Unlock Your £100 with Nationwide: A Comprehensive Guide to the Fairer Share Payment!
Are you ready to potentially boost your bank balance by £100? If you're a Nationwide customer, or considering becoming one, you've landed in the right place! Nationwide, being a building society, operates on a mutual model, meaning it's owned by its members. This often translates into them sharing their profits with eligible customers through initiatives like the "Fairer Share Payment."
This year (2025) marks the third consecutive year Nationwide has distributed this £100 bonus, and it's a fantastic way for them to reward their loyal members. But how exactly do you get your hands on this money? It's not always as simple as just having an account. This lengthy guide will break down everything you need to know, step-by-step, to understand if you're eligible and what to expect.
Step 1: Are You Already a Nationwide Member? Let's Find Out!
The very first hurdle to clear is whether you're already part of the Nationwide family. This £100 payment is specifically for eligible members. So, before we dive into the nitty-gritty, take a moment to consider:
- Do you have a current account with Nationwide (e.g., FlexAccount, FlexDirect, FlexPlus, FlexOne, FlexStudent, FlexGraduate)?
- Do you have a savings account with them?
- Do you have a mortgage with Nationwide?
If the answer to any of these is yes, you're off to a good start! If not, don't worry, you might still be able to become eligible for future payments or other offers.
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| How To Get The 100 From Nationwide |
Step 2: Understanding the Core Eligibility Criteria for the £100 Fairer Share Payment
This is where the details really matter. Nationwide has specific rules to determine who receives the Fairer Share Payment. For the 2025 payment, the eligibility was based on your account activity and holdings as of March 31, 2025. You also needed to remain a Nationwide member when the payment was made (between June 18 and July 4, 2025).
Sub-heading 2.1: The Current Account Connection
Having a qualifying Nationwide current account is crucial. Here's a breakdown of the requirements based on your account type:
Tip: Revisit challenging parts.
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FlexAccount, FlexBasic, or FlexDirect Holders: To qualify, you needed to meet one of the following in two out of the three months of January, February, and March 2025:
- Received at least £500 into your account (excluding transfers from other Nationwide accounts) AND made at least two outgoing payments.
- Made ten or more outgoing payments in total.
- Alternatively, you could have qualified by completing a full current account switch to Nationwide between January 1, 2025, and March 31, 2025, using the Current Account Switch Service.
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FlexOne, FlexStudent, or FlexGraduate Holders: For these accounts, the criteria was a bit simpler:
- You must have received at least one payment in, or made one payment out of your account, during March 2025.
- Similar to the above, completing a full switch to a FlexOne or FlexStudent account (but not FlexGraduate) between January 1, 2025, and March 31, 2025, using the Current Account Switch Service also qualified you.
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FlexPlus Customers: If you held a FlexPlus packaged account, you qualified automatically by simply paying your monthly fee.
Important Note on Payments Out: When Nationwide refers to "outgoing payments," this includes debit card transactions, Direct Debits, standing orders, and bank transfers. However, transfers between your own personal Nationwide accounts do not count towards this criteria.
Sub-heading 2.2: The Savings or Mortgage Requirement
Beyond the current account activity, you also needed to have a qualifying relationship with Nationwide in terms of savings or a mortgage:
- Savings: You must have had at least £100 saved in your account on any single day in March 2025.
- Mortgage: You must have had at least £100 left to repay on your
Nationwide mortgage as of March 31, 2025.
Essentially, for most members to receive the £100, you needed to be using Nationwide for your everyday banking (meeting the current account activity) AND also have a savings or mortgage product with them.
Step 3: Did You Receive a Notification? Keep an Eye Out!
Nationwide aimed to notify eligible members by May 30, 2025, via email or letter, to let them know they would be receiving the payment.
- Check your inbox (and spam!): Make sure to search your email for any communications from Nationwide regarding the "Fairer Share Payment."
- Check your postal mail: If you haven't opted for paperless statements, a letter might have been sent.
If you believe you met the criteria but haven't received a notification, it's worth checking your contact details with Nationwide to ensure they are up-to-date.
Step 4: The Payment Itself – When and How it Arrives
If you were eligible, the £100 payment was directly deposited into your Nationwide current account between June 18 and July 4, 2025.
QuickTip: Take a pause every few paragraphs.
- Automatic Deposit: You do not need to apply for this payment. Nationwide automatically identifies eligible members and makes the deposit.
- Statement Appearance: The payment will appear on your current account statement as "Nationwide Fairer Share Payment."
- Notifications: If Nationwide has your mobile number or if you use their banking app, they likely sent you a notification when the money landed in your account.
- Which Account? If you hold multiple Nationwide current accounts, they may pay the money into any of them. If you have a sole account, it will likely go there. If only joint accounts exist, it will go into a joint account. The key is that you must have an open Nationwide current account when they try to make the payment.
Step 5: What if You Missed Out on the £100 This Year? Don't Despair!
