Millions of Nationwide customers could be eligible for a £100 bonus payment this year, but they may need to take action before the end of March. While the Fairer Share scheme has not been officially confirmed for 2025, past trends suggest an announcement could come in May, with payments following in June.
Nationwide has rewarded qualifying customers with a £100 bonus in each of the last two years, distributing £385 million in 2023. Customers are now being encouraged to review their accounts and ensure they meet the likely eligibility criteria ahead of any potential announcement.
How Nationwide’s Fairer Share Scheme Works
In both 2023 and 2024, Nationwide Building Society issued £100 bonus payments to millions of members under its Fairer Share scheme, which aims to distribute a share of the company’s profits among eligible customers. The initiative rewarded 3.85 million members last year, following a £2 billion profit announcement, according to The Mirror.
Although Nationwide has yet to confirm the return of the scheme in 2025, the building society’s previous announcements suggest a similar timeline could be followed. In past years, eligibility required customers to hold a Nationwide current account along with either a savings account or a mortgage with the provider.
To qualify in 2024, customers needed to have:
- A Nationwide current account opened on or before 31 March 2024
- An active account, with payments made in or out during the first three months of the year
- A minimum balance of £100 in savings or at least £100 outstanding on a Nationwide mortgage
Customers with FlexAccount, FlexBasic, or FlexDirect accounts were required to deposit at least £500 and make either two outgoing payments or a total of ten transactions.
Those with FlexOne, FlexGraduate, or FlexStudent accounts needed to have made at least one payment in or out during March. FlexPlus customers were also eligible as long as they had paid their monthly account fee.
What Customers Should Do Before March Deadline
With eligibility conditions expected to remain similar to previous years, Nationwide customers may want to check their account status now to improve their chances of qualifying. This could involve transferring at least £100 into a savings account or ensuring their current account meets the activity requirements.
Past payments have been issued based on account activity and balances recorded before the end of March, making February and March critical months for customers hoping to qualify.
Nationwide has yet to confirm whether the Fairer Share scheme will return in 2025, but previous announcements were made in May, meaning members will likely have to wait a few months for official confirmation.
Those unsure of their eligibility should consider reviewing their account details via Nationwide’s online banking or contacting customer service for guidance.
