- Millions of Nationwide customers are set to receive a £100 payment as part of the building society's Fairer Share scheme, which has distributed approximately £1.5 billion to members since its inception in 2023.
- The latest £100 payment, totalling around £440 million for approximately 4.4 million eligible members, will be disbursed starting from 10 June.
- To qualify, members must hold a Nationwide current account along with either qualifying savings (at least £100 in personal savings or cash ISAs) or a qualifying mortgage (owing at least £100) by March 31, 2026.
- Nationwide's announcement follows a drop in its annual pre-tax profits to £1.49 billion for the year ending March, down from £2.3 billion the previous year, partly due to its acquisition of Virgin Money.
- While Virgin Money customers are generally not eligible for this specific payment, they could qualify for future Fairer Share payments in 2027 if they become Nationwide members through the transfer; the society also offers a new 5% member-exclusive bond and a £175 switching incentive.
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