Even if you didn't qualify for the 2025 Fairer Share Payment, there are still ways to potentially benefit from Nationwide's member-centric approach.
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Sub-heading 5.1: Look for Bank Switching Offers
Nationwide frequently offers attractive incentives for new and existing customers to switch their current accounts to them. For example, as of June 2025, they were offering a £200 bonus to eligible members who switched a non-Nationwide current account to a FlexPlus, FlexDirect, or FlexAccount.
- Eligibility for Switching Bonus:
- You usually need to be a qualifying Nationwide member as of a specific date (e.g., March 31, 2025, for the recent offer).
- You must complete a full switch online using the Current Account Switch Service, which includes closing your old account.
- You typically need to move over a minimum number of Direct Debits (often two or more).
- There's usually a requirement to pay in a certain amount (e.g., £1,000 or more) and make a debit card payment within a set timeframe (e.g., 31 days).
Keep an eye on the Nationwide website and financial news outlets for the latest switching deals.
Sub-heading 5.2: Explore Member-Exclusive Products and Rates
Nationwide often provides preferential rates and exclusive products to its members. For instance, they recently offered a Member Exclusive Bond with a competitive fixed savings rate of 5% for 18 months on balances up to £10,000. Being a Nationwide member often means access to better savings rates, credit cards, and loans than non-members.
Step 6: Stay Informed and Engaged!
To maximize your benefits from Nationwide, and to stay on top of future Fairer Share payments or other bonuses, it's essential to:
- Regularly check the Nationwide website: Their "About Us" and "Current Accounts" sections will often highlight any current offers or explain ongoing member benefits.
- Sign up for Nationwide communications: Ensure you're opted in to receive emails or postal communications from them so you don't miss important announcements.
- Keep your contact details up to date: This is crucial for receiving notifications about payments and offers.
- Review your account activity: Make sure you're meeting the minimum activity requirements for your current account if you want to be considered for future Fairer Share payments.
By following these steps and staying informed, you'll be well-positioned to take advantage of Nationwide's member benefits, including the potential to receive a £100 bonus in the future!
Tip: A slow skim is better than a rushed read.
10 Related FAQ Questions
Here are 10 related FAQ questions, all starting with "How to," with quick answers:
How to check if I am eligible for the Nationwide £100 Fairer Share Payment? Check if you had a qualifying Nationwide current account open on or before March 31, 2025, and met the specific activity requirements for your account type (e.g., payments in/out) and had a qualifying savings account with £100+ or a mortgage with £100+ outstanding on March 31, 2025. Nationwide also sent notifications to eligible members.
How to receive the Nationwide £100 bonus if I am eligible? You don't need to do anything! If you're eligible, Nationwide automatically deposits the £100 into your Nationwide current account between June 18 and July 4, 2025.
How to find out which current account qualifies for the Nationwide £100 Fairer Share Payment? FlexAccount, FlexBasic, FlexDirect, FlexOne, FlexStudent, FlexGraduate, and FlexPlus accounts can all qualify, but each has specific activity criteria you needed to meet by March 31, 2025. Refer to Nationwide's official Fairer Share terms for details.
How to ensure my account activity counts towards the £100 bonus criteria? For most current accounts (FlexAccount, FlexBasic, FlexDirect), ensure you either paid in £500+ and made 2+ outgoing payments, or made 10+ outgoing payments in two out of three months (Jan-Mar 2025). Transfers between your own Nationwide accounts do not count.
How to check my Nationwide savings balance to meet the £100 eligibility? You can check your savings balance through your Nationwide online banking, mobile banking app, or by contacting customer service. You needed to have at least £100 in savings on any single day in March 2025.
QuickTip: Keep a notepad handy.
How to get a bank switching bonus from Nationwide? Check Nationwide's website for their current switching offers. Typically, you need to be an existing member, complete a full switch from another bank using the Current Account Switch Service, transfer a minimum number of Direct Debits, and deposit a certain amount within a specified timeframe.
How to contact Nationwide if I think I was eligible but didn't receive the £100? You can contact Nationwide directly through their banking app, online chat on their website, or by phone. Have your account details ready as they may need to confirm your identity.
How to report the £100 Fairer Share Payment for UK tax purposes? The £100 payment is considered a distribution of profits and is treated as interest for UK income tax purposes. Nationwide reports it to HMRC. You may be liable for income tax on it depending on whether your total interest received in the tax year exceeds your Personal Savings Allowance. Consult HMRC's website or a tax advisor if unsure.
How to opt out of future Nationwide Fairer Share Payments? Yes, you can opt out. You would need to contact Nationwide directly either in a branch or by phone to request this. For the 2025 payment, the opt-out deadline was June 16, 2025.
How to find other member-exclusive benefits offered by Nationwide? Regularly check the "About Us" and "Member Benefits" sections of the Nationwide website. They often have exclusive savings rates, mortgage deals, and other products available only to their members.
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