Where is my Nationwide £100 bonus? Dates and eligibility explained as first payments arrive
For the third year running, this 'Fairer Share' payment will be distributed to millions of Nationwide members. The bank says this includes more than 4 million people in 2025, up from 3.85 million last year and 3.4 million the year before.
The initiative will cost the building society £400 million – the most it has ever distributed as part of the Fairer Share Scheme.
As with previous years, receiving the payment will be subject to certain eligibility criteria. The building society explains that it will go to 'eligible members choosing Nationwide for their everyday banking, in addition to holding a qualifying savings or mortgage product'.
Most people have now received their payment, as Nationwide confirms that 99.97 per cent of eligible members were paid on Wednesday.
The building society said the remaining eligible members should receive their payments by 4 July at the latest.
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 due to Nationwide being in a strong financial position.
'That strength, combined with our mutuality, meant we were able to return a total of £2.8bn in value to members in the last financial year.'
The payment comes after Nationwide saw a 30 per cent jump in annual profits after an 'outstanding' year that saw it complete the takeover of Virgin Money. The firm was able to pay its members a one-off £615m 'Thank You' reward earlier this year following the deal.
The firm completed the £2.9bn takeover, which saw the bank become the UK's second-largest mortgages and savings provider, behind Lloyds Banking Group.
The group said integration of the acquisition was 'progressing well'.
Nationwide said it was continuing to run the two businesses separately initially after the acquisition, and had no plans for job cuts in the short term.
But Ms Crosbie said it was 'too early to say' what impact there would be on staff of the combined group further out as it integrates the businesses.
'Every business always reviews its workforce, and we'll continue to do that on an ongoing basis, but it's too early to say if there'll be an impact on the broader workforce,' she said.
She also signalled Nationwide would keep Virgin Money's Newcastle headquarters, with Ms Crosbie saying 'the current footprint that we have will remain the same'.
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