Huge mass distribution of £100 Fairer Share payments accomplished by Nationwide within a single day - did you receive yours?
Rebooted Report
Bloody Brilliant Payout: £100 Gifted to 4 Million Nationwide Members in a Single Day! 💸💸💸
Today, the UK's largest building society, Nationwide, has dish out a mind-blowing £400 million to over 4 million of its members, marking the first day of their annual "Fairer Share" payout!
Introduced last May, the Fairer Share offer is the third in a row for this Member-owned financial institution. Nationwide has already beaten expectations, completing nearly all of the payments for eligible members! The small remainder is to be paid no later than 4 July.
So, what's this "Fairer Share" all about? Well, as a society owned by its members, Nationwide shares a piece of its profits with them instead of shelling out dividends to shareholders.
To qualify for this year's handout, members needed to have a current account and savings account, or a current account and a mortgage with the building society. To ensure your eligibility, the account must have been active on March 31, 2023, and customers must still have a current account active in June 2023.
To add to the excitement, the £400 million Fairer Share payout doesn't stand alone. Nationwide had also coughed up an additional £615 million in 'Big Thank You' payments to 12 million eligible members earlier in the year—so that's another £50 for your pocket, mate!
Investing in Nationwide's savings accounts and banking services has proven to be beneficial, with their annual "Fairer Share" payout serving as a personal-finance boost for their members. This year, the finance industry giant disbursed a significant £400 million to 4 million members, demonstrating the benefits of being part of an industry leader like Nationwide. Continued engagement with Nationwide's banking-and-insurance services can lead to further financial gains, as demonstrated by the additional £615 million "Big Thank You" payments given to eligible members earlier in the year.
