Nationwide pays out 99% of all £100 Fairer Share payments in one day - have you got yours?
Today marks the first day its Fairer Share offer payouts started, which was announced in May.
And Nationwide says it has 'all but completed' the payments already to eligible customers.
It has processed 99.97 per cent of payments to eligible members, with the remaining 0.03 per cent due to be completed by 4 July at the latest.
It means the mutual has paid out £400million to Nationwide members today making it one of the UK's largest payouts in a single day.
This is the third year running Nationwide has made the Fairer Share payment to members, which it started in 2023.
It came as Nationwide announced profits of £2.3billion before tax in its annual results in May.
As a mutual owned by members not shareholders, Nationwide is able to share some of its profits with its members rather than paying dividends.
To be eligible for the payment this year, Nationwide members needed to have either a current account and savings account, or a current account and a mortgage.
To be a qualifying current account, your account must have been open on 31 March 2025.
Qualifying members must still have a current account open in June.
Your savings will have qualified for the current account if you had at least £100 in total or in one or more savings accounts or cash Isas with Nationwide at the end of any day in March 2025.
To be a qualifying mortgage customer, you must have had at least £100 on your Nationwide residential mortgage on 31 March 2025.
In total, Nationwide has now paid eligible members more than £1billion in cash in 2025.
In addition to the £400million Fairer Share offer, Nationwide paid out £615million to members in its Big Thank You payment, which gave over 12million eligible members £50 to thank customers for enabling the successful purchase of Virgin Money
Stephen Noakes, Nationwide's retail director, said: 'We have already made excellent progress in rolling out this year's Fairer Share payment, having surpassed four million payments in the first day.
'We are delighted to have been able to pay eligible members £100 for the third year running.'
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