Millions of Nationwide Building Society customers could be in line for a welcome cash boost this summer, as the mutual is strongly tipped to repeat its popular £100 bonus giveaway.
How the Nationwide Fairer Share Scheme Works
The initiative, known as the Fairer Share scheme, has seen the building society distribute free £100 payments to qualifying members every year since its launch in 2023. While bosses have not yet officially confirmed the scheme for 2026, its established pattern and past success make a return highly likely.
The bonus is typically paid directly into members' bank accounts in June. However, the crucial deadline to ensure eligibility usually falls much earlier, around the end of March. This gives customers a limited window to meet the requirements if they wish to receive the windfall.
Eligibility Criteria for the £100 Payment
To qualify for the £100 bonus, members must fulfil specific conditions set by Nationwide. Firstly, an individual must hold a Nationwide current account. Crucially, they must also have either a qualifying savings account or a mortgage with the society. Holding just one type of account is not enough; customers need this combination to be eligible.
Furthermore, accounts must be active. Nationwide typically requires that accounts have been used recently, rather than lying dormant for extended periods. This means customers should ensure they are making transactions through their current account to demonstrate activity.
A Proven Tool for Attracting New Customers
The scheme has proved to be a highly effective strategy for Nationwide. It not only rewards loyal members but also acts as a powerful incentive for new customers to switch. Individuals who do not currently bank with Nationwide can make themselves eligible by signing up and opening the necessary accounts before the deadline.
The scale of the giveaway is significant. In 2025, around four million customers benefited from the £100 payment. With similar numbers anticipated for 2026, the total payout by the building society could again reach hundreds of millions of pounds.
For existing members, the message is clear: check your accounts now to ensure you meet the criteria ahead of the expected spring deadline. For those considering a switch, the potential £100 reward presents a timely opportunity to join the mutual.
