Nationwide will pay millions of customers £100 bonus if they meet 'criteria'

James Rodger
·2-min read

Nationwide has announced new £100 bonus payments for millions of customers. The payments will be paid directly into almost 3.9million eligible customer accounts next mont - if you meet strict criteria set out by the building society today.

Customers, to qualify, must have a qualifying current account, plus a mortgage or savings account with Nationwide. Your current account must have been opened on or before March 31, 2024, Nationwide has also explained.

It will distribute £385 million to members who choose Nationwide for their everyday banking and have a qualifying savings or mortgage product. The Fairer Share Payment is £100 and will be paid directly into current accounts of eligible members next month.

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The Nationwide Fairer Share - qualifying current accounts - includes the FlexOne, FlexStudent or FlexGraduate. Customers of this account must have received at least one payment in, or made one payment out of your account, during March 2024.

It does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2024 and March 31, 2024. The FlexAccount, FlexDirect or FlexBasic is also included in the qualifying criteria.

For this account, in two of the three months of January 2024, February 2024 and March 2024, you must have received at least £500 into your current account, not including transfers from other Nationwide accounts and have made at least two payments out of your current account, or you must have made at least ten payments out of your current account.

This does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2024 and March 31, 2024. For the FlexPlus, which is also in the qualifying criteria, you must pay the monthly fee for maintaining the account.

Debbie Crosbie, Nationwide’s Chief Executive, said in a statement: “Our strong financial performance means we are able to offer more ways for our members to benefit from our success. This is only possible because we are owned by members and all our profits are reinvested for their benefit.”

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