**Nationwide to Pay Out £100 Bonuses to Millions as Profits Surge: Eligibility Criteria Detailed**
Millions of Nationwide Building Society members are set to receive a £100 windfall in the coming weeks, following the company’s announcement of a significant profit increase over the past year. The building society, which recently cemented its status as the largest of its kind in the UK, will allocate £400 million in bonus payments as part of its ongoing Fairer Share initiative.
Scheduled to arrive directly into eligible current accounts between 18 June and 4 July, this bonus payment marks the latest in a series of profit-sharing efforts by Nationwide. The scheme underscores the society’s commitment to returning value to its customers, leveraging its strong financial performance to support members during a challenging time for household finances.
To qualify for the payment, customers need to have maintained a current account with Nationwide as of 31 March 2025, alongside either a savings account or mortgage also held with the society. The savings account must have contained at least £100 on any day in March 2025, while mortgage holders must have owed a minimum of £100 on their loan at the end of the same month.
Different types of current accounts come with their own specific eligibility requirements. For those with a FlexOne, FlexStudent, or FlexGraduate account, a single payment in or out during March 2025 is required—though this does not include account switches made using the Current Account Switch Service within the first quarter of 2025. FlexAccount, FlexDirect, and FlexBasic holders must have received at least £500 (excluding transfers from other Nationwide accounts) in two out of three months—January, February, or March 2025—and made payments from the account to qualify. Completing at least ten outgoing transactions within that period is an alternative route to eligibility. FlexPlus holders simply need to have paid their regular monthly account fee.
Nationwide began corresponding with eligible members via email or letter last month, aiming to ensure that customers are aware of their potential bonus payment. This proactive communication seeks to provide clarity amid numerous ongoing cost of living pressures affecting UK households.
The move comes at a time when Nationwide’s financial performance has exceeded expectations. The society reported pre-tax profits of £2.3 billion for the financial year ending 31 March 2025—a 30% rise from the previous year’s £1.8 billion, in part due to the recent acquisition of Virgin Money. The underlying pre-tax profit, however, saw a modest decrease to £1.9 billion as the organisation chose to focus on offering competitive rates to its members.
This bonus follows a previous one-off £50 payment distributed to members earlier in the year, also tied to the Virgin Money acquisition. In addition, last year 3.85 million members shared out £385 million, building a steady track record of profit-sharing that reflects Nationwide’s mutual ethos.
Debbie Crosbie, Chief Executive of Nationwide, celebrated the results, stating: “Nationwide has had an outstanding twelve months. We returned a record £2.8 billion in value to our members and saw our highest ever year for growth in mortgage lending and retail deposit balances. We remain first for customer service.” Her comments highlight the society’s determination to maintain strong links with its member base and ensure they benefit from mutual ownership.
Nationwide’s model, which forgoes shareholders in favour of distributing profits among its members, stands out in the increasingly competitive financial sector. As rivals work to attract customers amid economic headwinds, such tangible rewards are likely to prove popular with savers and borrowers alike.
For those eager to confirm whether they qualify for the payment, detailed information is available both through direct communications from Nationwide and on the society’s official website. Members are advised to consult these resources to ensure they meet all criteria and, if not already done, prepare their accounts as required for potential future rounds of Fairer Share rewards.
In a financial climate that continues to challenge many, Nationwide’s £100 bonus offers timely relief and sets an example for how customer-centric values can be maintained, even during periods of significant corporate growth. The month ahead will see millions benefit—a clear signal that the society’s mutual roots remain central to its strategy.