Nationwide users can get ‘free £100’ if they meet two conditions | Personal Finance | Finance

Nationwide customers are in for a treat as some have discovered they’re eligible for a ‘free £100’ boost to their current account. Jamie, who shares financial tips on TikTok under the handle @jamiesfinance, revealed a little-known secret about how to secure the £100 Fairer Share payment in future.

He cautioned that the payment is “not guaranteed” and is actually “based on their profits”, meaning “if they do not do well in a year, then you might not receive this payment” – a point worth noting for those contemplating switching solely for this cash incentive.

Jamie further added: “Additionally, the terms and conditions are subject to change, but they have been quite consistent for the past few years”.

He proceeded to explain: “So let me show you how you can make sure you get the payment next year if it does happen”.

You need to meet two conditions to be eligible for the money. Firstly, he stated that the “first thing you need is a Nationwide account,” clarifying that “this can be any current account that you have with them”.

Jamie noted that many people “missed out” on the payment because their savings account didn’t qualify. To be eligible, one needs to be an “active member,” which requires maintaining at least £100 in savings.

He explained that the terms and conditions are designed to ensure that individuals with dormant accounts do not receive the payment.

This bonus is exclusively for their active members who are “actively contributing to Nationwide,” rather than those who aren’t utilising their accounts.

Jamie elaborated: “So, this year, in January, February, and March, so in two out of these three months, you had to receive £500 and make two debit card transactions.

“Or in two of the three months, make ten eligible debit card transactions”.

Commenters noted the advantages of a Nationwide account.

One reader mused on making the switch: “Looks like I may switch from Santander,” citing the potential perks of a Nationwide current account.

“I don’t like Nationwide’s app, so I use a different bank. You think it will be fine if I just put £100-£600 every now and then in both my current and savings?” another queried.

To which Jamie advised: “I would just keep £100 constantly in a nationwide savings account and set reminders for March and February next year to deposit £500 in each month and make two card payments”.

When someone enquired whether both a “current and savings account,” were necessary, Jamie specified you need an “eligible savings account or mortgage or you won’t get the £100”.

Nationwide’s website confirms membership with a qualifying current account is required, along with either qualifying savings or a mortgage, according to the last check on 31 March this year.

Members who qualify will see their £100 payment deposited into an open nationwide current account only between 18 June and 4 July 2025. For comprehensive information, see the terms and conditions.