Nationwide Bonus Payments: Nationwide Building Society is set to announce its much-anticipated £100 bonus payment for 2025, aimed at rewarding loyal members who actively engage with the bank’s financial products. This initiative is part of the “Fairer Share” payment scheme, which has previously rewarded millions of customers.
The announcement is expected on 29 May 2025, coinciding with Nationwide’s financial results release. Here’s what to expect and how to ensure you qualify for the bonus payment.
What Is the Nationwide Bonus Payments?
The Fairer Share Payment is a one-off £100 bonus distributed to eligible Nationwide members as a gesture of appreciation for their continued banking relationship. This scheme is designed to encourage active use of Nationwide’s current accounts, savings products, and mortgages.
In 2024, Nationwide disbursed approximately £385 million to 3.85 million members, with each qualifying account holder receiving a £100 payment. The same structure is expected for 2025, but final eligibility criteria will be confirmed on 29 May 2025.
Eligibility Criteria for the Nationwide Bonus Payments
To qualify for the Nationwide Bonus Payments of £100 bonus in 2025, members must meet specific criteria, likely similar to the previous year’s requirements:
- Active Current Account:
- Hold a qualifying current account as of 31 March 2025.
- Accounts that may be eligible include FlexAccount, FlexDirect, FlexPlus, and FlexBasic.
- Account Activity:
- Receive at least £500 in deposits and make at least two payments out in two of the three months from January to March 2025.
- Alternatively, members can make at least 10 outgoing payments in two of the three months.
- Additional Products:
- Hold at least £100 in a Nationwide savings account as of 31 March 2025 or
- Maintain a balance of at least £100 on a Nationwide mortgage by the same date.
Key Dates to Remember
- 29 May 2025: Announcement of 2025 Fairer Share Payment and eligibility criteria.
- 31 May 2025: Notifications sent to eligible members.
- 13 – 28 June 2025: Payments are expected to be deposited directly into qualifying current accounts.
How to Check Eligibility and Claim Your Bonus
- Check Your Account Status: Ensure your current account is active and meets the minimum transaction requirements.
- Review Savings & Mortgage Balances: Confirm you have the required balances in savings or mortgage accounts by 31 March 2025.
- Stay Informed: Watch for Nationwide’s official announcement on 29 May 2025 for final eligibility criteria and payment details.
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FAQs: Nationwide Bonus Payments
1. When will Nationwide announce the £100 Fairer Share Payment for 2025?
Nationwide is expected to announce the bonus payment on 29 May 2025, alongside its financial results.
2. How can I qualify for the £100 bonus?
To qualify, you must hold a qualifying current account and meet the minimum transaction or balance requirements between January and March 2025.
3. When will the payments be made?
Payments are expected to be issued between 13 and 28 June 2025 via direct deposit.
4. Are joint account holders both eligible for the £100 bonus?
Yes, if both account holders meet the eligibility criteria individually, each can receive the £100 payment.
5. Is the £100 payment taxable?
Yes, the bonus is considered taxable income and will be reported to HM Revenue & Customs (HMRC).
Conclusion
Nationwide’s £100 bonus payment for 2025 presents an excellent opportunity for members to earn extra cash simply by maintaining an active current account and additional financial products. With the announcement scheduled for 29 May 2025, now is the time to review account balances and ensure eligibility for this anticipated payment. Stay updated through Nationwide’s official website and be ready to claim your bonus in June 2025.
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.