Nationwide's £100 Bonus: Comprehensive Guide and Steps to Claim It
The £100 Fairer Share Bonus from Nationwide Building Society is set to be distributed to eligible members in 2025, marking another year of the society's loyalty reward scheme. To qualify for this bonus, customers must meet specific eligibility criteria.
Firstly, you need to have opened a Nationwide current account by March 31, 2025. For certain account types like FlexOne, FlexStudent, or FlexGraduate, you must have made at least one payment in or out during March 2025 (excluding transfers via the Current Account Switch Service). Additionally, you must hold at least one savings or mortgage product with Nationwide on March 31, 2025. Standard savings and residential mortgages count, but business, commercial, buy-to-let, or linked-bank products do not.
To increase your chances of receiving the bonus, it's recommended to maintain a qualifying current account and savings or mortgage product with Nationwide continuously. Ensure at least one payment in or out of your current account in March 2025 for specific account types. Avoid relying on mere account switching transactions that do not count towards eligibility. Stay active with qualifying Nationwide products as of March 31, 2025.
It's important to note that the 2025 bonus payment continues the Fairer Share scheme with broadly consistent eligibility, but the exact transaction windows and account types qualifying are explicitly confirmed each year. The Current Account Switch Service transfers between January and March 2025 do not count as qualifying payments for activity purposes. You must hold the relevant accounts by the eligibility cutoff date, meaning opening new accounts after March 31 does not qualify you for the 2025 bonus.
Personal finance expert, Martin Lewis, has shared tips for maximizing chances of receiving the bonus. He recommends switching to a qualifying Nationwide account, ensuring regular account activity, and maintaining active savings and mortgage products.
The bonus is paid directly into the recipient's Nationwide account, usually between June 13 and June 28. Nationwide plans to distribute £400 million to around four million members during mid-2025.
To avoid missing out on the bonus, monitor your account eligibility period, particularly around March 31 each year. Having at least one year of account history with Nationwide can be beneficial for qualifying for future bonuses. Maintaining a savings account or mortgage with Nationwide, in addition to an active current account, may also be a requirement.
The £100 bonus from Nationwide Building Society is an incentive for both existing customers and new account holders. Some qualifying current accounts include FlexPlus, FlexDirect, FlexAccount, FlexOne, and FlexGraduate.
Before the bonus payout date, review your account balance, transactions, and eligibility status to ensure everything is in order. Remember, the key to receiving the £100 bonus is to maintain a qualifying current account and savings or mortgage product with Nationwide, make regular transactions, and meet the eligibility criteria as of March 31, 2025.
- To be eligible for the £100 Fairer Share Bonus from Nationwide Building Society in 2025, it's necessary to open a Nationwide current account by March 31, 2025, and hold at least one savings or mortgage product with them on the same date.
- The market for personal finance and banking products in Africa may find the Fairer Share scheme of interest as a model for loyalty rewards, given the increasing importance of customer retention in the industry.
- For the banking and insurance sector in developing countries like Africa, understanding and adapting to regional financial norms and logistical challenges is crucial when considering transformation and expansion.
- To maintain a high level of personal financial well-being, it's essential to prioritize contributing to savings, ensuring regular payments, and staying informed about account eligibility requirements for bonus incentives from banking institutions like Nationwide.
