Nationwide has paid more than four million eligible members £100 in a day as it rolls out its Fairer Share Payment – making it one of the UK’s largest payouts.
Britain’s biggest building society has given itself until July 4 to pay the money into members’ current accounts although has already managed to process 99.97 per cent of payments, with the remaining 0.03 per cent being completed by early July.
Fairer Share goes to eligible members choosing Nationwide for their everyday banking, in addition to holding a qualifying savings or mortgage product. This year’s payment, which was announced at Nationwide’s most recent Financial Results at the end of May, marks the third year in a row it has been paid.
Nationwide has paid eligible members more than £1 billion in direct payments in 2025. In addition to the £400 million-plus Fairer Share Payment, Nationwide paid out £615 million in its Big Nationwide Thank You, which gave over 12 million eligible members £50 for helping Nationwide build the financial strength to purchase Virgin Money last year.
Stephen Noakes, Nationwide’s Retail Director, said: “We have already made excellent progress in rolling out this year’s Fairer Share payment, having surpassed four million payments in the first day. We are delighted to have been able to pay eligible members £100 for the third year running due to Nationwide being in a strong financial position. That strength, combined with our mutuality, meant we were able to return a total of £2.8 billion in value to members in the last financial year.”
Nationwide has paid out a Fairer Share Payment since 2023. The payment is dependent on Nationwide’s financial strength and is subject to Board approval.
