Demystifying the Nationwide £100 Fairer Share Payment: Your Comprehensive Guide to Qualification!
Are you a Nationwide customer wondering if you're among the millions who will receive a generous £100 bonus? Wouldn't it be great to get a little extra cash just for being a loyal customer? Well, you're in the right place! This detailed guide will walk you through everything you need to know about qualifying for the Nationwide Fairer Share Payment. No more guesswork, just clear, step-by-step instructions. Let's dive in!
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| How To Qualify For The Nationwide 100 |
Step 1: Are You a Nationwide Member? (The Absolute Foundation!)
Before we get into the nitty-gritty, the very first and most crucial question is: Are you a member of Nationwide Building Society? This bonus is exclusively for their customers, a way for the mutually-owned society to share its profits directly with the people who bank with them, rather than external shareholders. If you don't have any accounts with Nationwide, unfortunately, this particular bonus won't apply to you. But don't despair, there are always other financial perks out there!
Step 2: Understanding the Core Eligibility Principles
Nationwide's Fairer Share Payment is built on two main pillars:
- Having a Qualifying Current Account: This is non-negotiable. You need to have an active Nationwide current account.
- Holding a Qualifying Savings Account OR a Qualifying Mortgage: In addition to your current account, you must also have a certain level of engagement with Nationwide through either a savings account or a mortgage. You don't need both, just one or the other.
It's important to note that these criteria are checked on a specific date. For the most recent payout, that date was March 31, 2025. So, your account status on that day is what truly matters.
Tip: Be mindful — one idea at a time.
Step 3: Deep Dive into Qualifying Current Account Requirements
This is where the details become crucial, as the specific activity requirements vary slightly depending on the type of Nationwide current account you hold.
Sub-heading: General Current Account Requirements
- Account Open Date: Your Nationwide current account must have been opened on or before March 31, 2025. If you opened it after this date, it won't count for the current bonus.
- Account Status: Your account needs to be active and in good standing. This means no restrictions, no closures, and generally being used as a regular current account.
- Activity Period: You must have used your current account at least once between January 1, 2025, and March 31, 2025.
Sub-heading: Specific Account Type Requirements
Here's how the activity requirements break down for different Nationwide current account types:
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For FlexAccount, FlexDirect, or FlexBasic holders:
- In two out of the three months of January, February, and March 2025, 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.
- Important Note: Transfers as part of the Current Account Switch Service between January 1 and March 31, 2025, do not count towards these activity requirements. Outgoing payments include debit card transactions, Direct Debits, standing orders, and bank transfers (but not transfers between your own Nationwide accounts).
- In two out of the three months of January, February, and March 2025, you must have either:
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For FlexOne, FlexStudent, or FlexGraduate holders:
- You are eligible if you received at least one payment into or made one payment out of your account during March 2025.
- Alternatively, if you completed a full current account switch to a FlexOne or FlexStudent account between January and March 2025, you may also qualify. However, switches to FlexGraduate accounts do not count for this alternative route.
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For FlexPlus holders:
- This one is generally the simplest. You typically qualify by simply paying the monthly fee for maintaining your FlexPlus account. This demonstrates your active engagement.
Step 4: Meeting the Savings or Mortgage Criteria
Once you've confirmed your current account eligibility, you need to meet one of the following additional criteria:
QuickTip: Reading regularly builds stronger recall.
Sub-heading: Qualifying Savings Account
- You must have had at least £100 saved in any Nationwide personal savings product or Cash ISA.
- This balance requirement only needed to be met at any single point during the month of March 2025. You didn't need to maintain it for the entire month.
- Good news: If you have multiple Nationwide savings products, their balances can be combined to meet the minimum £100 threshold.
- The savings account must be in good standing, with no restrictions or closures.
Sub-heading: Qualifying Mortgage
- You must have owed at least £100 on your Nationwide residential mortgage.
- This balance was checked on March 31, 2025.
Step 5: Receiving Your £100 Payment
- No Application Needed: This is the best part! You do not need to apply for the £100 bonus. Nationwide automatically checks your eligibility based on their internal systems.
- Payment Dates: For the most recent payout, eligible members received their £100 payment between June 18, 2025, and July 4, 2025.
- Payment Method: The £100 will be paid directly into an open Nationwide current account you hold via electronic transfer.
- If you have more than one current account, Nationwide may pay it into any of them.
- They will prioritize paying it into an account in your sole name if you have one; otherwise, it will go into a joint account.
- Statement Description: The payment will typically appear on your current account statement as "Nationwide Fairer Share Payment."
- Notification: Nationwide will usually notify eligible members via email or letter to confirm their qualification, often before the payment date.
Step 6: What if You Don't Qualify?
If you reviewed the criteria and realize you don't qualify this time, don't be disheartened.
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- Future Payouts: Nationwide has been offering this Fairer Share payment for several years now, reflecting their strong financial position and mutual values. While there's no guarantee for future years, it's a strong possibility they will continue the scheme.
- Review Your Banking Habits: Consider whether you can adjust your banking habits to meet the criteria for future payouts. Could you make Nationwide your primary current account? Could you consistently keep at least £100 in a Nationwide savings account?
- Other Member Benefits: Even without the Fairer Share payment, Nationwide often offers other benefits to its members, such as exclusive savings rates or switching offers. Keep an eye on their announcements!
10 Related FAQ Questions
How to check my Nationwide account activity?
You can check your Nationwide account activity by logging into your online banking, using the Nationwide mobile app, or reviewing your paper statements. Look for transactions between January 1, 2025, and March 31, 2025.
How to find my Nationwide account type?
Your Nationwide account type (e.g., FlexAccount, FlexDirect, FlexPlus, FlexStudent, FlexOne, FlexBasic) is usually displayed on your online banking portal, mobile app, or on your account statements.
QuickTip: Don’t just scroll — process what you see.
How to ensure my Nationwide current account is "active and in good standing"?
An active and good standing account typically means it's not dormant, has no negative balance for an extended period, and hasn't been subject to fraud investigations or closures. Simply using it regularly for transactions helps ensure this.
How to open a Nationwide savings account?
You can open a Nationwide savings account online, via their mobile app, or by visiting a Nationwide branch. You'll need to be an existing member or open a current account first.
How to check my Nationwide mortgage balance?
You can check your Nationwide mortgage balance by logging into your online mortgage account, referring to your annual mortgage statement, or contacting Nationwide's mortgage team directly.
QuickTip: Don’t rush through examples.
How to make qualifying outgoing payments from my Nationwide current account?
Qualifying outgoing payments include debit card purchases, setting up and paying Direct Debits, making Standing Orders, or performing electronic bank transfers to other individuals or businesses. Transfers between your own Nationwide accounts do not count.
How to increase my savings balance with Nationwide?
You can increase your savings balance with Nationwide by transferring funds from another bank account, setting up a regular standing order from your current account, or depositing cash/cheques at a branch.
How to know if I am automatically eligible for the Nationwide £100 payment?
Nationwide performs an automatic eligibility check. You will typically receive an email or letter from them by a specific date (e.g., end of May for the current payout) confirming if you qualify.
How to update my contact details with Nationwide to receive notifications?
You can update your contact details (email address, postal address, phone number) with Nationwide through your online banking, mobile app, or by calling their customer service line. This ensures you receive important notifications about the Fairer Share payment.
How to contact Nationwide if I have questions about my eligibility?
If you have specific questions about your eligibility for the Nationwide Fairer Share Payment, the best way to get accurate information is to contact Nationwide Building Society directly through their official customer service channels (phone, secure messaging via online banking, or in-branch).
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