Portman Building Society’s 1.8 million qualifying members can expect payouts of between £200 to £1,000 pursuant to the building society’s 2007 takeover by Nationwide.
For savers, the merger bonus will be worth 5.75% of either their total balance at the close of business on September 11, 2006, the day before the merger was announced; or of their total balance on Friday, August 24.
Payments will average £445, and will be distributed September 17, 2007. Note Nationwide members are not eligible to receive a windfall.
Also, on 31 October 2007, Nationwide Building Society, the UK’s second largest savings provider, announced that it will be launching a campaign to reunite 24,000 members with money held in unused accounts with the Society. Nationwide has approximately £42 million in dormant accounts!
Customers who would like to reactivate a dormant account can do so by visiting their local branch with their passbook or card or, if these are lost, proof of identity. You may also submit an online claim form requesting account records to be searched – see below.
Portman Takeover Bonus Unclaimed Windfall
|Nationwide Building Society|
Nationwide House - Pipers Way
|Merger Helpline: 0845 840 6000|
Dormant Account Claims Form