Nationwide is launching its fourth round of Fairer Share payments this week, sending £100 bonuses to approximately 4.4 million members. The payments will be deposited into accounts between June 10 and June 30, 2026.
Automatic payments for eligible members
Eligible members do not need to apply or provide any details, as the money will be issued automatically. The building society confirmed the handouts last month following its latest financial results, which reported profits of £2 billion.
Eligibility criteria
To qualify, members must hold a qualifying Nationwide current account, along with a savings account or mortgage with the society. Specific conditions vary by account type:
- FlexAccount, FlexDirect, or FlexBasic: Customers must have received £500 into their account in two of the three months (January, February, March) and made at least two payments out, or made at least ten payments out in two of those months. Alternatively, completing a switch to Nationwide via the Current Account Switch Service between January and March also qualifies.
- FlexOne, FlexStudent, or FlexGraduate: Members must have received at least one payment in or made one payment out during March, unless they switched to Nationwide between January and March.
- FlexPlus: Customers only needed to pay the £18 monthly fee to qualify.
For savings accounts, members needed at least £100 saved at the end of any day in March. Mortgage customers required at least £100 remaining to pay off by the end of March.
Tax treatment and past payments
The £100 bonus is treated as savings for tax purposes, but individuals can earn up to £1,000 in savings interest per tax year before paying tax. Last year, Nationwide paid out £400 million to over four million customers, and the building society has distributed £1.5 billion since the scheme began in 2023.
Dame Debbie Crosbie, Nationwide’s Chief Executive, stated: “More people than ever are choosing Nationwide. Our growth in mortgages, retail deposits and personal current accounts is leading the market, which means we can again make a Fairer Share payment to eligible members, and offer a new Member Exclusive Bond to all members.”
