Nationwide customers who won't get extra June £100 payment – are you one?
Nationwide customers could soon receive a free £100 payment, although not everyone will be eligible.
Part of the building society's 'Fairer Share' scheme, millions are set to receive a slice of £400m.
This follows Nationwide's announcement of a hefty £2.3 billion profit for the year ending March 31, 2025.
The Fairer Share initiative was designed to give back to customers by sharing some of the profits, but only those who meet specific criteria will benefit.
To qualify, Nationwide stipulates that you must have had an active current account on March 31, 2025.
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— Nationwide (@AskNationwide) January 2, 2025
If your Nationwide current account wasn't open on this date, unfortunately, you won't be eligible for the bonus.
Additionally, you must have used your current account within the first three months of the year.
For savings accounts to qualify, you must have held at least £100 in one or more personal savings accounts or cash ISAs with Nationwide at any point during March 2025.
Eligible members can expect to see the bonus credited to their accounts between June 18, 2025, and July 4, 2025.
The building society has stated: "We will pay the money into your Nationwide current account by electronic transfer.
"If you hold more than one current account with us, we may pay the money into any of those accounts.
"We will pay the money into an account in your sole name if you have one and will pay it into a joint account if you do not.
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"The payment will appear on your current account statement as Nationwide Fairer Share Payment.
"We will not make the payment in any other way and if you do not have an open Nationwide current account when we try to make the payment, you will not be eligible to receive it.
"We will decide whether you are eligible for the payment based on the information we hold about you and the products you have with us.
"We always do our best to ensure that the information is accurate and complete, but incomplete, inaccurate, or out of date information may mean we wrongly exclude you from the payment."
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