Nationwide Building Society has provided a fresh update on a potential £100 payment going out to millions of members. The Fairer Share Payment is a way of the building society sharing out is profits with members, with last year’s payment of £100 going out to four million customers.
A customer contacted the building society over social media to ask if it will be paying another £100 to its members this year. Nationwide said in response: “Nationwide’s board will decide on a Fairer Share payment for 2025 and it will depend on our financial performance.
“The decision and details on eligibility will be announced as part of our full year results end of May.” The group was previously asked for a statement on the latest round of the Fairer Share Payment.
A spokesperson then said: “Nationwide’s Board will decide on a Fairer Share payment for 2025 and it will depend on our financial performance. The decision will be announced as part of our full year results May 29.”
The payment that went out last year went out to many different types of customer, including if you had a current account, a savings account or a mortgage with the group, and if you met other conditions.
Nationwide customers also recently had a welcome bonus payment from the group as the provider paid out £50 to over 12 million members.
This was to thank loyal customers for their support after Nationwide completed its acquisition of Virgin Money. Payments went out as either a direct payment into your bank account or as a cheque.
One person recently contacted Nationwide to ask if they could pay the cheque into a non-Nationwide account. The group said in reply: “The cheque can be paid into another current account as long as the account is in your name.”
You needed to have been a Nationwide member on September 30, 2024 to qualify for the cash, and to still have been a member when the payment went out.
Customers also had to meet one of these qualifying criteria as regards their account activity. In the 12 months to the end of September 2024, you had to either:
- At least one qualifying transaction on your Nationwide current account or savings account, or
- At least £100 in total in one or more of your Nationwide current accounts and savings accounts, or
- Owed at least £100 in total on one or more Nationwide residential mortgages.
