Nationwide Customers Could Receive £100 Bonus in June - Eligibility Criteria Explained
Nationwide Building Society customers might be in line for a complimentary £100 payment this June, according to financial experts. The potential windfall, part of the society's "Fairer Share" initiative, is anticipated to be announced in May, but eligibility hinges on meeting specific conditions earlier in the year.
What Is the Fairer Share Bonus?
For the past three years, Nationwide has distributed a £100 bonus to qualifying existing customers under the "Fairer Share" scheme. In 2025, the building society paid out a substantial £400 million to four million members. While this year's payment is "likely" but "not guaranteed", the pattern suggests a similar announcement could be made in the coming months.
Money Saving Expert (MSE) recently provided an update, noting that the final decision will be confirmed as part of Nationwide's full-year results in May. Historically, the scheme has been announced in May and paid in June, with eligibility based on actions taken in January, February, and March.
How to Qualify for the £100 Payment
Assuming Nationwide maintains similar criteria to previous years, customers must adhere to two fundamental rules. Firstly, do not close your Nationwide current account until at least 31 March 2026. Secondly, actively use your current account during the first three months of the year. Even if you missed the January window, you can still qualify by meeting the requirements in February and/or March.
The specific criteria vary depending on your account type:
FlexAccount, FlexBasic, or FlexDirect Accounts
For holders of these accounts, you need to fulfil one of the following options in two of the first three months of 2026:
- Pay in at least £500 from a non-Nationwide account (e.g., your salary) and make two payments out of your account.
- Make 10 or more payments out of your account.
- Alternatively, complete a full current account switch from another provider to Nationwide between 1 January and 31 March 2026.
FlexOne, FlexGraduate, or FlexStudent Accounts
If you hold one of these accounts, you must either:
- Make a payment in from a non-Nationwide account or make a payment out of your account in March 2026.
- Complete a full current account switch to Nationwide FlexOne or FlexStudent (not FlexGraduate) between 1 January and 31 March 2026.
FlexPlus Packaged Account
For this account type, qualification is straightforward: simply pay the monthly fee as required.
It is crucial to note that payments in must originate from a non-Nationwide account. Payments out can include debit card transactions, Direct Debits, bank transfers, and standing orders, but exclude transfers to other Nationwide accounts you hold.
Additional Requirement
Regardless of your account type, you must also ensure that you have at least £100 in savings or owe at least £100 on a mortgage with Nationwide in March 2026. This condition applies universally to all eligible customers.
With February and March still ahead, there is ample opportunity for customers to adjust their banking habits to meet these criteria. Staying informed and proactive could significantly enhance your chances of receiving this potential bonus.
