Nationwide Building Society has issued a significant announcement regarding its popular Fairer Share bonus payment scheme, which could see millions of members across the UK receive a £100 payout later this year. This annual initiative has distributed substantial sums to eligible customers in recent years, typically in June, and is now under consideration for 2026.
Update on Fairer Share Payments for 2026
While the building society has not yet confirmed the continuation of the Fairer Share scheme for 2026, it is widely anticipated that the payments will proceed, based on historical patterns. Nationwide traditionally waits until May each year to announce whether the bonus will be awarded, just weeks before the scheduled payouts in June. This timing allows the society to assess its financial performance thoroughly before making a commitment.
The decision to run the Fairer Share scheme is not guaranteed annually but is contingent on Nationwide's financial results. A spokesperson for the building society explained to the Mirror that the board will evaluate the possibility of a 2026 payment after the financial year ends, with eligibility criteria also being determined at that time. The final announcement is expected as part of Nationwide's full-year results in May.
Eligibility and Impact of the Scheme
To qualify for the £100 Fairer Share bonus, customers must hold a current account with Nationwide, along with either a qualifying savings account or a mortgage. This criteria has helped make the scheme a powerful tool for attracting new customers, as it rewards loyalty and encourages broader engagement with the society's financial products.
On its official website, Nationwide emphasises that while they aim to make Fairer Share payments every year, this depends on their financial performance. They also note that future payments may involve changes to the eligibility requirements or the amount distributed, reflecting the dynamic nature of the programme.
This update comes amid broader financial news, including confirmed bonuses for state pensioners, highlighting the ongoing importance of such schemes in supporting consumers. Nationwide's approach underscores its commitment to sharing profits with members, pending positive financial outcomes, and keeps millions of customers eagerly awaiting the May decision.
