Nationwide Building Society is rolling out its £100 Fairer Share bonus for 2025, and it’s been eagerly awaited by many. But before you get too excited, let’s take a look at who will actually be receiving it and why some members might miss out.
So, what exactly is this £100 bonus all about? Well, it’s a profit-sharing initiative by Nationwide, aimed at rewarding its members. If you’re eligible, you’ll receive £100 directly into your current account in July 2025. This isn’t the first time Nationwide has done this; they’ve been offering similar payments in the past two years. This year’s payment is part of the society’s ongoing commitment to share its profits with members, something that makes this mutual organisation a bit different from typical banks.
Nationwide’s latest financial report showed strong performance, with significant gains in retail deposits and mortgage lending. This has enabled them to offer this bonus. After all, as a mutual society, Nationwide is owned by its members (not shareholders), so they share a portion of these profits through payments like this one. Nice, right?
However, before you start counting that £100, let’s dive into the eligibility details. Here’s the catch: Not everyone who’s a customer will be getting this bonus. In fact, more than 13 million customers won’t qualify. So, what does it take to be eligible?
Who will get the £100 Bonus?
To qualify for the bonus, you need to have a current account with Nationwide, along with either a qualifying savings account or a Nationwide mortgage. But just having one of these accounts won’t cut it. You need to meet specific activity requirements.
Here’s a breakdown of what’s needed for different types of accounts:
- FlexPlus: You must pay the monthly maintenance fee.
- FlexOne, FlexStudent, FlexGraduate: You need at least one deposit or withdrawal in March 2025.
- FlexAccount: For two of the three months (January to March 2025), you either need to:
- Deposit £500 and make 2 payments, or
- Make 10 payments.
- Switchers: If you switched to Nationwide using the Current Account Switch Service between January 1 and March 31, 2025, you’ll be automatically eligible.
It’s also important to note that if you hold more than one current account, you’re only going to get the bonus once. Nationwide will deposit the £100 into any one of your accounts, but not multiple times.
Why Some Customers Won’t Get the Bonus
It’s a bit of a shame, but many people won’t qualify for the £100 bonus, even if they have an account with Nationwide. Some common reasons include:
- Only having a current account, without a qualifying savings account or mortgage.
- Having a savings account or mortgage, but not a current account.
- Not meeting the required transaction or deposit thresholds in the qualifying months.
- Having dormant accounts with no recent activity.
When Will the £100 Be Paid?
If you’re eligible, don’t worry—you don’t have to apply for the payment. Nationwide will credit the £100 automatically to your account starting July 18, 2025. The payment will show up on your statement as “Nationwide Fairer Share Payment.”
Why Is Nationwide Able to Offer This Bonus?
Nationwide’s strong financial performance is the reason they can offer this bonus. In the last financial year, they returned over £2.8 billion in value to their members, including mortgage support and other member benefits. If Nationwide continues to perform well financially, they’ve stated that they intend to keep offering these types of bonuses in the future.
Final Thoughts
The £100 bonus is a great reward for eligible customers, but the key takeaway here is that not everyone will get it. Be sure to check if you meet the eligibility criteria so you don’t miss out next time. And if you didn’t qualify this year, take the necessary steps to make sure you’re eligible for future payments. With Nationwide being a mutual society, the profits are shared with members—provided they meet the requirements.
FAQs
Can I get the £100 bonus with only a savings account?
No, you must have an active current account with qualifying activity to be eligible.
Is this £100 payment taxable?
No, the bonus is considered a member benefit and is not subject to tax.
Will Nationwide continue the bonus next year?
Nationwide plans to continue offering the Fairer Share bonus annually, but it depends on their financial performance and the eligibility of members.
