Nationwide is expected to distribute its latest round of "fairer share" bonus to millions of customers later this year, and those eager to pocket the cash in 2025 should take note. The Money Saving Expert (MSE) team, led by Martin Lewis, recently sent out an email detailing how to "max their chances" of getting the payment. Nationwide is expected to hand out these bonuses again in 2025, though it's not guaranteed. According to MSE, the announcement usually comes in May with payments following in June.
In 2024, Nationwide said it would be "sharing our profits with nearly 4 million of our members", adding: "The Fairer Share Payment is our way of rewarding those members who choose us for their everyday banking as well as having savings or a mortgage with us.". At the time, the building society shared the eligibility requirements: "Members will need a qualifying current account plus either qualifying savings or a qualifying mortgage. And they would have needed to meet this criteria when we last checked on 31 March 2024.".
Most members received their payments between June 13 and June 28 last year. To boost your odds of getting the bonus this time around, MSE advises keeping your account open at least until March 31 and actively using your current account in the first quarter of the year. Eligibility varies based on the type of account you hold. For those with a FlexAccount, FlexBasic, FlexDirect, you need to deposit at least £500 in two of the first three months of 2025 and make two payments from your account, or you'll need to make 10 or more payments from your account over this same period.
The MSE article clarifies that the second method was used as criteria in 2024 but not in 2023. MSE further explains: "For those with a FlexPlus packaged account: Just paying the fee counts. For those with a FlexOne, FlexGraduate, FlexStudent account: Make a payment IN or OUT of your account in March 2025. Payments can include debit card transactions, Direct Debits, bank transfers and standing orders (but not transfers to other Nationwide accounts you have).".
