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Nationwide Begins £100 Fairer Share Payout to Over Four Million Members

Record profits have enabled Nationwide to launch the scheme with 99.97% of payouts completed on day one

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Overview

  • Between June 18 and July 4, Nationwide will credit £100 to each of more than four million eligible current account holders under its Fairer Share Payment
  • By the first day of distribution on June 18, 99.97% of qualifying members had received the payment
  • Eligibility requires a current account opened by March 31, 2025, plus either a qualifying savings balance of at least £100 or a mortgage with a balance of £100 or more and account activity between January 1 and March 31
  • The Fairer Share scheme marks the third consecutive year of £100 payments and follows a £50 thank-you bonus to over 12 million customers after the Virgin Money acquisition
  • Nationwide reported a 30% rise in pre-tax profits to £2.3 billion and returned a record £2.8 billion to members last year, with additional perks including a 5% member bond and a £200 switching bonus