Millions of Nationwide customers are set to receive a £100 payment as part of the building society's Fairer Share scheme, which has distributed approximately £1.5 billion to members since its inception in 2023. The latest £100 payment, totalling around £440 million for approximately 4.4 million eligible members, will be disbursed starting from 10 June.
Who is eligible for the Fairer Share payment?
To qualify, members must hold a Nationwide current account along with either qualifying savings (at least £100 in personal savings or cash ISAs) or a qualifying mortgage (owing at least £100) by March 31, 2026. The payment is part of the building society's commitment to sharing profits with its members.
Nationwide's financial performance
Nationwide's announcement follows a drop in its annual pre-tax profits to £1.49 billion for the year ending March, down from £2.3 billion the previous year, partly due to its acquisition of Virgin Money. While Virgin Money customers are generally not eligible for this specific payment, they could qualify for future Fairer Share payments in 2027 if they become Nationwide members through the transfer. The society also offers a new 5% member-exclusive bond and a £175 switching incentive.
In full, the Nationwide Fairer Share payment is a key part of the building society's strategy to reward loyal members. Members are advised to check their eligibility online or via the Nationwide app. The payment is automatic for those who qualify, with no need to apply.
