Seven money changes coming in June and how they'll impact your bank account

Households have been keeping a watchful eye on their finances as the cost of living crisis continues.

It's important to be aware of anything which will impact your money, whether for better or worse. A few changes are being made in June, with two Tesco Clubcard shake-ups on the way - one of which will see the value of points reduced.

Elsewhere, in a welcome boost, the £150 disability cost of living payment will start to be sent out to more than six million eligible households. Nationwide Building Society is also giving 3.4million customers a one-off £100 payment after raking in £2.2billion in profits, reports the Mirror.

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There will be another inflation update and Bank of England interest rates announcement coming next month. June will also mark four weeks before the energy price cap decreases, and there is an important step you should take before it comes into place.

Here are everything you need to know about the changes being rolled out in June - and what they mean for you.

Nationwide is paying out £100 to around 3.4million of its customers between June 13 to June 30. The money will be paid automatically - meaning you don't need to apply for it - and will show on your bank statement as "Nationwide Fairer Share Payment".

To be eligible for the payment, you need to have a qualifying current account, plus a savings account or mortgage product with Nationwide. Current accounts must have been opened on or before March 31, 2023, and still be open in June to receive the cash reward.

Tesco shoppers will be hit by two Clubcard changes on June 14. The first shake-up will see the value of Clubcard points when redeemed against a "Rewards Partner" reduced.