Nationwide Building Society has announced it will give more than 4 million people £100 each.
The new Fairer Share Payment will go to eligible members choosing Nationwide for their everyday banking set to be paid directly into their Nationwide current account between June 18 and July 4.
In order to be eligible, you must have had an open current account with Nationwide on March 31, 2025, and have used your current account within the first three months of the year. What qualifies as “using your account” depends on which current account you have.
Who is eligible?
Account |
What qualifies |
FlexAccount, FlexBasic, FlexDirect |
Either in the first three months of the year, you paid in at least £500 and made two payments out of your account Or in two of the first three months of the year, you made 10+ payments out of your account Or between January 1 and March 31, 2025, you completed a full current account switch to Nationwide |
FlexOne, FlexGraduate, or FlexStudent |
Either made a payment in or out of your account in March 2025 Or completed a full current account switch to Nationwide FlexOne or FlexStudent (not FlexGraduate) between 1 January and March 31, 2025 |
FlexPlus packaged account |
Just as long as you paid the fee |
In addition, you must have had at least £100 in savings with Nationwide at the end of any day in March 2025, or owed at least £100 on a Nationwide mortgage on March 31, 2025.
Those eligible will receive a letter or an email by Friday 30 May. You can also use Nationwide’s eligibility checker.
The building society will also be launching a five per cent Member Exclusive Bond and a £200 member-only switching incentive. The Member Exclusive Bond will be available from today to all 16 million existing members and can be opened in branch, online, or via the app.
Members saving the maximum £10,000 would receive £762.50 in interest after 18 months, which is more than £150 more than they would receive over the same period in the next highest-rate bond.
Debbie Crosbie, Nationwide’s chief executive, said: “Nationwide has had an outstanding twelve months. We returned a record £2.8 billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances, and we remain first for customer service.”
Last year, Nationwide gave £1 billion in direct payments to its eligible members. Today’s full year report shared 5.7 million customers visited its branches last year – a year-on-year increase of four per cent.
The building society also saw an 11 per cent increase in app usage last year and said it added more than 30 news features to its Nationwide and Virgin Money apps last year.
