Over 1 million members have received a bonus of £100 in a day from Nationwide as it releases its Fairer Share Payment, which makes it one of the largest payouts in the history of the UK. This is a one-time payment for the qualifying individuals. Since 2003, Nationwide has paid over £1 billion to the eligible citizens of the UK.
£100 Bonus Payments to Millions of Customers from Nationwide Fairer
Britain’s biggest building society, Nationwide, will now provide a bonus of £100 to thousands of members. In two years, Nationwide has released pay of over £1 billion to eligible members. The payout will be released by 4th July 2025 to the current account of all the members. Though it has already managed to process 99.97 per cent of the payment, the remaining 0.03 per cent will be completed by mid-July.
The Fairer Share Payment is for those eligible members who are choosing Nationwide for their daily banking activities, including a mortgage product or qualifying savings. This year’s payout was announced at May end, which marks the third consecutive payment.
Nationwide Fairer Share payment: Overview
| Update On | Fairer Share £100 bonus payments |
| Administered by | The Nationwide |
| Origin | UK |
| Bonus amount | £100 |
| Number of beneficiaries | Over £1 billion |
| Payment date | June 18 – July 4, 2025 |
| Exclusions | Qualifying current account, qualifying savings, and qualifying mortgage |
| Category | Finance |
| Official website | nationwide.co.uk |
Nationwide Fairer Share payments: Eligibility
To avail the bonus of £100, you must qualify for either of the two conditions: –
- Qualifying savings or a current account
- Qualifying mortgage or current account
You will receive the payment of £100 once you are found eligible.
Fairer Share £100 Bonus: Payment Date
Nationwide is all set to release the payment of £100 to all the qualifying members between June 18 – July 4, 2025. The payment will be electronically transferred to all the account holders of Nationwide.
If you have more than one account, the payment will be made in either of your accounts. The payment in your will appears as the ‘Nationwide Fairer Share Payment’. There is only one type of payment method, and if you do not have a current account with Nationwide, you will not receive the payment.
How Will the Payment Be Used for the UK Tax Purposes?
Here is additional information for all. The Fairer Share Payment is treated as an interest for all tax purposes in the UK. Though no deductions are being made from the payment, the information is reported to the HMRC (HM Revenue and Customs).
In some conditions, you may have to pay the income tax if the total interest amount credited in the entire year exceeds the Personal Savings Allowance. The tax-related information depends on your understanding of HMRC practice and law, which applies to the taxpayers. Though the HMRC practice and current law change from time to time.
What If the Individual Does Not Want to Receive the Payment?
For some reason, if you don’t want to receive the payment, you can simply opt not to. For that, you need to reach Nationwide on or before June 16, 2025, by simply following these steps:
- Call on 0330 123 9734, between 09:00 AM to 05:00 PM from Monday to Friday, or between 09:00 AM to 02:00 PM on Saturdays.
- Manually visiting the office branch.
Back in 2023-2024, if you had chosen not to receive the Fairer Share Payment, you will still be asked again for the 2025 payment about your consent. However, once the decision is made, you can’t undo it to receive the 2025 payment.
What If I Hold a Joint Account?
Even if you hold a Joint Account, you don’t need to worry. In cases where the individual holds a joint account, each member will be a Nationwide member under certain terms and conditions. This concludes that if an individual holds a joint qualifying current account or qualifying account, the product will be counted towards the payment eligibility of each individual.
In a similar way, the qualifying savings will also account for the entire savings and cash balances, either in solo or joint names.
Exceptions Where You Will Not Be Provided the Fairer Share £100 Payment
The payment is made based on your eligibility and the information provided by you. However, Nationwide ensures to make accurate payments, but if in some cases, it is found to be inaccurate, outdated information, or incomplete, you will be excluded from receiving the payment. You will get the payment if you are wrongly excluded, but if the information is not accurate from your end, Nationwide will not be held liable.
In case, after checking the authenticity of the application, you are found excluded, you can get in touch with Nationwide.
You will not receive the payment if: –
- You do not hold a current account with Nationwide. Though it is not necessary to have a qualifying current account.
- We hear about your demise.
- We believe that your account has unauthorized access or is being used for illegal and fraudulent purposes.
- We believe:
- You have broken a law, code, court order, regulation, or any other duty
- You are exposed to a government body or law enforcement agency.
| Official Website | Click Here |
| Homepage | moyle-council.org |
