Some Nationwide customers have been pleasantly surprised to find a £300 payment dropping into their bank accounts – but not everyone qualifies.
The building society pay-outs are issued under its so-called Fairer Share Payments, a cash reward aimed at loyal members who both save and borrow with the mutual.
The payments, which have been worth up to £300 per person so far, are designed to share profits with customers rather than external shareholders – a key selling point of building societies.
However, eligibility is tightly drawn and depends on customers holding qualifying products such as a current account alongside savings or a mortgage.
Nationwide has already paid out hundreds of millions of pounds under the scheme since it was introduced, making it one of the most generous loyalty rewards offered by any UK bank.
Those who have received the money say it has simply appeared in their account with little warning, prompting others to check whether they too might be in line for a windfall.
But the building society has stressed that payments are not guaranteed and depend entirely on its financial performance.
As Nationwide itself puts it: “Some members have received £300 in Fairer Share Payments since 2023. It’s our intention to make a payment every year, but this will depend on how we perform financially.”
That caveat means customers should not bank on the bonus being repeated automatically, particularly if economic conditions worsen or profits come under pressure.
Nationwide has not yet confirmed whether another payout will be made this year, nor how much any future payment might be worth.
For now, members keen to maximise their chances are being urged to ensure they meet the eligibility rules – though even then, there are no promises.
