Nationwide Building Society has completed its £100 Fairer Share Payment to more than four million eligible members, with 99.97 per cent of payments processed in just one day.
The payout, totalling over £400million, represents one of the UK's largest member distributions.
Britain's largest building society has given itself until July 4 to complete all transfers into members' current accounts.
The remaining 0.03 per cent of payments are expected to be finalised by early July.
Nationwide Building Society is handing out free £100 to customers
NATIONWIDE BUILDING SOCIETYThis marks the third consecutive year of the Fairer Share Payment scheme, which was announced during Nationwide's financial results at the end of May.
The Fairer Share Payment is available to eligible members who use Nationwide for their everyday banking whilst also holding a qualifying savings or mortgage product.
The society has distributed these payments annually since 2023, with the scheme dependent on Nationwide's financial strength and subject to board approval.
2025's distribution follows Nationwide's earlier £615million Big Nationwide Thank You payment, which provided £50 to over 12 million eligible members.
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Nationwide Building Society customers are likely to have been paid already NATIONWIDE BUILDING SOCIETYThat payment recognised members' support in helping the society build the financial strength to acquire Virgin Money last year.
Combined, Nationwide has paid eligible members more than £1billion in direct payments in 2025.
Stephen Noakes, Nationwide's Retail Director, said: "We have already made excellent progress in rolling out this year's Fairer Share payment, having surpassed four million payments in the first day.
"We are delighted to have been able to pay eligible members £100 for the third year running due to Nationwide being in a strong financial position.
"That strength, combined with our mutuality, meant we were able to return a total of £2.8 billion in value to members in the last financial year."
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GETTYWho is eligible?
Customers with a FlexAccount, FlexBasic or FlexDirect must have met one of the following requirements to qualify for the free cash sum.
They either needed to pay in at least £500 and make two outgoing payments in two of the three months, or they must have made ten or more outgoing payments in two of the three months.
Alternatively, they could have qualified by completing a full current account switch to Nationwide during that period.
FlexOne, FlexGraduate and FlexStudent account holders qualify if they made any payment in or out of the account during March. They can also qualify if they completed a full switch to a FlexOne or FlexStudent account between January and March.
Switches to FlexGraduate accounts do not count.FlexPlus customers qualify automatically by paying the monthly fee. Outgoing payments include debit card transactions, Direct Debits, standing orders and bank transfers, but not transfers between personal Nationwide accounts.
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