News

• Cash usage rises for third year in a row with nearly 33 million withdrawals made from Nationwide ATMs last year
• Withdrawals by non-Nationwide customers up 16 per cent- highlighting impact of bank branch and ATM closures
• ATMs not just for withdrawals as nearly half of transactions including mini-statements or paying bills
• Nationwide ATMs in Chiswick, Shotton and Fakenham see biggest rises in withdrawals

• January 2025 debt set to be highest on record while higher energy costs and tax returns will pile on more pressure
• Nationwide data shows debt repayments 4% higher this year vs 2023 as people borrowed more ahead of Christmas
• Debt has risen since the pandemic: customers repaid £796m of debt in January 2024 – 43% more than 2021
• But not all doom and gloom as Brits prepare to banish January blues by booking holidays in the New Year
• Nationwide urges those struggling financially to get in touch with their bank or building society for support

Nationwide has announced adjustments to savings rates in response to the Bank of England Bank Rate decrease of 0.25% on 7 November. Rates affected will change as of 1 February 2025.

• Nationwide’s gambling block and industry partnerships aimed at tackling problem gambling
• Nationwide first to join Gambling Harm Actions Lab to enhance gambling support for customers
• 11% of gamblers bet daily, 28% hide their habit and 4% have lost more than £1k on a single bet, poll shows
• But research also highlights one in five would refuse to seek help if their gambling became an issue
• Younger people most likely to bet daily, spend the most, and more likely to hide their gambling

Nationwide is today (13 December 2024) launching new issues of its Triple Access and Flex Instant Access accounts.

• Average household spending over £600 per month on childcare but a third considering giving up work
• Cost of childcare rated as ‘expensive’ by 79% of respondents with just 16% saying costs are ‘about right’
• 60 per cent say that the cost of childcare has put them off having any further children
• Research found that children are attending a childcare setting on average 3.5 days per week

• Seven in ten (70%) are more stressed or anxious about their financial situation this Christmas
• 26% say they will use second-hand websites like Depop, Vinted and eBay to look for Christmas presents
• Brits planning to spend an average of £813 on Christmas including presents, travel, food and entertainment
• Comes as Nationwide offers £175 to those switching to one of its current accounts this festive season

By 5pm today, Nationwide customers have made 7.39 million transactions - 16 per cent higher than a typical Friday.

By 2pm today, Nationwide customers have made 5.24 million transactions - 18 per cent higher than a typical Friday.

By 12pm today, Nationwide customers have made 3.59 million transactions - 20 per cent higher than a typical Friday.

By 9am this morning, Nationwide customers have made 1.66 million transactions - 21 per cent higher than a typical Friday.

• Nationwide warns ‘buyer beware’ as data reveals ‘old school’ fraud tops the table[i] in 2024
• ‘Card not present’ fraud accounts for nearly a quarter of cases
• Monday before Black Friday led to 25% spending spike in 2023 while Nationwide predicts Friday to be busiest day ever[ii]
• Live data: Consumer payments and fraud data will be available on request throughout Black Friday