The building society has issued £100 payments for millions of its customers for the last three years – here is how to maximise your chance to get the bonus cash
Nationwide customers can maximise their chance of getting the Fairer Share Bonus later this year by acting now.
The building society has issued £100 bonus payments for millions of its customers for the last three years. While it has yet to confirm whether it will do the same this year, Nationwide customers may want to take steps now to ensure they qualify for the cash, should it be announced.
In previous years, you needed to have a qualifying current account, plus a savings account or mortgage with Nationwide.
For savings accounts, you needed to have had at least £100 saved. For mortgage customers, you needed to have had at least £100 left to pay off by the end of March.
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But if you have a FlexOne, FlexStudent or FlexGraduate, then last year you had to have received at least one payment in, or made one payment out of your account, during March.
This did not apply if you completed a switch to your account using the Current Account Switch Service between January and March.
If you had a FlexAccount, FlexDirect or FlexBasic account, then last year you had to have received £500 in your account in two of the three months of January, February and March.
You also had to have made at least two payments out of your current account, or made at least ten payments out of your current account.
Again, this does not count if you completed a switch to your account between January and March. FlexPlus customers just needed to pay the £18 monthly fee to qualify for the £100 bonus.
It is worth noting that Nationwide has not announced whether it is definitely doing its Fairer Share Bonus scheme again this year yet – and if the qualifying conditions will be the same as previous years.
Last year, Nationwide announced its Fairer Share Bonus as part of its annual results in May, with the payments hitting accounts in June and July.
Nationwide paid out £400million in total to four million customers last year, after its statutory profit before tax rose to a record £2.3billion.
