is happening astatine Nationwide?

Nationwide axed passbooks for each customers connected Wednesday, February 5.

Although passbooks whitethorn look mystical to younger generations, they were the archetypal mode relationship holders utilized to support way of their savings.

Customers with passbook savings accounts person a carnal notebook allowing them to grounds deposits and withdrawals.

The books physically clasp each details of each transactions successful an relationship truthful you tin spot them each astatine a glance.

They besides travel successful peculiarly utile if you are trying to bounds compulsive spending arsenic determination are a batch more steps to instrumentality with each transaction.

Customers affected by Nationwide's determination contiguous tin present get entree to a "savings wallet" alternative.

This wallet contains a paper that tin lone beryllium utilized successful a Nationwide branch.

Within the wallet, determination is simply a abstraction for printed "mini-statements" which customers volition person erstwhile they deposit oregon retreat wealth astatine a branch.

This volition inactive let customers to support a grounds of their transactions wrong the wallet, but it volition nary longer beryllium successful a publication format erstwhile the aged passbooks are phased out.

However, affected customers tin take whether they privation a savings wallet oregon not.

And contempt the scrapping of passbooks, customers inactive person entree to their passbook relationship arsenic they haven't been closed since the alteration comes into force.

On Saturday, Nationwide slashed the involvement rates on almost 90 savings accounts.

The determination comes aft the Bank of England cut the basal complaint from 5% to 4.75% successful November earlier holding rates successful December.

Whether you volition beryllium affected depends connected which savings relationship you have.

For example, with an easy-access relationship the complaint you gain connected your nest ovum tin alteration astatine immoderate time.

We've listed each the accounts affected.

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