Nationwide customers to get £50 each after Virgin Money deal

Published On Mar 11, 2025, 6:33 AM

Nationwide members will receive £50 each as a thank you for their support amid the recent acquisition of Virgin Money. This £600 million payout affects over 12 million customers, but approximately 4 million will not qualify due to eligibility criteria. The payment comes in light of criticism regarding member voting rights during the acquisition process. Nationwide now holds a strong position as the UK's second-largest mortgage and savings provider due to this deal.