Nationwide points funds warning to tens of millions of Christmas consumers

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Your assist makes all of the distinction. Learn extra Following one other huge Black Friday gross sales interval, Nationwide has issued a warning to its members, urging them to stay “vigilant” within the run as much as Christmas.

Clients made 31.2 million transactions over the Black Friday weekend, the favored constructing society has revealed, up practically two million from final 12 months.

In the meantime, the precise day (28 November) noticed a document 11.9 million transactions, up 8.7 per cent from final 12 months’s 10.9 million.

This decide up in spending exercise would counsel an analogous pattern to observe on Friday 12 and Saturday 13 December, Nationwide says, including that it's anticipating 20.6 million transactions on these two days.

Commenting on the info, Mark Nalder, service, operations & efficiency director at Nationwide stated: “Regardless of continued decrease client confidence as we head in the direction of Christmas, it’s encouraging to see that we’re anticipating larger volumes of spending on Christmas buying than the earlier 12 months. These peak durations might be extremely busy days for retailers as customers race to complete their buying.”

<img src="https://static.independent.co.uk/2025/11/20/7/03/GettyImages-2065806033.jpeg" srcset="https://static.independent.co.uk/2025/11/20/7/03/GettyImages-2065806033.jpeg?quality=75&width=320&crop=3%3A2%2Csmart&trim=0%2C0%2C0%2C0&auto=webp 320w, https://static.independent.co.uk/2025/11/20/7/03/GettyImages-2065806033.jpeg?quality=75&width=640&crop=3%3A2%2Csmart&trim=0%2C0%2C0%2C0&auto=webp 640w" loading="lazy" alt="Nationwide has issued a warning to its members" class="sc-1mc30lb-0 ggpMaE"/> Nationwide has issued a warning to its members (Getty Pictures) Nevertheless, the constructing society has additionally urged consumers to be cautious of a rising variety of potential scams over the Christmas interval. Pretend offers threaten to wreck the festive interval for these speeding to get their presents, it warns.

Mr Nalder stated: “It is also extra essential than ever to pause and assume earlier than making a purchase order to make sure that you’re paying the very best worth and to be looking out for potential scams, whether or not that's in-person, on-line buying, or on social media.”

“Platforms like Snapchat and Telegram confirmed the most important year-on-year improve in reported social media scams in keeping with our information so it’s essential that consumers stay vigilant for any offers that appear too good to be true.”

Within the face of this rising difficulty, Nationwide has issued its high tricks to all Christmas consumers this 12 months:

Get a free fractional share price as much as £100.Capital in danger.

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Get a free fractional share price as much as £100.Capital in danger.

Phrases and situations apply.

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Be sceptical of urgency – scammers usually apply strain to behave fastUse safe fee strategies and attempt to keep away from financial institution transfersReport suspicious exercise to financial institution/constructing society and Motion Fraud immediatelyWhen attainable, consumers can test with their constructing society or financial institution earlier than making any fee. The constructing society factors to its 24/7 fraud line, alongside its Rip-off Checker service, which ensures that if prospects test a fee is reliable beforehand, after which get scammed, the financial institution will refund them absolutely.

Shopper consultants have additionally suggested consumers to evaluate festive provides this season, as current analysis from Which? revealed that many obtainable offers have been really cheaper at one other time of the 12 months.