Nationwide Building Society is set to distribute its annual £100 Fairer Share payment to approximately 4.4 million eligible members starting Wednesday, June 10. This initiative, first launched in 2023, has now returned around £1.5 billion to members, underscoring the Society's commitment to sharing financial success with its customers.
Eligibility Criteria for the £100 Payment
To qualify, members must have held a qualifying current account with Nationwide, along with either qualifying savings or a qualifying mortgage, by March 31, 2026. Qualifying savings require at least £100 in total across one or more personal savings accounts or cash ISAs on any day in March 2026. For mortgages, members must have owed at least £100 on their Nationwide residential mortgage on the cutoff date.
Notably, current accounts held with Clydesdale or Virgin Money do not count as qualifying. However, Virgin Money customers who became Nationwide members due to the transfer may be eligible for a Fairer Share payment in 2027, which will include qualifying Virgin Money accounts.
Additional Benefits for Members
In addition to the direct payment, Nationwide is offering a new 5% AER member exclusive bond for 15 months on balances up to £10,000. The Society also provides a £175 switching incentive for customers moving their current account to Nationwide. Over the past year, more than one million new current accounts were opened, driven by strong growth in student banking and branch switching.
Nationwide CEO 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."
While Nationwide aims to make the Fairer Share payment annually, it remains subject to board approval and the Society's financial performance. Full terms and conditions are available on Nationwide's website.
