Full list of people eligible for Nationwide £100 payments next week

More than four million members are estimated to benefit from the payments taking place from next week

Nationwide's £100 Fairer Share pay-outs are taking place from next week. The bank is giving its qualifying members £100 payments after a reported 30 per cent increase in annual profits last year.

The payments will be made to customers between June 18 and July 4, 2025 - but will only be made to qualifying members, according to Nationwide.

It comes after the mutual bank announced it would be issuing its third Fairer Share pay-outs on Thursday, May 29.

The payments are being made after Nationwide had pre-tax profits of £2.3 billion for the year ending March 31 - a significant increase from £1.8 billion the previous year.

The firm also acquired Virgin Money in October 2024, which Nationwide said was thanks to its members helping build its "financial strength".

Throughout April and May, the mutual bank also handed out £50 'thank you' payments to around 12 million customers as a way to repay its members.

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Debbie Crosbie, group chief executive at Nationwide Building Society, commented: "Nationwide has had an outstanding twelve months.

"We returned a record £2.8 billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances.

"The Virgin Money performance was strong in the six months since our acquisition, with improvements in customer service and a return to growth in mortgage lending."

Despite these generous member benefits, underlying pre-tax profits dipped slightly to £1.9 billion from £2 billion, as Nationwide maintained its commitment to offering competitive interest rates to its customers.

Following the completion of the £2.9 billion takeover of Virgin Money last year, Nationwide has risen to become the UK's second-largest provider of mortgages and savings.

Eligibility requirements for Nationwide £100 Fairer Share payments

On the Nationwide website, the bank states that over four million of its members will receive the £100 Fairer Share payment.

To be eligible, you must have had one of the following product combinations:

• A qualifying current account and qualifying savings
• A qualifying current account and a qualifying mortgage

And you need to have met these criteria on March 31 this year. The bank will only pay the money into an open Nationwide current account.

Those who were eligible for the payment will have been sent an email or letter by May 30.

But if you have not heard from Nationwide yet, you can see if you're eligible by logging into online banking or by using the eligibility checker on the bank's website.

For full details on the scheme, you can read Nationwide's terms and conditions.