Nationwide Building Society is signalling the likely return of its popular cash bonus scheme, putting millions of members in line for a £100 payment next year.
How to Qualify for the £100 Payment
To position yourself for this windfall, you need to hold a specific combination of accounts with the mutual. The Fairer Share scheme rewards customers who have both a Nationwide current account and either a savings account or a mortgage with the society.
These accounts typically need to be 'active', meaning they are used regularly and are not dormant. This setup is designed as an incentive for members to consolidate their main banking activities with Nationwide.
Key Dates and Payment Schedule
The building society normally sets a deadline at the end of March for members to meet the eligibility criteria. If you only have one of the required products—for instance, just a current account—you have until this spring deadline to open a savings account, or vice-versa.
Successful applicants then receive their £100 bonus payment in June. While the scheme is not guaranteed to run every year, it has operated successfully for the last three consecutive years, starting in 2023, making a 2026 iteration highly probable.
A Growing Benefit for Loyal Members
Nationwide has actively promoted the Fairer Share payments as a major benefit of membership, with bosses fully aware of its power to attract new customers. For existing members who have qualified each year, the scheme has proven particularly lucrative.
A spokesperson highlighted the cumulative benefit, stating: "Having an eligible current account, plus an eligible mortgage or savings, could mean you receive any future Fairer Share payments. And that adds up. For some members, it means they've received £300 in Fairer Share payments since 2023."
This potential for repeat payments offers a significant financial incentive for customers to maintain their relationship with the member-owned building society.
