Nationwide Building Society Sets Date for £100 Fairer Share Payment Decision
Nationwide Building Society has issued a significant update regarding its popular Fairer Share Payment scheme for the coming year. The mutual lender has confirmed that its board will make the crucial decision about whether to distribute the £100 customer bonus in 2026 as part of its full-year results announcement in May.
Financial Performance Determines Payment
A spokesperson for the building society explained the decision-making process, stating: "Nationwide's board will decide on a Fairer Share Payment for 2026 and it will depend on our financial performance. That assessment will be made after our financial year end, with the eligibility criteria for this year being agreed then too."
This annual payment represents a reward for loyal members who both save and borrow with the mutual organisation. The scheme has become an established feature of Nationwide's customer offering, having been successfully implemented in 2023, 2024, and 2025, with announcements typically made in May and distributions following in June.
Additional Switching Bonus Available
Alongside the potential Fairer Share Payment, Nationwide is currently promoting an attractive £175 switching bonus for new customers. This substantial incentive is paid within 10 days of meeting all specified requirements and appears on statements as 'Switching Offer'.
To qualify for this switching bonus, customers must:
- Switch a non-Nationwide bank account to a new or existing FlexDirect, FlexAccount, or FlexPlus account
- Ensure the old account has at least two Direct Debits to transfer
- Complete a full switch using the Current Account Switch Service within 28 days
- Pay in at least £1,000 and make one debit card payment within 31 days of account opening
Important restrictions apply to this offer, and joint account holders should note they will receive only one £175 payment regardless of how many individuals are named on the account. The account must remain open when Nationwide processes the payment.
Competitive Banking Landscape
Nationwide operates in a highly competitive banking sector, facing established rivals including Santander, HSBC UK, Lloyds, Barclays, and NatWest. These customer reward initiatives represent part of the building society's strategy to maintain and grow its member base while demonstrating the benefits of mutual ownership.
The Fairer Share Payment scheme particularly embodies Nationwide's commitment to distributing profits to members rather than external shareholders, distinguishing it from many traditional high street banks. As May approaches, eligible members will be watching closely for the board's decision regarding this valued annual bonus.
