THE ONE-OFF BONUS PAYMENT WILL SEE OVER FOUR MILLION CURRENT ACCOUNT CUSTOMERS GET A SHARE OF AROUND £400 MILLION CLAIRE SCHOFIELD 12:37, 31 May 2025 Nationwide is set to distribute a

complimentary £100 payment to qualifying customers next month as part of its 'Fairer Share' initiative. This one-time bonus will benefit over four million current account holders,

sharing approximately £400 million, following the building society's announcement of £2.3 billion profits for the year ending March 31, 2025. This marks the third consecutive year that

Nationwide has issued this bonus, resulting in over £1 billion being paid out to eligible customers since 2023. The Fairer Share scheme was established to reward those who bank with the

qualifying mortgage To qualify via a savings account, you must have held at least £100 in one or more personal savings accounts or cash ISAs with Nationwide at the close of any day in March

2025, reports the Express. Alternatively, to qualify via a mortgage, you must have owed at least £100 on your Nationwide residential mortgage on March 31, 2025. Those who do not meet these

criteria will not be eligible for the £100 bonus payment in June. However, for those who do qualify, Nationwide intends to distribute the £100 payment to all eligible customers between June

18, 2025, and July 4, 2025. The building society has announced: "We will pay the money into your Nationwide current account by electronic transfer. If you hold more than one current

account with us, we may pay the money into any of those accounts. We will pay the money into an account in your sole name if you have one and will pay it into a joint account if you do not.

"The payment will appear on your current account statement as Nationwide Fairer Share Payment. We will not make the payment in any other way and if you do not have an open Nationwide

current account when we try to make the payment, you will not be eligible to receive it." They further clarified: "We will decide whether you are eligible for the payment based on

the information we hold about you and the products you have with us. We always do our best to ensure that the information is accurate and complete, but incomplete, inaccurate, or out of date

information may mean we wrongly exclude you from the payment. "We will make the payment if we find out you were wrongly excluded, but we will not be liable for any other loss you may

incur if this happens. We also cannot guarantee how quickly an application for a qualifying product might be completed and therefore will not be responsible if you miss out on the payment

because of a delay in opening a relevant product." Article continues below They added a note for customers who believe there has been an oversight: "If, after checking your

eligibility, you think you have been wrongly excluded, please get in touch and if we have got it wrong, we will take steps to put it right."