Many Nationwide Building Society customers in the UK are eagerly waiting to find out if they’ll receive another Fairer Share Payment in 2025. Last year, nearly four million members were thrilled to get a £100 bonus from the bank as part of this special reward program. Now, all eyes are on whether the bank will do it again this year.
What Is the Fairer Share Payment?
The Fairer Share Payment is a reward given by Nationwide to its loyal members. It’s the bank’s way of saying thank you for staying with them and using their services. To qualify, customers usually need to have a current account, savings account, or a mortgage with the building society.
Last year, the payment was £100, and it was paid out in June 2024. People who had been active members and met the bank’s conditions received the amount either directly into their bank account or by cheque.
When Will Nationwide Announce the 2025 Payment?
Nationwide has said that the final decision on whether to give the Fairer Share Payment in 2025 will depend on their financial results. The announcement is expected on May 29, 2025, when the bank releases its full-year financial performance report.
A spokesperson from the bank earlier stated: “Nationwide’s Board will decide on a Fairer Share payment for 2025 and it will depend on our financial performance.”
So customers won’t have to wait long – the big news is expected this Thursday.
Who Was Eligible for the 2024 Payment?
To get the Fairer Share Payment in 2024, members needed to meet certain conditions. These included having one of the following:
- A current account
- A savings account
- A residential mortgage with Nationwide
In addition, they had to show regular activity or a certain balance. The idea was to reward people who actively use Nationwide for their everyday banking and savings.
What About the £50 Courtesy Payment?
Recently, Nationwide also gave out an extra £50 payment to over 12 million members. This was part of a special thank-you following the building society’s takeover of Virgin Money.
To qualify for this £50 payment, you had to be a Nationwide member as of September 30, 2024, and still be a member when the payment was made. You also needed to meet at least one of these conditions in the 12 months before the cut-off date:
- Made at least one qualifying transaction on your current or savings account
- Kept at least £100 in your current or savings accounts
- Owed at least £100 on a Nationwide residential mortgage
The payment was sent out either by direct deposit or by cheque, and members were even allowed to deposit the cheque into other bank accounts as long as the account was in their name.
What’s Next for Nationwide Members?
Nationwide customers should watch for the official announcement on May 29. If the bank’s financial results are strong, it’s likely that the Fairer Share Payment will be given again this year.
Members are encouraged to keep checking the Nationwide website or their email for updates and eligibility details.
Nationwide’s Fairer Share Payment is a unique way of rewarding loyal members. With the 2024 bonus bringing smiles to millions, many are hoping for good news again in 2025. The decision will be made based on how well the bank performed financially over the past year. While nothing is confirmed yet, customers don’t have to wait long – the official update is just around the corner. If approved, this payment could again help ease financial stress for many UK households.
FAQs
What is the Nationwide Fairer Share Payment?
It is a reward payment given by Nationwide Building Society to loyal customers who hold current accounts, savings, or mortgages with them.
When will Nationwide announce the 2025 payment decision?
Nationwide will announce whether the 2025 Fairer Share Payment will be given on May 29, 2025.
Who was eligible for the 2024 Fairer Share Payment?
Customers with a current account, savings account, or mortgage and who met certain activity or balance conditions qualified.
What is the £50 Nationwide courtesy payment?
This was an extra payment given to over 12 million members after Nationwide acquired Virgin Money.
Can I deposit a Nationwide cheque into another bank account?
Yes, you can deposit it into another account as long as it’s in your name.
