Nationwide pays £100 to millions of people – have you received the payment?

More than four million people have received the £100 today (18 June) from Nationwide.

The building society began making its £100 Fairer Share Payments this morning, and said it had processed 99.97 per cent of payments before 12.30pm.

The payments were due to be made between 18 June and 4 July. The remaining 00.03 per cent of payments will be completed by “early July”.

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As a mutual owned by its members, Nationwide shares some of the profits with eligible members, known as the Fairer Share Payment. The building society says it "would like" to pay the bonus every year, but it depends on financial performance.

Stephen Noakes, Nationwide’s retail director, said the building society had made “excellent progress” in rolling out the payment, adding: “We are delighted to have been able to pay eligible members £100 for the third year running due to Nationwide being in a strong financial position.

“That strength, combined with our mutuality, meant we were able to return a total of £2.8 billion in value to members in the last financial year.”

MoneyWeek has seen examples of Nationwide members getting app notifications and text messages, informing them the payment has been made.

A message in the Nationwide mobile app reads: “Happy Fairer Share Day! Good news - your £100 Fairer Share Payment is now in your current account”.

The £100 payment is different to Nationwide’s £50 Thank You bonus, which was paid earlier this year.

“I’m a Nationwide customer. Why am I not eligible for the payment?”

Nationwide has now made £100 Fairer Share Payments for three consecutive years.

While more than four million people have qualified for the bonus this year, the building society has more than 17 million customers.

This includes 16 million who have a current account, mortgage or savings product with the building society.

So, only around a quarter of Nationwide members qualified for the payment in 2025.

To get the payment, you need to have had a qualifying current account and either a qualifying savings account or qualifying mortgage as of 31 March – and still have them today. We explain the Nationwide Fairer Share Payment eligibility rules in a separate article.

You can check if you can get the payment via a tool on Nationwide’s website.

Rachel Springall, finance expert at Moneyfactscompare.co.uk, told MoneyWeek: “The reward payment from Nationwide is designed for the more active members, as they need to meet specific requirements to be given the bonus. However, this will of course perplex customers who have been loyal for many years and may not have realised that they had to meet certain eligibility criteria.

“That said, it is still a great initiative by Nationwide and comes back to the mutual ethos of rewarding their members.”

The building society says customers who think they have incorrectly been excluded should get in touch.

When announcing the third Fairer Share Payment in May 2025, Nationwide also launched a £200 member exclusive current account online switch offer.

It means members who didn’t have their main current account with Nationwide on 31 March could get £200 if they're willing to switch.

How to get the Nationwide member exclusive current account online switch offer

Existing Nationwide members can get £200 if they switch their main account to the building society, although this offer is only available for a limited time.

You must have been a qualifying member as of 31 March 2025.

You’ll need to complete a full switch online to a new or existing FlexPlus, FlexDirect or FlexAccount, using the Current Account Switch Service. This will mean closing your old current account.

You’ll also need to move over a minimum of two direct debits as part of this process, and complete the switch within 28 days.

You’ll then need to pay in at least £1,000 and make one debit card payment within the first 31 days or opening or applying to switch into the existing account.

Other restrictions apply, for instance you can only get the £200 if you are switching into a sole or joint account that hasn’t had one of the switch offers since they began in 2021.