Are you a Nationwide customer wondering if you're eligible for that sweet £100 bonus? Or perhaps you're considering joining Nationwide and want to understand how you might qualify in the future? Look no further! This comprehensive guide will walk you through everything you need to know about getting the "Nationwide £100" payment, often referred to as the Fairer Share Payment.
Nationwide, as a building society, is member-owned, which means they have a unique way of sharing their profits with their loyal customers. The Fairer Share Payment is a fantastic example of this, putting money directly back into the pockets of eligible members.
Understanding the Nationwide £100 Fairer Share Payment
The Nationwide £100 payment is part of Nationwide Building Society's "Fairer Share" scheme. It's a way for Nationwide to distribute its profits directly to eligible members, a benefit of their mutual status (being owned by their members, not shareholders). This payment has been a recurring event for the past few years, demonstrating Nationwide's commitment to rewarding its customer base.
It's important to note that while this payment has been consistent, it's not guaranteed every year and depends on Nationwide's financial performance and board approval.
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| How Do You Get Nationwide 100 |
Step 1: Are You Already a Nationwide Member? Let's Check!
The Nationwide £100 Fairer Share Payment is exclusively for existing Nationwide members. If you're not yet a member, don't worry, we'll cover how you can become one and potentially qualify in the future. But for now, let's focus on those who are already part of the Nationwide family.
To be considered for the payment in a given year (for instance, the 2025 payment), you generally need to have been a Nationwide member by a specific cutoff date. For the 2025 payment, this date was March 31, 2025.
Tip: Take notes for easier recall later.
Step 2: Meeting the Eligibility Criteria – The Core Requirements
This is where the specifics come in. To receive the Nationwide £100 Fairer Share Payment, you need to meet a combination of current account and either savings or mortgage criteria. These criteria are checked on a specific date, which for the 2025 payment was March 31, 2025.
Sub-heading: Current Account Activity
Your Nationwide current account must have been active and held on or before the eligibility cutoff date. The exact activity required depends on the type of current account you have:
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For FlexAccount, FlexDirect, or FlexBasic holders:
- In two of the three months of January, February, and March (of the qualifying year), you must have either:
- Received £500 or more into your account (excluding internal transfers between your own Nationwide accounts), AND made at least two outgoing payments, OR
- Made at least ten outgoing payments in total.
- Examples of outgoing payments include debit card transactions, Direct Debits, standing orders, and bank transfers (but not transfers to your other Nationwide accounts).
- In two of the three months of January, February, and March (of the qualifying year), you must have either:
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For FlexOne, FlexStudent, or FlexGraduate account holders:
- You only need to have received at least one payment into or made one payment out of your account during March of the qualifying year.
- Note: Transfers as part of the Current Account Switch Service during January to March generally do not count towards these activity requirements.
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For FlexPlus customers:
- You automatically qualify by simply paying the monthly fee for maintaining the account.
Sub-heading: Qualifying Savings or Mortgage Product
In addition to your current account activity, you must also have held either a qualifying savings account or a qualifying mortgage with Nationwide on the eligibility cutoff date (e.g., March 31, 2025).
- Qualifying Savings: You must have had at least £100 saved in a Nationwide savings account or Cash ISA on any single day in March of the qualifying year.
- Qualifying Mortgage: You must have had at least £100 left to repay on your Nationwide residential mortgage as of the eligibility cutoff date.
If you hold a joint account with Nationwide, and both account holders meet the individual eligibility criteria, both individuals may receive the £100 payment.
Step 3: No Application Needed – Automatic Payment!
This is the best part! If you meet the eligibility criteria, you do not need to apply for the Nationwide £100 Fairer Share Payment. Nationwide automatically identifies eligible members and processes the payment.
Tip: Don’t skip the details — they matter.
- Payment Dates: The payments are typically made within a specific window. For the 2025 payment, funds started landing in accounts from June 18, 2025, with the vast majority completed within a day and all expected to be finalized by July 4, 2025.
- How it Arrives: The £100 will be paid directly into your open Nationwide current account by electronic transfer. If you have multiple Nationwide current accounts, the payment may go into any of them. If you only have a joint current account, it will be paid into that. The payment will usually appear on your statement as "Nationwide Fairer Share Payment."
It's crucial to ensure your contact details with Nationwide are up-to-date so you receive any notifications about your eligibility or the payment.
Step 4: What if You Don't Qualify This Time? Planning for the Future
If you didn't qualify for the current Fairer Share Payment, don't despair! You can take steps now to increase your chances for future payments, should Nationwide continue the scheme (which they have done for the past three years).
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Sub-heading: Become a Nationwide Member (if you aren't already)
The first step is to become a Nationwide member. You can do this by opening a current account, savings account, or taking out a mortgage with them.
