Nationwide customers told when they’ll get £100 bonus news | Personal Finance | Finance

Millions of Nationwide Building Society customers will find out this week whether they’ll receive a free £100 bonus as part of the Fairer Share Payment scheme.

Launched in 2023, the Fairer Share Payment allows the mutual to “share profits” with loyal banking and mortgage customers. Last year, nearly four million members benefited from the initiative. Whether the scheme will be repeated in 2025 depends on Nationwide’s financial performance. The building society confirmed that a decision will be announced alongside its full-year results on Thursday, May 29. A spokesperson previously stated: “Nationwide’s Board will decide on a Fairer Share payment for 2025 based on our financial performance. The decision will be announced as part of our full-year results on May 29.”

Nationwide CEO Debbie Crosbie said late last year that the society was “well positioned” to offer the bonus again. However, the final decision depends on the strength of this year’s financial results.

Last year, customers who had a current account and at least £100 in a savings account, or at least £100 outstanding on a mortgage by March 31, 2024 were deemed eligible for the bonus. Additional requirements had to be met depending on the type or mortgage or current account.

Eligible members were contacted by May 31, and the money was then paid between June 13 and June 28, 2024. The announcement and payment timeframe may be similar this year, if the scheme goes ahead.

This comes just weeks after Nationwide announced that eligible customers would be gifted a £50 “thank you” payment. More than 12 million Nationwide customers were issued the alert, and payments arrived to those who qualified by April 30, 2025.

Explaining the reasoning behind the thank you payment, Ms Crosbie previously said: “The Big Nationwide Thank You is our way of recognising the role our members have played in building our financial strength to make our purchase of Virgin Money possible.”

Nationwide completed its takeover of Virgin Money in October 2024, merging the UK’s fifth and sixth largest retail lenders to form a combined entity of around 24.5 million customers, over 25,000 employees, and nearly 700 branches.

The move is expected to eventually phase out the Virgin Money brand, with Nationwide planning to rebrand the Virgin Money business under its own name within six years, though both brands will be maintained initially.