Nationwide Announces Update on Annual £100 Bonus Payment: Nationwide Building Society has confirmed its annual £100 bonus payment for 2025, known as the Fairer Share bonus. This initiative aims to reward loyal members for their continued support and engagement with the bank’s financial services. The official announcement is set for 29 May 2025, coinciding with the release of Nationwide’s financial report.
Eligibility Criteria for the £100 Bonus Payment:
To qualify for the £100 Fairer Share bonus, members must meet specific criteria based on account activity and engagement with Nationwide services:
- Active Current Account:
- The account must have been opened by 31 March 2025.
- Transaction Activity (January – March 2025):
- Members must either:
- Deposit a minimum of £500, or
- Make at least 10 outgoing payments, excluding internal transfers.
- Members must either:
- Savings or Mortgage Relationship:
- Maintain at least £100 in a savings account, or
- Hold a mortgage with a minimum outstanding balance of £100.
Payment Schedule and Expected Dates:
- The official eligibility confirmation will be announced on 31 May 2025.
- Payments are expected to be disbursed between 13 June and 28 June 2025.
- Eligible members will receive the £100 bonus directly into their Nationwide accounts.
Difference Between £100 Bonus and £50 Thank You Payment:
Nationwide recently issued a separate £50 “Thank You” payment to select members as part of its acquisition of Virgin Money UK. However, the £100 Fairer Share bonus is unrelated and is specifically designed to reward ongoing member engagement based on specified criteria.
Important Dates to Remember:
- 29 May 2025: Official announcement of the £100 bonus payment criteria.
- 31 March 2025: Deadline for account and transaction eligibility.
- 13 – 28 June 2025: Payment window for eligible members.
UK £250 Cost of Living Payment 2025: What You Need to Know
Nationwide Bonus Payments – What You Need to Know
FAQs –Nationwide Announces Update on Annual £100 Bonus Payment
- When will the £100 bonus payment be announced?
- Nationwide will officially announce the payment details on 29 May 2025.
- How can I check if I am eligible for the £100 bonus?
- Eligibility will be determined based on account activity and savings/mortgage balance as of 31 March 2025.
- When will the bonus be paid?
- Payments are expected to be credited between 13 June and 28 June 2025.
- Will the £100 bonus be taxable?
- Nationwide will provide further information regarding tax implications during the official announcement.
As a finance news writer at sirfal.com, I specialize in breaking down complex economic trends, market updates, and investment strategies into clear, actionable insights. My mission is to empower readers with the knowledge needed to make informed financial decisions. Thank you for engaging with my articles; I hope they add value to your financial journey.