Nationwide £100 bonus payments confirmed including who exactly will be eligible
Nationwide has announced millions of customers will receive another round of £100 bonus payments. The building society will pay out £400million in total to four million customers.
The bonus cash is being distributed through its Fairer Share scheme, which sees Nationwide share its profits with customers. The money will be paid directly into your Nationwide current account between June 18 and July 4.
In order to get the payment, you need to have a qualifying current account, plus a savings account or mortgage with Nationwide. You can find more in depth qualifying criteria for each type of Nationwide current account below.
Your current account must have been opened on or before March 31, 2025. For savings accounts, you must have had at least £100 saved at the end of any day in March 2025.
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If you have a mortgage, you must have had at least £100 left to pay off on March 31, 2025. Nationwide will contact you by email or letter by May 30. It comes after Nationwide recorded a 30% jump in annual profits following its takeover of Virgin Money.
Pre-tax profits were £2.3billion for the year to March 31, up from £1.8 billion the previous year. On an underlying basis, pre-tax profits fell to £1.9billion from £2billion as Nationwide said it had focused on offering competitive interest rates to customers.
The group also paid out a record £2.8billion to members in rewards. This included a separate £50 thank you bonus to its customers earlier this year following the Virgin Money takeover. The update today means Nationwide has now announced three Fairer Share payments.
Last year, a total of £385million was paid out to 3.85 million customers after the building society announced profits of £2billion. In 2023, Nationwide distributed £340million to 3.4 million eligible members.
Debbie Crosbie, Nationwideâs Chief Executive, said: âNationwide has had an outstanding twelve months. We returned a record £2.8billion 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.â
Here is the additional qualifying criteria for each Nationwide current account:
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