Martin Lewis' MSE explains how to 'maximise' your chance of getting £100 from Nationwide
Martin Lewis' MSE explains how to 'maximise' your chance of getting £100 from Nationwide
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Martin Lewis’ MoneySavingExpert.com website has explained how to “maximise” your chance of getting a free £100 from Nationwide. The building society has paid out a “Fairer Share” bonus for the past two years to certain customers. Last year, a total of £385million was paid out in June to 3.85 million customers - but your eligibility was based on whether you met the qualifying criteria in the first three months of the year. MSE explained: “Now's the perfect time to maximise your chances.”.
Nationwide has not yet confirmed if the payments will be made again this year - it is all dependent on its financial performance and will likely be confirmed in May - but MSE has explained how the eligibility criteria is likely to be the same. Those who were eligible for a payment last year, needed to have a qualifying current account, plus a mortgage or savings account with Nationwide. Last year, your current account needed to have been opened on or before March 31, 2024. If you had a FlexAccount, FlexBasic, FlexDirect, you needed to have paid in at least £500 and make two payments out of your account in two of the first three months of the year, or make at least ten payments out of your account.
For those with a FlexOne, FlexGraduate, FlexStudent account, you just needed to have made a payment in or out of your account in March 2025. FlexPlus packaged accounts are also eligible as long as you have paid the account fee. Finally, you needed to have at least £100 in savings or owe at least £100 on a mortgage with Nationwide. Nationwide contacted all eligible customers by May 31 last year, and the payments were made between June 13 and June 28. If you're considering moving to Nationwide, you can currently get a switch bonus of £175. To qualify, you must transfer a minimum of two active direct debits, deposit a minimum of £1,000 and make one debit card payment within 31 days. You also get access to a linked regular saver paying 6.5% variable interest for a year.
