Nationwide confirms that millions of customers will receive £100 into their accounts without doing anything

Wales Online

30-05-2025

Nationwide confirms that millions of customers will receive £100 into their accounts without doing anything
The building society will pay out a total of £400million to four million customers through its Fairer Share scheme - here's who will receive the bonus payment
Nationwide Building Society are rewarding their customers.
(Image: Mike Kemp/Getty )
Nationwide has revealed that millions of its customers are set to receive another round of £100 bonus payments. The building society is set to distribute a total of £400 million to four million customers.
The bonus cash is part of Nationwide's Fairer Share scheme, which shares the company's profits with its customers. The money will be directly deposited into customers' Nationwide current accounts between 18 June and 4 July. To qualify for the payment, customers must have a current account with Nationwide, as well as either a savings account or mortgage.
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More detailed qualifying criteria for each type of Nationwide current account can be found below. For money-saving tips, sign up to our Money newsletter here .
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Customers' current accounts must have been opened on or before 31 March 2025. For savings accounts, customers must have had at least £100 saved at the end of any day in March 2025.
For those with mortgages, there must have been at least £100 left to pay off on 31 March 2025. Nationwide will contact eligible customers by email or letter by 30 May, reports the Mirror.
This announcement follows a 30% increase in annual profits for Nationwide after it took over Virgin Money.
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Pre-tax profits rose to £2.3 billion for the year ending 31 March, up from £1.8 billion the previous year. However, on an underlying basis, pre-tax profits fell to £1.9 billion from £2 billion, as Nationwide stated it had prioritised offering competitive interest rates to its customers.
Britain's largest building society, Nationwide, today reported record-breaking profits of £3.1billion and further delighted members by declaring a third Fairer Share payout in as many years. This supplementary distribution comes on the heels of a milestone year that witnessed Nationwide reward its customers with a staggering £2.8billion in benefits.
Members had already reaped a one-off £50 reward earlier this year, celebrating the successful integration of Virgin Money.
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Nationwide's prosperity has led to a succession of lucrative payouts for its customers. In the previous year, 3.85 million qualifying members shared £385million after the building society unveiled £2billion in profits.
A similar £340million windfall was distributed to 3.4 million eligible account holders in 2023.
Commenting on the company's remarkable performance, Nationwide's Chief Executive, Debbie Crosbie, stated: "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."
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They have said that the bonus will be payed between Wednesday, June 18 and Friday, July 4 to those eligible.
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.
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.
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.
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