The building society has just announced some bonus cash payments for customers

It marks the fourth year in a row where Nationwide is paying the bonuses, with the building society confirming the news as part of its full-year financial results

Nationwide released a market update on Thursday, where the building society's income boomed on the back of consumer lending.

The building society made a pre-tax profit of £1.49 billion for the year to the end of March, down from the £2.3 billion it made last year.

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Millions of Nationwide customers are set to receive a £100 payment

Nationwide is alerting millions of its customers

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The building society has just announced some bonus cash payments for customers

And those who do will need to do so by June 8