What is the Nationwide Fairer Share payment? Bank shares update on payment date and how to check if you qualify
Millions of customers across the country are set to receive £100 payments as the UK’s biggest housebuilder announces the latest rollout under its Fair Share scheme.
The initiative will have returned approximately £1.5bn to members since its launch in 2023; This move reflects its commitment to sharing the benefits of the fiscal performance of states across the country.
Although the Association intends to make annual Fairer Share payments, these are not guaranteed and are subject to Board approval.
The news comes after Nationwide Building Society announced a drop in annual profits after taking over Virgin Money, making a pre-tax profit of £1.49bn for the year to the end of March. This is down from the £2.3bn it achieved last year.
The latest Fairer Share payment, which totals around £440 million and will go to around 4.4 million eligible members across the country, will be paid from 10 June.
Who is eligible for Nationwide Fair Share payments?
People can check all terms and conditions here: Check Nationwide’s website to see if they may be eligible.
Generally, to meet the new £100 payment criteria, people must be a Nationwide member with a qualifying current account, as well as qualifying savings or a qualifying mortgage.
The criteria must be met by March 31, 2026.
A current account held with Clydesdale, including a Virgin Money current account, will not be an eligible current account.
Get a free partial share of up to £100.
Capital is at risk.
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Get a free partial share of up to £100.
Capital is at risk.
Terms and conditions apply.
ADVERTISING
Members can qualify for savings if they have at least £100 in total in one or more personal savings accounts or Nationwide cash Isas at the end of any day in March 2026.
For qualifying mortgages, people must owe at least £100 on Nationwide home mortgages at 31 March 2026.
What should you do if you miss a Nationwide Fair Share payment?
Virgin Money customers may have missed this window, but if they became members of Nationwide as a result of the rollover, they may be eligible for the Fairer Share payment in 2027, which includes eligible Virgin Money accounts.
Nationwide said it wanted to make the payment every year, but that would depend on its financial performance.
As a further sweetener for customers, the Association is also offering a new 5 per cent “members only” bond and is also offering a £175 current account switching incentive for those moving their current account to Nationwide.
The bond pays 5 per cent AER (annual equivalent rate) for 15 months on balances up to £10,000.
