Exact date Nationwide customers will find out if they’ll get £100 bonus – check if you’re eligible

The potential payout would follow similar announcements made in May 2023 and 2024, with payments subsequently distributed to eligible customers in June of those years.

If confirmed, this would mark the third consecutive year Nationwide has offered the £100 bonus to qualifying members.

The announcement comes just weeks after Nationwide completed a separate £50 payment to around 12 million customers between April 9 and May 14.

Customers now face a short wait to learn if they'll benefit from this additional financial boost.

Last year, Nationwide distributed a total of £385 million to 3.85 million customers as part of its Fairer Share scheme. This followed the initial payout in 2023, when £340 million was shared among 3.4 million people.

The building society has established a pattern of confirming these payments in May before distributing them the following month.

While no official confirmation has been made regarding this year's payment, there are strong indications it will continue.

In December, Nationwide's boss stated the building society was "well-positioned" to make the payment for a third consecutive year in 2025.

The £100 Fairer Share payment is entirely separate from the £50 recently issued to approximately 12 million Nationwide customers between April and May this year.

While Nationwide hasn't confirmed the eligibility criteria for the potential 2025 payment, it's likely to mirror the requirements from previous years.

Based on last year's criteria, customers would need to have had a qualifying current account, mortgage or savings account on March 31, 2025.

They would also need to have used their current account within the first three months of the year.

Current account holders face specific requirements depending on their account type. FlexPlus customers must have paid their monthly fee, while FlexOne, FlexStudent or FlexGraduate account holders need to have made at least one payment in or out during March.

For Flex Account, FlexBasic and FlexDirect customers, they must either have paid in at least £500 and made two payments out, or made at least 10 payments out.

Savings accounts or cash ISAs qualify with a minimum balance of £100 at the end of any day in March, while mortgages need at least £100 outstanding.

The timing of the announcement follows Nationwide's established pattern, with previous Fairer Share payments confirmed in May and distributed in June.

For customers hoping to qualify for this year's potential payment, it's likely too late to switch to Nationwide if you're not already a member.

The building society's commitment to rewarding members comes as many banks are offering switching incentives, with TSB, First Direct and Co-op currently providing up to £310 for new customers.

Financial experts suggest all banking customers should regularly review their accounts to ensure they're receiving competitive interest rates.

Recent Bank of England figures revealed approximately £280 billion sitting in accounts paying zero interest, highlighting the importance of actively managing your finances.

The full eligibility criteria for last year's payment can be found on Nationwide's website for those wanting to check if they might qualify.