Nationwide Building Society has announced that four million of its members will receive a £100 Fairer Share bonus deposited directly into their accounts within days. This marks the fourth consecutive year the society has rewarded its customers with this cash boost.
To qualify for the Fairer Share payment, members must hold a qualifying current account and either a qualifying savings account or mortgage as of 31 March this year. Eligible members will be notified via email or letter by 30 May.
If you haven’t been contacted yet, you can check your eligibility by logging into Nationwide’s online banking or by using their eligibility checker tool.
Regarding Virgin Money customers following the recent transfer, Nationwide stated that members joining via the takeover could be eligible for a Fairer Share payment in 2027, which will include qualifying Virgin Money accounts.
While Nationwide hopes to make this payment annually, it depends on financial performance. Eligibility criteria and payment amounts may also change in future years; full details are available on their terms and conditions page.
For members without online banking access, Nationwide offers a tool to estimate eligibility based on submitted information.
This year, Nationwide will distribute over £400 million total through the £100 payments to more than four million members. Recipients can expect to see the payment notification immediately upon logging into the Nationwide app or internet banking.