If you’re a Nationwide customer, you could soon be £100 better off. No strings, no forms, and no need to apply. The building society’s Fairer Share Payment is back for summer 2025, rewarding millions of members across the UK directly through their current accounts. However, not everyone qualifies, and it’s worth checking the details carefully to avoid missing out.
The Nationwide £100 bonus will land between 18th June and 4th July for those who meet the criteria. To be eligible, you’ll need to have held a Nationwide current account on 31st March this year and actively used it between January and March. That means either paying in a regular income, using your account to pay bills or make purchases, or, in some cases, switching to Nationwide within that time. You’ll also need to have had at least £100 in a Nationwide savings account during March, or owed £100 or more on a mortgage with them on the same date.
This year’s scheme follows a strong financial performance for the building society, with profits allowing for £400 million to be shared among four million customers. If you’re one of them, there’s nothing you need to do. The payment will arrive automatically into your current account and show up on your statement as a ‘Nationwide Fairer Share Payment’. Just be wary of scams – Nationwide has been clear it will not ask customers to claim, apply, or share personal information to receive the money.
For those unsure about whether they qualify, it’s possible to check using online banking or by logging into the Nationwide app. Customers should also receive an email or letter confirming their eligibility by the end of this week.
As with any financial reward, there are a few extra things to bear in mind. The £100 counts as savings income, meaning it could be taxable. Most people won’t pay tax on it thanks to the personal savings allowance, £1,000 per year for basic-rate taxpayers, but higher earners or those with substantial non-ISA savings might need to declare it. If you submit a self-assessment tax return, make sure you include the payment; if not, there’s nothing more you need to do.
If you’re receiving Universal Credit, it’s also worth noting that the payment is treated as capital, not income. This means you’ll only need to report it if it takes your total household savings over the £6,000 threshold.
Nationwide isn’t stopping there. The building society is also offering a separate £200 bonus to encourage people to switch their everyday banking across. If you already bank with them but want to take advantage of the offer, you’ll need to request the switch through your online account. You’ll also have to move over at least two direct debits, pay in £1,000, and make one debit card payment within 31 days of opening or switching.
Alongside these cash offers, Nationwide has launched a fixed-rate savings account paying 5% on balances up to £10,000 – an attractive option at a time when many fixed-rate savings deals are slipping below that threshold. The account is available to existing customers only, as long as you held a current account, savings product, or mortgage with Nationwide on or before 28th May.
It’s a rare moment in the financial year when a major banking provider gives something back without the usual fine print. Whether you’re an existing customer hoping for your share or someone considering a switch, this year’s offers stand out. The key is acting in time, staying alert to scams, and understanding the simple eligibility rules.
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