Nationwide announces £100 bonus for 4,000,000 members — are you due a payout?
The building society operates as a mutual rather than a traditional bank, meaning it's owned by and run for the benefit of its members.
As such, Nationwide shares profits among account holders (rather than shareholders) as part of its Fairer Share Payment initiative, commenting: '[It's] our way of rewarding those members who choose us for their everyday banking as well as having savings or a mortgage with us
Now, Nationwide has revealed the details of its 2025 one-off payout, with over 4 million Brits set to receive £100 after the building society posted its full year financial results.
Chief executive, Debbie Crosbie, 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.'
Alongside its annual results, the building society shared that its Fairer Share Bonus will be running for the third year in a row, taking the total amount paid through the scheme to more than £1 billion.
For 2025, Each member will receive £100, which will be automatically deposited into your Nationwide current account between June 18 and July 4, appearing on your current statement as 'Nationwide Fairer Share Payment'.
And as with previous payouts, you shouldn't need to make a claim or request the money yourself.
If you think you qualify but haven't heard anything from Nationwide by July 5, get in touch. And don't forget to stay aware of fraudulent attempts at obtaining your personal information to apply for the payment.
To be in the running, customers must hold both a qualifying current account as well as a qualifying savings or mortgage account.
Each of the bank's current accounts (excluding its subsidiaries, such as Clydesdale Bank, Virgin Money or Yorkshire Bank) are eligible, providing certain criteria are met.
The first of these is that the account was open on March 31, 2025 — although those who switched accounts between January 1 and March 31 are exempt from any additional requirements.
Otherwise, Nationwide explains that FlexAccount, FlexDirect or FlexBasic holders must have either: Received £500 in two of the three months of January, February and March 2025, and made two payments from their account
Or , completed at least 10 payments out of the account in two of the three months of January, February and March 2025.
The company adds: 'These are two separate requirements which cannot be combined. For example, if you only paid in £500 and made two payments out in February 2025 and made 10 payments out in March 2025, you will not have met these additional requirements.'
Meanwhile, FlexPlus account holders must have paid their monthly fee, and FlexOne, FlexStudent or FlexGraduate customers need to have made at least one payment in or out during March 2025. More Trending
Those with investment accounts and stocks and shares weren't included in the criteria, but savings account holders qualify if they had a minimum of £100 in total across Nationwide personal savings accounts or cash ISAs at the end of any day in March.
When it comes to mortgages, customers must have owed at least £100 on their residential mortgage with Nationwide on March 31.
Home loans through subsidiaries such as The Mortgage Works, UCB Home Loans Corporation Limited, or Derbyshire Home Loans Limited are excluded from the bonus, as are commercial mortgages and those not completed by March 31.
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If you're not sure whether you fit the bill, you can use Nationwide's eligibility checker to work it out.
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Get in touch by emailing MetroLifestyleTeam@Metro.co.uk.
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