Who is eligible for Nationwide’s fairer share payment – and how much will people get?

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleMillions of Nationwide customers are set to receive a £100 payment (Getty)Millions of Nationwide customers are set to receive a £100 payment as part of the building society's Fairer Share scheme, which has distributed approximately £1.5 billion to members since its inception in 2023. The latest £100 payment, totalling around £440 million for approximately 4.4 million eligible members, will be disbursed starting from 10 June. To qualify, members must hold a Nationwide current account along with either qualifying savings (at least £100 in personal savings or cash ISAs) or a qualifying mortgage (owing at least £100) by March 31, 2026. Nationwide's announcement follows a drop in its annual pre-tax profits to £1.49 billion for the year ending March, down from £2.3 billion the previous year, partly due to its acquisition of Virgin Money. While Virgin Money customers are generally not eligible for this specific payment, they could qualify for future Fairer Share payments in 2027 if they become Nationwide members through the transfer; the society also offers a new 5% member-exclusive bond and a £175 switching incentive. In fullWhat is the Nationwide Fairer Share payment? Bank shares update on payment date and how to check if you qualifyThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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