Nationwide announces £100 payments for millions - eligible customers confirmed

Nationwide has announced millions of customers will receive another round of . The bonus cash is being distributed to over four million people through its Fairer Share scheme, which sees the building society share its profits with customers.

The money will be paid directly into your Nationwide current account between June 18 and July 4. In order to get the payment, you need to have a qualifying current account, plus a savings account or mortgage with .

You can find more in depth qualifying criteria for each type of Nationwide current account below. Your current account must have been opened on or before March 31, 2025.

READ MORE:

READ MORE:

For savings accounts, you must have had at least £100 saved at the end of any day in March 2025. If you have a mortgage, you must have had at least £100 left to pay off on March 31, 2025. Nationwide will contact you by email or letter by May 30.

It comes after Nationwide recorded a 30% jump in annual profits following its takeover of Virgin Money. Pre-tax profits were £2.3billion for the year to March 31, up from £1.8 billion the previous year.

On an underlying basis, pre-tax profits fell to £1.9billion from £2billion as Nationwide said it had focused on offering competitive interest rates to customers. The group also paid out a record £2.8billion to members in rewards.

This included a separate £50 thank you bonus to its customers earlier this year following the Virgin Money takeover. The update today means Nationwide has now announced three Fairer Share payments.

Last year, a total of £385million was paid out to 3.85 million customers after the building society announced profits of £2billion. In 2023, Nationwide distributed £340million to 3.4 million eligible members.

Debbie Crosbie, Nationwide’s Chief Executive, said: “Nationwide has had an outstanding twelve months. We returned a record £2.8billion 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.”

Nationwide Fairer Share - qualifying current accounts

Here is the additional qualifying criteria for each Nationwide current account:

• FlexOne, FlexStudent or FlexGraduate: You must have received at least one payment in, or made one payment out of your account, during March 2025. This does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025 and March 31, 2025.
• FlexAccount, FlexDirect or FlexBasic: In two of the three months of January 2025, February 2025 and March 2025, you must have received at least £500 into your current account, not including transfers from other Nationwide accounts and have made at least two payments out of your current account, or you must have made at least ten payments out of your current account. Again, this does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025 and March 31, 2025.
• FlexPlus: Pay the monthly fee for maintaining the account.