Nationwide Building Society has issued a timely reminder to its members that February is a crucial month for securing eligibility for its popular £100 Fairer Share bonus payments. The mutual organisation has distributed these complimentary cash rewards to millions of customers over recent years through its customer reward initiative.
Understanding the Fairer Share Payment Scheme
The building society operates this annual scheme to reward loyal members who conduct the majority of their banking with Nationwide. While the institution typically doesn't confirm whether the programme will run each year until several weeks before payments are made – usually around May – financial experts suggest it's likely to continue based on its successful implementation since 2023.
Essential Criteria for Qualification
To position themselves for the £100 bonus, customers must ensure they meet specific requirements during the qualification period. The standard deadline for eligibility is March 31st, with payments normally arriving in bank accounts during June.
Members need to maintain both a current account and either a qualifying savings account or mortgage with Nationwide. This means existing current account holders should consider opening a savings product with the building society, while those with only savings accounts may need to establish a current account relationship.
Mortgage customers with Nationwide can also qualify by switching their everyday banking to the mutual organisation. New customers still have adequate time to open the necessary accounts and meet the criteria before the March deadline.
Expert Guidance on Maximising Chances
Financial advisory service Money Saving Expert has commented on the scheme, noting: "For the past three years Nationwide has given some existing customers a £100 'Fairer Share' bonus. It's likely, though not guaranteed, to do the same again this year."
The expert resource further explained: "In previous years, the scheme has been announced in May and paid in June, though whether you got it depended on if you met the qualifying criteria in the first three months of the year – so now's the perfect time to maximise your chances."
This February represents a critical window for Nationwide members to review their banking arrangements and ensure they fulfil all necessary requirements to potentially receive the £100 payment. While not absolutely guaranteed to recur, the scheme's consistent operation over recent years suggests strong likelihood of continuation, making proactive preparation a sensible financial move for eligible customers.
