More than four million Nationwide customers will receive a £100 payment in their current account within weeks. The latest Fairer Share payment, totalling around £440million, will be paid from June 10 to eligible members who use Nationwide for their everyday banking, in addition to having a qualifying savings account or mortgage.
Unlike a bank, which is owned by shareholders, the building society is mutually owned by its members, and Nationwide has decided to share a portion of profits with them through the Fairer Share scheme. This is the fourth consecutive year that Nationwide has shared profits, and since its introduction in 2023, Nationwide will have returned around £1.5billion to its members.
Nationwide’s chief executive Dame Debbie Crosbie said: “More people than ever are choosing Nationwide. Our growth in mortgages, retail deposits and personal current accounts is leading the market, which means we can again make a Fairer Share payment to eligible members, and offer a new Member Exclusive Bond to all members.”
To qualify, members must have held an eligible Nationwide current account that was open on March 31, 2026. They must also have had a qualifying savings account or mortgage by that date.
If they have a savings account, they must have at least £100 in personal savings accounts or cash ISAs with Nationwide on any day during March 2026.
Members could also qualify if they had a Nationwide residential mortgage with an outstanding balance of at least £100 on March 31, 2026. The £100 payment will be paid into an active Nationwide current account.
Some people will miss out on the scheme. Current account holders with Clydesdale Bank, including customers with Virgin Money current accounts, are not eligible for this year’s Fairer Share payment.
However, Virgin Money customers who have joined Nationwide through the recent transfer process may become eligible in future.
A record one million current accounts were opened with Nationwide last year, with more than 300,000 switching from other banks in 2025. It is worth noting that the payment is not guaranteed every year.