Nationwide announces new £100 payments for millions of customers

Nationwide has announced millions of customers will receive another round of . The bonus cash is being distributed to over four million people through its Fairer Share scheme, which sees the building society share its profits with customers.

The money will be paid directly into your Nationwide current account between June 18 and July 4. In order to get the payment, you need to have a qualifying current account, plus a mortgage or savings account with .

It marks the third round of Fairer Share payments from Nationwide. Last year, a total of £385million was paid out to 3.85 million customers after the building society announced profits of £2billion. In 2023, Nationwide distributed £340million to 3.4 million eligible members.

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Debbie Crosbie, Nationwide’s Chief Executive, said: “Nationwide has had an outstanding twelve months. We returned a record £2.8billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances, and we remain first for customer service.”

It comes after Nationwide sent a separate £50 thank you bonus to its customers earlier this year following its takeover of Virgin Money. A total of £600million was dished out to over 12 million members.