Nationwide Fairer Share Payment 2025 Full Guide for Customers

For millions of people in the UK, the Nationwide Fairer Share Payment 2025 is a huge event. More than four million members will be paid £100 this summer. Nationwide is returning money to its members for the third year in a row. The idea is simple-reward loyal customers who hold on to their savings, current accounts, or mortgages with a building society.

In this article, we shall explain everything you need to know about the Fairer Share Payment 2025: who is eligible; when the payment will come; why Nationwide is granting the bonus; and what it means for the members.

What is the Nationwide Fairer Share Payment 2025?

The Fairer Share Payment is a cash benefit earned by the eligible customers of Nationwide directly. Each customer qualified under the rules will receive a sum of £100 in their current account. This is drawn directly from the profits of Nationwide.

From June 18, 2025, payments will start and continue during the year. The payment, titled “Nationwide Fairer Share Payment”, will reflect in your account statement. You need not apply for receipt of payment if you qualify; the money will automatically be transferred to you.

Nationwide is set to once again pay the Fair Share Compensation Bonus. In light of this decision, what makes the building society so distinctly different from a bank? In simple words, it is a mutual society limited by shares, with the ownership residing with its members, not dependent on external shareholders. Profits would not simply go into the pockets of shareholders; rather, Nationwide shares the good results directly with its customers.

In May 2025, record profits in the amount of £2.3 billion were declared by Nationwide. This year was characterized as “exceptional” as Nationwide’s outstanding performance was strongly driven by savings, mortgages, and customer service.

Thus, in embracing that profit for their membership, Nationwide has decided to run with the Fair Share Payment for the third consecutive year. More than £1.1 billion has already been paid back to members through this scheme since 2023.

How Many Customers Should Look Forward to Payment?

Nationwide has over 17 million customers throughout the UK. But that does not mean everybody is eligible for paying out. Only about 4 million customers receive a £100 bonus this year. Therefore, one out of every four members will be paid the reward.

If you are not accepted this year, you could gain qualification next year under the right circumstances.

Who can receive the Fairer Share Payment 2025?

You are required to have:

• Current account of a nationwide form.
• Plus, at least one qualifying savings account or mortgage from nationwide.

Let’s simplify this stepwise.

Current Account Eligibility Requirements:

One must have a current account of Nationwide. Different accounts have scope for different rules:

• FlexPlus account: paid the monthly fees.
• FlexOne, FlexStudent, FlexGraduate: at least one payment has been received in or made out in the month of March 2025.

FlexAccount, FlexDirect, and FlexBasic customers must meet one of these conditions:

• In at least two out of the three months (January, February, or March 2025), you paid in £500 or more and made at least two outgoing payments.
• Or, in at least two of those months, you made 10 or more outgoing payments from your account.
• Switched Accounts: Using Current Account Switch Service during the period of January 1 to March 31, 2025, you qualify automatically.

Subsidiary accounts such as with Virgin Money or Yorkshire Bank do not qualify.

Savings Account Conditions:

If your Nationwide savings balance reached at least £105 at the close of any day in March 2025, you were eligible. The following types of savings accounts qualify:

• Personal savings accounts
• Cash ISAs

However, criteria exclude business savings accounts, investment accounts, and subsidiary accounts.

Mortgage Requirement:

You could also be counted as qualifying if you had a Nationwide residential mortgage without the qualifying savings:

Conditions:

• Eligibility required owing a minimum of £100 on your mortgage on 31 March 2025.
• Mortgages from subsidiaries like The Mortgage Works or Virgin Money do not count.
• Commercial mortgages do not count.

Checking Eligibility

• It is pretty easy to check whether you qualify or not through Nationwide:
• Check your Nationwide app or online banking. A notification will appear if you are eligible.
• Otherwise, Nationwide has sent email or letters to all its clients by 30 May 2025.
• Not sure if you qualify? Simply try Nationwide’s online eligibility checker.

When’s the £100 Going to Be Paid?

• The payments will happen between 18 June to 4 July, 2025.
• The payment will be credited into your Nationwide current account within this period.
• In the case you have more than one current account, remember a payment may be made into any of the accounts.
• During this time, your account should be kept open. Should you close it, the payment will not be made to you.

What if Nationwide informs you that you don’t qualify?

• Some customers believe they should qualify but they are excluded. Nationwide judges from the information that it has on you. If that information is incomplete or wrong, you may miss out.
• If you think that you have been wrongly turned down, you would definitely want to contact Nationwide customer services.
• After the identification of the error, Nationwide will make the correction and make the payment. Unfortunately, the building society is unable to offer any other loss caused by the original error.

Is the £100 taxable?

Yes, the payment is treated as interest for UK tax purposes.

• Nationwide will pay the full amount, without deducting tax at disbursement.
• The payment will be reported to HMRC.

Whether you will pay tax depends on your circumstances:

• Basic rate taxpayers: They don´t pay tax on interest of £1,000 or less.
• Higher rate taxpayers: They don´t pay tax on interest of £500 or less.
• If you are an additional rate taxpayer, you won’t get a personal savings allowance.

If your income is below £17,570, you may secure qualification for the starting rate for savings, making interest of £5,000 tax-free. Most people will not be required to pay tax on that £100.

Member benefits in 2025

Fairer Share Payment 2025 was things that did not end; other member benefits included:

• An 18 month Member Exclusive Bond at 5% interest.
• A £200 switching award for customers transferring their current account to Nationwide.

Indeed, these rewards indicate that Nationwide is more committed to returning value to members as opposed to profit making.

Why This is Important to Customers

Most banks and financial institutions are centered around shareholders as opposed to being customer-centric, which is something that makes Nationwide unique. Rather than being an external shareholder, a member becomes the owner of that institution. For this reason, having it returned back by a Fairer Share payment proves that being loyal has its rewards.

This £100 really makes a significant difference for many families. It can just about pay a bill, get some groceries, or even buy a small treat. The initiative will also motivate the customers using Nationwide for most of their banking, savings, and mortgages.

Increase in the Fair Share Payment

The payment is going up year after year:

• 2023: 3.4 million members were given £100 each (£340 million total).
• 2024: 3.85 million members were given £100 each (£385 million total).
• 2025: An estimated 4 million members will each get £100 (which is over £400 million in total).

Nationwide will have paid out over £1.1 billion to members in total, beginning in 2023.

Will There be More Fair Share Payment?

Nationwide aims to award the bonus each year. It purely depends on how football will be strong with profit generation. If it continues to be strong, including this year’s payment, it will continue. Chief executive Debbie Crosbie says power is always honored while staying financially strong to give benefits derived from membership.

Main points to be remembered

• The National Fair Share Payment in 2025 will amount to a payment of £100.
• Over 4 million people are qualified to receive this.
• Members will receive their payments anytime from June 18 to July 4, 2025.
• You need to have a current account with Nationwide, along with an eligible saving account or mortgage.
• It’s the third consecutive year that the bonus is being paid.
• It is considered, for tax purposes, as interest.
• Use the app, online banking, or Nationwide’s eligibility checker to confirm if you qualify.

The Fairer Share Payment across the nation marks 2025 as far more than free money. It shows what a member-owned society can do in treating its customers fairly.

For millions, this £100 payment equals an acknowledgment of their loyalty. Nationwide demonstrates that banking can be about sharing in the success and not just in pursuit of profits. If you’re lucky enough to qualify this year, enjoy your payment. If not, keep checking the rules to enhance your chances next year.

Meanwhile, the Fairer Share Payment is quite likely to remain among the most popular customer rewards across UK banking.