Martin Lewis has told anyone with a Nationwide account they need to take action to make sure they are eligible for a £100 cash payment. Speaking this month on his Martin Lewis Money Show Live on ITV, the personal finance guru said people need to be using their account to be eligible.
The Nationwide Fairer Share payment is a £100 cash bonus paid to eligible Nationwide Building Society members, typically announced in May and paid in June. It is designed to reward active members by sharing profits, usually requiring a combination of a qualifying current account and a savings or mortgage product.
During the Martin Lewis Money Show Live, Martin said people need to be doing something now otherwise they could miss out: “Are you a Nationwide customer? If so you’ll know about it’s Fairer Share scheme where it gives existing customers £100, sometime normally in June-ish and it announces it in March/April/May time. It’s done it for the last three years, I don’t know if it’s doing it again.
“But this is the period where you have to qualify for it so this is what you need to do – only based on previous years. Ensure you are using your current account between now and the 31st of March, ‘use’ definitions vary but if you’re spending on it and using it normally you will generally be fine, then you need either £100 or more in savings or you need to owe £100 on your mortgage in March this year.
“If you don’t think you’ll do that now, then get £100 in its Flex 6.5 per cent regular saver or maybe put £150 in to be safe and hopefully then that will trigger you getting the £100 payment later in the year as long as you’ve got a current account.”
Nationwide has said: “Because we’re a mutual, we share our success with our members. That’s why we gave more than 12 million eligible members £50 in 2025.
“It was our way of saying thank you for helping us purchase Virgin Money and building something bigger together.
“However, we used different eligibility criteria for The Nationwide Fairer Share Payment. So you may not have got both.”
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