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Nationwide to issue update on one-off £100 payments to customers this week

For the last three years, the building society has issued the payments for millions of its customers

(Image: VV Shots via Getty Images)

Millions of Nationwide customers will find out this week whether they will receive a £100 windfall as part of the lender’s annual “Fairer Share” bonus scheme, the Mirror reports.

The building society is expected to confirm the pay-outs alongside the release of its latest full-year financial results on Thursday, May 21. If approved, this will mark the fourth consecutive year that Nationwide has shared its profits directly with eligible members.

Last year, the institution distributed £400 million to more than four million customers following a record-breaking statutory pre-tax profit of £2.3 billion. The initiative follows a similar handout the previous year, which saw £385 million shared among 3.85 million people.

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While Nationwide will confirm the exact criteria for the 2026 rollout tomorrow, previous distributions provide a strong blueprint for who is likely to benefit.

Historically, qualifying members have needed a combination of products. This includes a primary current account alongside either a savings account or a Nationwide mortgage.

Based on the 2025 criteria, requirements are expected to align with the following benchmarks:

  • Savings Accounts: Members were required to hold a minimum balance of £100 by a specific deadline (typically the end of March).
  • Mortgages: Borrowers needed to have at least £100 remaining on their outstanding balance.
  • FlexPlus Accounts: Customers automatically qualified provided they paid the standard £18 monthly account fee.
  • Standard Current Accounts (FlexAccount, FlexDirect, FlexBasic): Requirements previously dictated that account holders must have received at least £500 into their account and made multiple outbound transactions during the qualifying period.

In previous years, customers who completed an account transfer via the Current Account Switch Service (CASS) right before the deadline were excluded from these specific transaction rules.

Nationwide has stressed that while the 2025 guidelines offer a strong indication of eligibility, the exact criteria may be subtly modified for the coming financial year.

If the scheme is confirmed on Thursday and members meet the newly established criteria, the £100 bonus will be paid into accounts automatically.

Following previous timelines, if the announcement is formalised this week, customers can expect the funds to land in their accounts between June and July.

For tax purposes, the pay-out is treated as savings interest, meaning it falls under the Personal Savings Allowance. This allows most basic-rate taxpayers to earn up to £1,000 in interest tax-free each year.

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