Nationwide Building Society has announced its fourth annual Fairer Share Payment, distributing £100 each to approximately 4.4 million eligible members. This initiative, which began in 2023, has now returned over £1.5 billion to customers. The building society operates as a mutual, meaning it is owned by its members rather than shareholders, allowing profits to be shared directly with account holders.
Eligibility Criteria for the £100 Bonus
To qualify for the Fairer Share Payment, customers must meet specific requirements. As of March 31, 2026, they must hold a qualifying current account along with a qualifying savings or mortgage account. Nationwide's current accounts, excluding those from subsidiaries like Clydesdale Bank and Virgin Money, are eligible. Additional conditions apply depending on the account type:
- FlexAccount, FlexDirect, or FlexBasic: Customers must have either received £500 from a non-Nationwide account in two of the three months (January, February, March 2026) and made two payments from their account, OR completed at least 10 payments out of the account in two of those months. These requirements cannot be combined.
- FlexPlus: Account holders must have paid their monthly fee.
- FlexOne, FlexStudent, or FlexGraduate: Customers need to have made at least one payment in or out during March 2026.
Additionally, regardless of account type, customers must have had at least £100 in savings with Nationwide (including personal savings accounts or cash ISAs) at the end of any day in March 2026, or owed at least £100 on a Nationwide mortgage on March 31, 2026. Business accounts, investments, and mortgages through subsidiaries like The Mortgage Works or buy-to-let properties are excluded.
Payout Timeline and Process
The £100 bonus will be automatically deposited into eligible members' Nationwide current accounts between June 10 and June 30, 2026. The payment will appear on statements as 'Nationwide Fairer Share Payment'. Customers do not need to apply; however, if they believe they have been wrongly excluded, they should contact Nationwide directly. The company warns against fraudulent attempts to obtain personal information.
Nationwide's chief executive, Dame 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.' The building society reported a 9% increase in profits and a record one million new current accounts opened.
