Millions of Nationwide Building Society members are set to receive a £100 payment from this week under the lender’s Fairer Share scheme. The latest round of payments will begin on 10 June and is expected to benefit around 4.4 million eligible customers.
The payment forms part of a programme launched in 2023 through which Nationwide shares part of its financial performance with members. According to Nationwide, the scheme will have returned around £1.5 billion to members since its introduction.
Nationwide has said that while it aims to make Fairer Share payments annually, future distributions are not guaranteed and remain subject to approval by its board. The latest payout, worth approximately £440 million in total, follows another year of growth in the building society’s mortgage, savings and current account business.
Who Qualifies for the £100 Payment?
To receive the £100 Fairer Share payment, members must have met specific eligibility criteria by 31 March 2026. According to Nationwide, customers generally needed to hold a qualifying current account alongside either qualifying savings or a qualifying mortgage.
A qualifying savings relationship required members to have at least £100 in total across one or more personal savings accounts or cash ISAs with Nationwide at the end of any day during March 2026. For mortgage holders, eligibility required owing at least £100 on a Nationwide residential mortgage on 31 March 2026.
The building society has also clarified that current accounts held with Clydesdale, including Virgin Money current accounts, do not count as qualifying current accounts for this year’s payment.
Customers who are unsure whether they meet the requirements can check the full terms and conditions on Nationwide’s website. According to reports, payments will start reaching eligible members from Wednesday, 10 June.
Virgin Money customers who became Nationwide members following the transfer of the banking business are not included in this year’s arrangements if their accounts do not meet the qualifying criteria. Nationwide has indicated that eligible Virgin Money accounts could be included in the 2027 Fairer Share scheme.
Nationwide Highlights Growth in Customer Numbers
The latest payment comes as Nationwide reports continued growth across several areas of its business. According to statements issued by the building society, more than one million current accounts were opened during the past year.
Nationwide said this growth was particularly strong among student banking customers and people switching their banking arrangements from other providers. The organisation also reported market-leading growth in mortgages, retail deposits and personal current accounts.
Chief executive Debbie Crosbie said: “More people than ever are choosing Nationwide.”
She added: “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.”
Alongside the Fairer Share payment, Nationwide has announced a new member-exclusive bond paying 5 per cent AER for 15 months on balances of up to £10,000. The building society is also continuing to offer a £175 switching incentive for customers who move their current account to Nationwide.
