Millions of Nationwide customers to get £100 bonus from next week - are you eligible?

Millions of customers will start receiving their £100 payments from June 18, with the funds reaching current accounts July 4.

The payments form part of the society's Fairer Share scheme, which rewards members who use Nationwide for their everyday banking alongside qualifying savings or mortgage products.

Debbie Crosbie, Nationwide's Chief Executive, said: "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, and we remain first for customer service."

The building society has operated the Fairer Share scheme for three consecutive years, though there is no guarantee it will continue next year.

Who will get the £100 Nationwide payment in 2025?

Nationwide is once again handing out £100 payments to selected customers through its Fairer Share scheme. However, not everyone will receive the money, as the building society is using the same eligibility criteria as in previous years.

To qualify in 2025, customers must have had a Nationwide current account open on 31 March and used it between 1 January and 31 March.

Eligibility also depends on the type of current account held and how it was used.

Customers with a FlexAccount, FlexBasic or FlexDirect must have met one of the following requirements. 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.

In addition to account activity, customers must also meet one of two financial conditions.

They must either have held at least £100 in Nationwide savings at the end of any day in March or owed at least £100 on a Nationwide mortgage on 31 March.

Nationwide has not yet confirmed the exact date for this year’s payment, but it is expected to arrive later this summer. The £100 will be paid directly into eligible members’ Nationwide current accounts.

Last year, the building society distributed £385 million to 3.85 million members through the Fairer Share scheme. It also paid £50 to around 12 million customers between April and May.

Nationwide says the Fairer Share Payment is part of its broader commitment to member value. In 2024, it returned £2.8 billion to members, which included £1 billion in direct payments and £1.8 billion through better-than-average rates and incentives.

Nationwide has launched a new Member Exclusive Bond offering a market-leading five per cent interest rate, available from today to all 16 million existing members. The 18-month fixed-term account can be opened in branch, online or via the Banking App.

Members saving the maximum £10,000 would receive £762.50 in interest after 18 months - over £150 more than they would receive over the same period in the society's next highest-rate bond, which offers four per cent for one year.

The building society is also offering a £200 Member Exclusive Current Account Online Switch Offer from today. This incentive is available to members who didn't have their main current account with Nationwide on 31 March.

Existing Nationwide customers can receive the £200 bonus if they switch a non-Nationwide current account into a new or existing FlexDirect account. The FlexDirect account also provides 5% interest on current account balances up to £1,500 for a year.

Nationwide maintained its position as first for customer service for the 13th consecutive year, increasing its year-end lead to the highest level in eight years. The building society was also named Which? Banking Brand of the Year last week.

The society reported statutory profit before tax rose to a record £2.3 billion, achieved even after returning £1 billion directly to members through last year's Fairer Share Payment and The Big Nationwide Thank You. Deposit rates were over 30 per cent higher than average.

Nationwide helped more first-time buyers than any other UK lender and attracted more than a quarter of the student current account market. The society saw 5.7 million customers visit its branches last year, a year-on-year increase of four per cent.

Digital channels also expanded, with an 11 per cent increase in app usage last year and over 30 new features added to the Nationwide and Virgin Money apps.