- Current Account Switch Service (CASS): Nationwide often offers incentives for new customers to switch their main bank account to them using the Current Account Switch Service. These switching bonuses can be substantial (e.g., £200 or more) and can also help you meet the criteria for future Fairer Share Payments.
- To qualify for a switching bonus, you typically need to:
- Be a qualifying member by a certain date.
- Complete a full switch online using CASS to a new or existing FlexPlus, FlexDirect, or FlexAccount.
- Move over at least two Direct Debits as part of your switch.
- Complete your switch within a set timeframe (e.g., 28 days).
- Within a month of opening or switching, pay in a minimum amount (e.g., £1,000) and make at least one debit card payment.
- Always check the specific terms and conditions for any switching offers, as they can change.
- To qualify for a switching bonus, you typically need to:
Sub-heading: Maintain Active Account Usage
Once you have a Nationwide current account, make sure you meet the activity requirements for your specific account type. Set up Direct Debits, use your debit card regularly, and ensure sufficient funds are flowing in and out of your account.
Sub-heading: Consider a Savings or Mortgage Product
If you don't already have one, opening a Nationwide savings account and maintaining a balance of at least £100, or taking out a Nationwide mortgage, will satisfy the second part of the Fairer Share eligibility criteria.
QuickTip: Focus on one paragraph at a time.
Key Considerations and Tips
- Stay Informed: Keep an eye on Nationwide's official announcements regarding their financial results and any future Fairer Share Payments. They usually communicate eligibility criteria and payment dates well in advance.
- Check Your Eligibility Online: Nationwide often provides an online eligibility checker on their website where you can quickly see if you qualify for the current payment.
- Fraud Awareness: Nationwide will never ask you for your account details via unsolicited calls, emails, or texts to process this payment. If you receive such a request, it's likely a scam.
- Tax Implications: The £100 Fairer Share payment is generally considered savings income for tax purposes. This means it counts towards your personal savings allowance. Most basic-rate taxpayers can earn up to £1,000 in interest before tax is due, so for many, this payment will be tax-free. However, it's always wise to check your individual tax situation.
Getting the Nationwide £100 Fairer Share Payment is a fantastic perk of being a Nationwide member. By understanding the eligibility criteria and maintaining an active relationship with the building society, you can increase your chances of benefiting from this generous scheme.
10 Related FAQ Questions
How to check my eligibility for the Nationwide £100 Fairer Share Payment?
You can usually check your eligibility on the official Nationwide website by logging into your online banking or using their dedicated eligibility checker tool, which typically becomes available once the payment is announced.
How to become a Nationwide member to qualify for future payments?
You can become a Nationwide member by opening a current account (FlexAccount, FlexDirect, FlexPlus, etc.), a savings account, or taking out a mortgage with them. Many people opt for a current account switch to take advantage of new customer offers.
How to ensure my Nationwide current account meets the activity requirements?
For FlexAccount, FlexDirect, or FlexBasic, ensure you either receive £500+ and make two outgoing payments, or make 10+ outgoing payments, in two of the three months from January to March of the qualifying year. For student/graduate accounts, one payment in or out during March is usually sufficient. FlexPlus holders just need to pay their monthly fee.
How to know if my Nationwide savings or mortgage qualifies?
Your Nationwide savings account or Cash ISA must have held at least £100 on any single day in March of the qualifying year, or you must have owed at least £100 on a Nationwide residential mortgage as of March 31st of that year.
QuickTip: Pause after each section to reflect.
How to receive the Nationwide £100 payment if I'm eligible?
The payment is made automatically by electronic transfer directly into your open Nationwide current account. You do not need to do anything to receive it if you meet the criteria.
How to track when the Nationwide £100 payment will arrive?
Nationwide typically announces a payment window (e.g., June 18 to July 4 for 2025). You will see the payment appear as "Nationwide Fairer Share Payment" on your current account statement.
How to update my contact details with Nationwide?
You can update your contact details by logging into your Nationwide internet bank or banking app, or by visiting a local Nationwide branch. Keeping your details current ensures you receive important notifications.
How to avoid scams related to the Nationwide £100 payment?
Be extremely cautious of any unsolicited calls, emails, or texts asking for your bank details or personal information related to the £100 payment. Nationwide will never ask for this information.
How to understand the tax implications of the Nationwide £100 bonus?
The £100 Fairer Share payment is considered savings income. For most individuals, it will fall within their Personal Savings Allowance, meaning no tax will be due. However, if you earn significant interest income, it could be taxable. Consult a tax advisor if unsure.
How to find out about future Nationwide Fairer Share payments?
Stay updated by regularly checking the official Nationwide Building Society website, their newsroom, and reputable financial news outlets. Nationwide typically announces their financial results and any planned Fairer Share payments in late May.
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