More than 12 million customers of Nationwide will each receive a payment of £50 following the takeover of Virgin Money. The Nationwide, the UK's largest building society, described the money as a "thank you" to its members,

Nationwide hands £50 ‘thank you’ to 12m customers after Virgin Money buyout - The building society said the move, which will cost about £600 million, is to thank customers after the banking megadeal last year.

Nationwide Building Society will give each of its members £50 as part of its Big Thank You initiative. Most of the payments will be made next month. The payments are a way to show appreciation to members for their role in making the successful acquisition of Virgin Money possible.

A major UK bank has confirmed it will pay out hundreds of millions of pounds to customers in a move it is calling the “Big Thank You”. Nationwide will pay £50 to over 12 million customers as a gesture of appreciation following its acquisition of Virgin Money last year.

Nationwide Building Society customers are set to receive a "Thank You" bonus to celebrate its takeover of Virgin Money. Nationwide acquired Virgin Money in a £2.9 billion deal in October 2024. It marked the biggest UK bank takeover since the 2008 financial crisis and creating the UK's second-largest mortgage and savings group,

The £50 payments linked to the Virgin Money acquisition will be made next month from 9 April, Nationwide said.