Nationwide members who are 'most likely' to get £100 bonus
Nationwide may well be about to distribute millions of £100 'fairer share' bonuses to customers who meet certain criteria. The world's biggest building society made these payments in 2023 and then again last year.
While the free cash has not yet been confirmed for 2025, Nationwide said earlier this year that it hoped to repeat the bonuses. An announcement is expected to be made this month.
And back in February the team at Martin Lewis' Money Saving Expert (MSE), outlined how Nationwide members could 'max their chances' of receiving the payment. MSE said any payments would likely be made in June.
Last year, Nationwide said it would be 'sharing our profits with nearly 4 million of our members,' adding that the 'Fairer Share Payment is our way of rewarding those members who choose us for their everyday banking as well as having savings or a mortgage with us.'
At the time Nationwide explained the criteria: 'Members will need a qualifying current account plus either qualifying savings or a qualifying mortgage. And they would have needed to meet this criteria when we last checked on 31 March 2024.'
In 2024, most members received their payments between June 13 and June 28 and MSE suggested those most likely to get the cash this year, if the scheme runs again, should have had their accounts open until at least March 31. People were also advised to actively use the accounts during the first quarter of 2025.
Previous eligibility criteria has also differed, depending on which type of account is held. FlexAccount, FlexBasic, and FlexDirect holders were required to deposit a minimum of £500 in two of the first three months of the year and make two payments from your account, or you'll need to make 10 or more payments from your account over this same period.
The MSE article highlighted that this second option was a benchmark in 2024 but not in 2023.
MSE guidance further explained: MSE further explains: 'For those with a FlexPlus packaged account: Just paying the fee counts. For those with a FlexOne, FlexGraduate, FlexStudent account: Make a payment IN or OUT of your account in March 2025. Payments can include debit card transactions, Direct Debits, bank transfers and standing orders (but not transfers to other Nationwide accounts you have).'
In addition to these steps, MSE said you'll also need to have at least £100 in savings, or owe at least £100 on a mortgage with Nationwide, in March 2025, according to MSE. However, it said this was all just based on previous criteria and there are 'no guarantees'.
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