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Nationwide Targets April 2 Transfer of Virgin Money, With 2026 Payout Decision Due in May

Members can still receive a £175 switching bonus as the society maintains its branch pledge to 2030.

Overview

  • Virgin Money is set to be legally transferred into Nationwide by April 2, 2026, subject to court approval.
  • Nationwide’s board will decide on any 2026 Fairer Share Payment after its financial year end, with the outcome to be announced alongside full‑year results in May.
  • The Fairer Share scheme has delivered multiple payouts since 2023, with some eligible members receiving around £300 in total.
  • Following the Virgin Money acquisition, more than 12 million customers received a £50 ‘thank you’ payment, totaling over £600 million.
  • Nationwide cites a reported total of 969 branches across the combined network and has pledged to keep all branches open until at least 2030.