Nationwide members receive £100 bonus payment – Daily Business

Debbie Crosbie: market leader (pic: DB Media Services)

Nationwide Building Society will again pay a profit-share bonus to four million eligible customers, the fourth time it has made the payment under its Fairer Payment scheme.

Virgin Money customers, who only recently became Nationwide members following a £2.9 billion takeover, will have to wait until next year for any payout.  

Nationwide will only make the payment to members with a qualifying current account open on 31 March 2026, combined with either at least £100 in total savings or a minimum of £100 owed on a mortgage, on the same date.  

Dame Debbie Crosbie, Nationwide’s chief executive, said: “Our growth in mortgages, retail deposits and personal current accounts is leading the market, which means we can again make a Fairer Share payment to eligible members, and offer a new Member Exclusive Bond to all members.”

Payments will begin on 10 June. 

The announcment came came as the building society reported pre-tax profits of £1.49 billion, down from the £2.3bn it made last year when it earnings included a one-off gain following the acquisition of Virgin Money. 

Business lending took a slight dip, falling to £14.9bn from £15.1bn, as the firm pointed to a competitive market.

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