Following the completion of Nationwide's acquisition of Virgin Money, around 3 million new customers have joined Britain's biggest building society. However, these new members may have to wait until 2027 to receive the annual Fairer Share bonus, as they likely missed the eligibility deadline for the next payout.
The Fairer Share scheme has distributed over £1 billion in loyalty rewards since its launch, with more than 4 million people receiving £100 each in 2025. The decision on a fourth payout, along with qualifying criteria and payment amount, will be announced with Nationwide's end-of-year results on May 21.
Previous eligibility required an open current account by March 31 and either £100 in savings or £100 owed on a mortgage by that date. Since the Virgin Money acquisition was officially announced on April 2, new members are unlikely to meet these conditions for the next bonus.
Stephen Noakes, Nationwide's director of retail, said: 'The acquisition of Virgin Money enables us to expand the benefits of mutuality, and we look forward to sharing the additional value we can create for our new members.' However, the building society stresses that Fairer Share payments are subject to financial performance and are not guaranteed.
Virgin Money customers who now hold Nationwide accounts should not expect a £100 bonus until at least 2027, pending future board decisions on the scheme.
