Nationwide Building Society has issued a significant update regarding its popular Fairer Share payment scheme for the upcoming year of 2026. This initiative provides a £100 financial reward to loyal members who engage with the mutual by both saving and borrowing through its services.
Understanding the Fairer Share Payment Scheme
The Fairer Share payment is a key benefit offered by Nationwide, designed to distribute profits directly to its members. As the building society explains, "We share our profits with our members" through this programme. Eligibility typically requires individuals to maintain a current account alongside either savings or a mortgage with Nationwide.
Historical Context and Future Plans
In previous years – 2023, 2024, and 2025 – the scheme followed a consistent pattern, with announcements made in May and distributions occurring in June. Since its inception, some members have accumulated £300 in total payments through this initiative.
However, Nationwide emphasises that while they intend to continue the payments annually, this commitment remains contingent upon the society's financial performance. The organisation states clearly that "We may change the amount and the eligibility criteria based on that performance."
Maximising Your Chances of Receiving the Payment
Financial experts at Martin Lewis' MoneySavingExpert.com have outlined specific strategies to enhance eligibility for the Fairer Share payment:
- Actively use your Nationwide current account before March 31
- Ensure the account remains open until at least this date
- Maintain a minimum of £100 in a Nationwide savings account
- Alternatively, owe at least £100 on a Nationwide mortgage
Opportunities for New Customers
For those not currently banking with Nationwide, the building society offers an attractive switching incentive. New customers can receive a £175 bonus by transferring a non-Nationwide account to either a new or existing FlexDirect, FlexAccount, or FlexPlus account.
The switching process involves several key steps:
- Initiate a full switch using the Current Account Switch Service
- This process includes closing your previous account
- Deposit at least £1,000 into the new account
- Make one debit card payment within 31 days of account opening or switch completion
This comprehensive approach ensures that both existing members and potential new customers have clear guidance on how to benefit from Nationwide's customer reward programmes in the coming year.
