Nationwide Building Society will hand £100 payments to 4.4 million eligible customers in June after announcing another round of its Fairer Share scheme. The mutual confirmed the move alongside its latest annual financial results, marking the fourth consecutive year of the payment.
The building society said a total of £440 million will be distributed to qualifying members who hold a current account alongside savings or a mortgage product with Nationwide. Payments are scheduled to arrive between 10 and 30 June 2026.
Nationwide revealed the latest payout after reporting underlying annual profits of £2 billion for the year ending 31 March 2026. According to Nationwide, the Fairer Share scheme has now returned more than £1.5 billion to members since it began in 2023.
The announcement comes shortly after the completion of Nationwide’s takeover of Virgin Money, though customers who joined through that transfer will not qualify for this year’s payment. Nationwide stated that qualifying Virgin Money accounts could be considered for future payments from 2027 onwards.
Eligibility Rules Depend on Account Activity and Savings Balances
Customers must meet several conditions to receive the £100 payment. According to Nationwide’s published terms and conditions, eligible members needed to hold a qualifying current account on 31 March 2026, alongside either qualifying savings or a qualifying mortgage.
For holders of FlexAccount, FlexDirect and FlexBasic accounts, Nationwide said customers had to either pay in at least £500 and make two outgoing payments in two of the first three months of 2026, or make at least ten outgoing payments during two of those months. Customers who switched to Nationwide using the Current Account Switch Service between January and March also qualified automatically.
FlexPlus customers qualified by paying the account’s monthly fee, while FlexStudent, FlexGraduate and FlexOne account holders needed to either make or receive at least one payment during March 2026.
Savings customers needed to hold at least £100 in a Nationwide savings account or cash ISA at the end of any day in March. Mortgage customers qualified if they owed at least £100 on a Nationwide residential mortgage by 31 March.
Nationwide also clarified that Virgin Money and Clydesdale accounts transferred after the acquisition do not count towards this year’s criteria. The building society said those products were not held within Nationwide during the financial year covered by the scheme. Payments will appear automatically in qualifying current accounts under the reference “Nationwide Fairer Share Payment”. Customers do not need to apply.
Nationwide Links Payment to Mutual Ownership Model
The Fairer Share scheme remains one of the most visible parts of Nationwide’s strategy under chief executive Dame Debbie Crosbie. According to The Times, the building society distributed more than £400 million to members last year and has continued the programme despite lower statutory profits following the Virgin Money acquisition.
Dame Debbie Crosbie said Nationwide’s growth in mortgages, retail deposits and current accounts had enabled another payment this year. She added that the organisation continued to focus on returning value to members as a mutual institution rather than a shareholder-owned bank.
Nationwide reported statutory pre-tax profits of £1.49 billion for the year, down from £2.3 billion a year earlier, though underlying profits increased on an adjusted basis. The lender also confirmed it had made “significant progress” integrating Virgin Money into the wider group.
Alongside the £100 payment, Nationwide introduced a new fixed-rate savings product for existing members. According to MoneySavingExpert, the new account offers a 5% fixed rate for 15 months on balances up to £10,000. The building society said future Fairer Share payments will continue to depend on its financial performance.
