Nationwide to Give £50 Each to 12 Million Members After Virgin Money Takeover.

Nationwide is trending in the United Kingdom because Nationwide Building Society is rewarding over 12 million members with a £50 payout following its acquisition of Virgin Money.

The gesture, dubbed the "Big Nationwide Thank You," is part of a wider appreciation effort.

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The £50 reward applies to eligible customers with accounts or mortgages held by 30 September 2024, with payments rolling out from 9 to 30 April.

 Cheques will follow for those without digital deposits.

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In parallel, Nationwide reversed a decision to raise income thresholds for its Helping Hand mortgage, responding to criticism from first-time buyers and housing advocates.