Millions of Nationwide customers are poised to receive a £100 bonus this week as part of the building society's Fairer Share programme. Since its inception in 2023, Nationwide has distributed approximately £1.5 billion to members through this initiative, highlighting its commitment to sharing financial success with its membership.
Payment details and eligibility
The latest Fairer Share payment, valued at around £440 million, will benefit about 4.4 million eligible members and will be paid from Wednesday, June 10, 2026. While Nationwide intends to make the payment annually, it is not guaranteed and requires board approval each year.
To qualify for this year's payment, individuals must have been a Nationwide member with a qualifying current account, along with either qualifying savings or a qualifying mortgage, by March 31, 2026. A current account from Clydesdale, including Virgin Money accounts, does not count as a qualifying current account for this payment.
Savings and mortgage criteria
Members may be eligible through savings if they maintained at least £100 across one or more personal savings accounts or cash ISAs with Nationwide at any point during March 2026. For mortgages, individuals must have owed Nationwide a minimum of £100 on their residential mortgage as of March 31, 2026.
Virgin Money customers who missed out this time may become eligible for the Fairer Share payout in 2027, as Virgin Money accounts will be included in future schemes following the acquisition.
Additional benefits and growth
Nationwide chief executive Debbie Crosbie 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."
The building society also reported that over one million current accounts were opened in the past year, with strong growth in student banking and branch transfers.
As an extra perk, Nationwide is launching a new five per cent "member exclusive" bond, offering a five per cent AER over 15 months on amounts up to £10,000. Additionally, customers switching their current account to Nationwide can receive a £175 switching incentive.
Customers are advised to review the full terms and conditions on Nationwide's website to determine their eligibility for the Fairer Share payment.
