News

• 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

• Black Friday transactions to be 9 per cent higher than 2023 with Brits expecting to spend average of £278
• Nationwide members predicted to spend £233K per minute on the day, an uplift of 12 per cent versus last year
• Research shows over 80% of people plan to take part in Black Friday and 1 in 3 return up to 5 items each year
• Live data: Consumer spending data (payments and fraud) to be available for media on Black Friday. Spokespeople will be available for interview throughout the day

• Nationwide’s research unwraps generational spending trends on Christmas presents  

• Research shows 42 per cent would consider reducing their spend on presents in favour of charities 

• 60 per cent of Gen Z would swap spending on gifts for donation compared to 28 per cent of Baby Boomers 

• Forms part of a partnership with Action for Children’s Secret Santa campaign – get involved here  

• Mild summer leaves Brits desperate for winter sun as 83% looking overseas for their next holiday
• Nationwide’s Spending Report sees essential costs maintained as non-essential costs fall 4% in September
• Mortgage (17%) and rent payments (19%) increase year on year as Brits continue to deal with higher interest rates
• Start of new school year sees explosion in childcare and education costs as kids head back to classrooms