Nationwide prospects may obtain £100 bonus from this week – are you eligible?
The latest Nationwide Fairer Share payment is expected to be made to around 4.4 million eligible members
You could be due a £100 cash payout this week if you meet certain criteria(Image: Getty)
Millions of Nationwide customers are set to collect a £100 windfall this week through the building society’s Fairer Share programme. Since its introduction in 2023, Nationwide will have handed out roughly £1.5 billion to members via Fairer Share, which the Society claims shows its commitment to sharing the benefits of financial success with members.
While Nationwide aims to distribute Fairer Share each year, it is not guaranteed and continues to be subject to board approval. As highlighted by the Daily Record, the latest Fairer Share payment, worth around £440 million and helping approximately 4.4 million eligible Nationwide members, will be paid out from Wednesday, June 10.
People can check the full terms and conditions on Nationwide’s website to establish their eligibility. Generally speaking, to meet the requirements for the new payment, people must be a Nationwide member with a qualifying current account, plus either qualifying savings or a qualifying mortgage.
The requirements must have been met by March 31 2026. A current account held with Clydesdale, including a Virgin Money current account, will not qualify as a qualifying current account.
Members may have held qualifying savings if they maintained at least £100 in total across one or more personal savings accounts or cash ISAs with Nationwide at the end of any day in March 2026.
Concerning eligible mortgages, people must have owed Nationwide at least £100 on their Nationwide residential mortgage on March 31, 2026. Virgin Money clients may have lost out this time around, but those who have joined as Nationwide members following the takeover could be entitled to a Fairer Share payout in 2027, which will include qualifying Virgin Money accounts.
Nationwide explained that while it hopes to distribute the payment each year, this will depend on its financial results. Nationwide chief executive Debbie Crosbie said: “More people than ever are choosing Nationwide.
“Our growth in mortgages, retail deposits and personal current accounts is leading the market, which means we can again make a Fairer Share payment to eligible members, and offer a new Member Exclusive Bond to all members.”
Nationwide disclosed that over one million current accounts were launched during the previous year, with exceptionally robust expansion in student banking and branch transfers.
As an extra perk for clients, the building society is also introducing a fresh five per cent “member exclusive” bond, plus a £175 current account switching reward for those moving their current account to Nationwide.
The bond provides a five per cent AER (annual equivalent rate) across 15 months on sums up to £10,000.
