Do you want to snag an extra £100 in your pocket? Nationwide, as a building society, has a unique way of sharing its profits with its members, often in the form of a "Fairer Share" payment. This isn't a guaranteed annual bonus, but it's been a recurring feature, and understanding how to qualify can make you one of the lucky recipients. Let's dive into the details of how you might qualify for the Nationwide £100 bonus, step by step!
How Do You Qualify for the Nationwide £100 Bonus? A Step-by-Step Guide
The Nationwide £100 bonus is typically part of their "Fairer Share" scheme, designed to reward loyal members. It's not a new customer incentive in the traditional sense, but rather a benefit for existing members who meet specific criteria.
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| How Do You Qualify For The Nationwide 100 Bonus |
Step 1: Are You Already a Nationwide Member? (Engage!)
First things first, let's establish your starting point. Are you already banking with Nationwide? If you are, that's a fantastic start! If not, don't worry, we'll cover how you can become one, but be aware that becoming a new customer might not immediately qualify you for the current year's bonus. This bonus is often for those who have been members for a certain period and have specific products with Nationwide.
Step 2: Understand the "Fairer Share" Principle
Nationwide is a building society, which means it's owned by its members, not external shareholders. This structure allows them to share their profits with their members, rather than distributing them to shareholders. The £100 bonus is a direct manifestation of this principle. It's often announced after their annual financial results, reflecting a strong financial performance.
Step 3: Meet the Core Eligibility Criteria (The Foundation)
To be considered for the £100 bonus, there are two fundamental requirements you must meet:
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Sub-heading 3.1: Hold a Qualifying Nationwide Current Account
You absolutely need to have a current account with Nationwide. Not just any account, but one that was active and held by a specific date (for the 2025 bonus, this was March 31, 2025). The specific activity requirements can vary slightly depending on the type of current account you hold:
- FlexPlus: You simply need to have been paying the monthly fee for maintaining the account.
- FlexOne, FlexStudent, or FlexGraduate: You must have received at least one payment in or made one payment out of your account during a specific month (e.g., March 2025 for the most recent bonus). Note: Charges, interest, or balance adjustments typically do not count.
- FlexAccount, FlexDirect, or FlexBasic: This is where it gets a bit more specific. In two out of three months leading up to the qualifying date (e.g., January, February, and March 2025), you generally need to have:
- Received at least £500 into your current account (transfers from other Nationwide accounts usually don't count).
- AND made at least two payments out of your account.
- Alternatively, in two of those three months, you could have made at least 10 payments out of your account.
- Important Note: If you completed a full Current Account Switch Service to Nationwide during the qualifying period (e.g., January 1, 2025, to March 31, 2025), you might be exempt from the above activity requirements for FlexAccount, FlexDirect, or FlexBasic. Always check the specific terms for the year.
Sub-heading 3.2: Hold a Qualifying Savings Product or Mortgage
In addition to a qualifying current account, you need to have a relationship with Nationwide through either savings or a mortgage:
- Qualifying Personal Nationwide Cash Savings Account: You must have had a total of £100 or more in one or more of your personal Nationwide cash savings accounts on any single day in the qualifying month (e.g., March 2025). Be aware: Money held in a current account, even if it pays interest, typically does not count here. Business savings and investment accounts also usually do not qualify.
- Qualifying Nationwide Mortgage: You must have had at least £100 owing on your Nationwide mortgage as of the qualifying date (e.g., March 31, 2025).
Step 4: Understand the Joint Account Rules
If you have joint accounts, there's good news! Joint account holders can both qualify for the £100 bonus, provided each individual meets the criteria. However, if the current account is joint but the qualifying savings or mortgage product is only in one person's name, then only that individual will receive the payment. To both qualify with a joint current account, you would generally need to have a joint savings account or mortgage that meets the criteria, or each individual could have their own personal qualifying savings account.
Step 5: The "Snapshot" Date (Crucial Timing!)
Nationwide assesses eligibility based on a specific "snapshot" date. For the recent 2025 bonus, this date was March 31, 2025. This means all your qualifying products and activity had to be in place on or before this date. Accounts opened after this date will generally not be eligible for that particular bonus.
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Step 6: What to Expect if You Qualify (The Payday!)
If you are eligible, you typically don't need to do anything to receive the payment. Nationwide aims to automatically pay the bonus directly into your Nationwide current account.
Sub-heading 6.1: Notification
Nationwide usually notifies eligible members via email or letter before the payment is made. Keep an eye on your communications from them.
Sub-heading 6.2: Payment Window
There's usually a specific payment window during which the bonus is disbursed. For the 2025 bonus, payments were scheduled between June 18 and July 4, 2025. You'll need to keep your Nationwide current account open during this period to receive the funds.
Sub-heading 6.3: How it Appears on Your Statement
The payment will usually appear on your current account statement as "Nationwide Fairer Share Payment."
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Step 7: Key Considerations and Future Outlook
- Not Guaranteed Annually: While Nationwide has made this "Fairer Share" payment for several consecutive years, it's not a guaranteed annual bonus. It's dependent on their financial performance and board approval. So, while you can aim to meet the criteria, there's no promise it will be offered every year.
- Terms Can Change: The specific terms and conditions for qualification can evolve year-on-year. Always refer to the official Nationwide website or their direct communications for the most up-to-date eligibility criteria for any given bonus.
- Loyalty is Key: The underlying theme of the Nationwide £100 bonus is rewarding customer loyalty. By actively using their current accounts and holding other products, you demonstrate that loyalty.
10 Related FAQ Questions
Here are 10 frequently asked questions about the Nationwide £100 bonus, with quick answers:
How to check if I am eligible for the Nationwide £100 bonus?
You will usually receive a notification directly from Nationwide (via email or letter) if you are eligible. You can also refer to the eligibility criteria published on their official website for the specific bonus period.
How to open a Nationwide current account to qualify?
You can open a Nationwide current account online through their website or mobile app, or by visiting a branch. However, for the "Fairer Share" bonus, the account generally needs to have been open and active by a specific past date.
How to ensure my current account activity counts for the bonus?
For most current accounts (FlexAccount, FlexDirect, FlexBasic), ensure you have consistent incoming payments (at least £500, excluding internal transfers) and outgoing payments (at least two, or ten in total) in at least two of the three months leading up to the qualifying date.
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How to make sure my savings account qualifies?
Ensure you have at least £100 in a personal Nationwide cash savings account on any single day in the designated qualifying month (e.g., March). This does not include money in your current account.
How to know if my mortgage counts for the bonus?
Your Nationwide mortgage must have had at least £100 owing on it as of the qualifying date.
How to receive the Nationwide £100 bonus if I qualify?
You don't need to do anything. Nationwide will automatically pay the bonus directly into your qualifying Nationwide current account during the specified payment window.
How to deal with joint accounts for the bonus?
Both joint account holders can qualify if they both meet the current account activity criteria AND have a joint qualifying savings/mortgage product, or individual qualifying savings accounts.
How to find the exact qualifying dates for the next bonus?
Nationwide announces the qualifying dates and specific terms when they declare the bonus. Always check their official announcements or website for the most accurate information.
How to contact Nationwide about the £100 bonus?
If you have specific questions about your eligibility or the payment, you can contact Nationwide directly through their customer service lines, online chat, or by visiting a branch.
How to use the Current Account Switch Service to qualify for future bonuses?
While the "Fairer Share" bonus is for existing members, Nationwide occasionally offers switching incentives for new customers. These are separate from the "Fairer Share" bonus but can be a way to become a Nationwide member. Always check the terms of any switching offer carefully.
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