Nationwide Building Society is preparing to distribute £100 payments to eligible members starting next week. The payments are part of the institution’s ongoing “Fairer Share” scheme, which follows a reported 30% increase in the bank’s annual profits. Between June 18 and July 4, 2025, more than four million customers are expected to benefit from the initiative.
According to Manchester Evening News, this payout aims to reward customers who have contributed to the financial growth of the bank. Nationwide has not disclosed specific details on the full scope of the scheme, but it is expected to strengthen member loyalty.
A Boost in Profits and Customer Rewards
The £100 Fairer Share payments come after Nationwide posted an impressive pre-tax profit of £2.3 billion for the year ending March 31, a significant increase from £1.8 billion the previous year.
This growth has been attributed to the bank’s strong performance and the acquisition of Virgin Money in October 2024, further strengthening its financial position. Nationwide explained that its members played a key role in building its “financial strength.”
Debbie Crosbie, Chief Executive of Nationwide, highlighted the bank’s outstanding performance:
Nationwide has had an outstanding twelve months. We returned a record £2.8 billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances.
She also noted the success of Virgin Money’s integration into Nationwide, stating:
The Virgin Money performance was strong in the six months since our acquisition, with improvements in customer service and a return to growth in mortgage lending.
In addition, Nationwide distributed £50 ‘thank you’ payments to around 12 million customers in April and May 2025 as part of its effort to reward its loyal members.
Nationwide’s Commitment to Its Members
Despite some slight fluctuations in underlying pre-tax profits, which dipped to £1.9 billion from £2 billion the previous year, Nationwide has remained committed to offering competitive interest rates.
Following its £2.9 billion takeover of Virgin Money, Nationwide has secured its position as the UK’s second-largest provider of mortgages and savings, with substantial growth in its retail and mortgage lending businesses.
Eligibility for the £100 Fairer Share Payments
To qualify for the £100 payment, customers must meet one of the following product combinations by March 31, 2025:
- A qualifying current account and qualifying savings.
- A qualifying current account and a qualifying mortgage.
Payments will be made directly into an open Nationwide current account. If customers are unsure of their eligibility, they can log into online banking or use the bank’s eligibility checker tool on its website.
Those who are eligible will have been notified by letter or email by May 30, 2025. For further details, members can refer to Nationwide’s official terms and conditions regarding the scheme.
