Nationwide Building Society customers to get free £100 bonus this month - but not everyone is eligible

For the year ending March 31, 2025, Nationwide Building Society reported a sizable £2.3billion profit following its acquisition of Virgin Money, which was completed in October 2024.

Thanks to the "Fairer Share" scheme, the lender's members are able to benefit from a part of Nationwide's profits but only if they are able to meet certain qualifying criteria.

In order to be eligible for this free £100 prize, Nationwide customers need to have a current account with the building society, which has been active since March 31, 2025.

Here is a full list of the current accounts available with Nationwide Building Society:

• FlexPlus
• FlexDirect
• FlexAccount
• FlexStudent
• FlexOne
• FlexBasic.

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If someone's account was opened after this particular date, they will not be able to claim the free £100 sum as part of the "Fairer Share" initiative.

Furthermore, customers need to have used their qualifying current account within the first three months of the year.

For savings account customers, Nationwide members need to have at least £100 placed in at least one of the building society's products during any point in March 2025.

Qualifying customers are expected to start getting paid as soon as this month, with the lender crediting the bonus to peoples' accounts between June 18, 2025, and July 4, 2025.

In an update to customers, the building society broke down how people should expect to be paid as part of the loyalty scheme.

Nationwide stated: "We will pay the money into your Nationwide current account by electronic transfer.

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"If you hold more than one current account with us, we may pay the money into any of those accounts. We will pay the money into an account in your sole name if you have one and will pay it into a joint account if you do not.

"The payment will appear on your current account statement as Nationwide Fairer Share Payment. We will not make the payment in any other way and if you do not have an open Nationwide current account when we try to make the payment, you will not be eligible to receive it.

"We will decide whether you are eligible for the payment based on the information we hold about you and the products you have with us. We always do our best to ensure that the information is accurate and complete, but incomplete, inaccurate, or out of date information may mean we wrongly exclude you from the payment."