Nationwide issues update on £50 bonus payments and reveals 'last day'

Nationwide has been issuing bonus payments to 12 million customers this month - and the final day for payments will be April 30

Nationwide is set to disburse the last of its April bonus payments to customers over the course of the next week. As part of Nationwide's 'Big Thank You' initiative, upwards of 12 million customers will receive these bonus payments this month.

Although many eligible customers have already received their payments, the final batch of payouts is still pending and will be settled by the end of April, specifically on the 30th, according to Nationwide.

All eligible recipients can expect their bonus payment by that date, potentially injecting more cash into accounts in the coming days.

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The Nationwide bonus eligibility spans a broad range of customers, encompassing those with active current accounts, savings accounts, and mortgages, where at least £100 is held or owed, and where activity was recorded in the twelve months leading up to September. It is also contingent upon the customer still holding an active Nationwide account.

Throughout April, a sizeable number of Nationwide customers have spotted the bonus entries in their accounts.

The April bonus scheme was announced in the aftermath of Nationwide's acquisition of Virgin Money, prompting CEO Debbie Crosbie to say, "It's another of the very real benefits of being a member of Nationwide and our modern mutual model."