Overview
- Nationwide announced last Monday that it will pay about £440 million in Fairer Share distributions, sending £100 into roughly 4.4 million qualifying current accounts between June 10 and June 30.
- To qualify members must have had an eligible Nationwide current account open on March 31, 2026 and meet at least one other condition such as holding at least £100 in Nationwide savings during March or owing at least £100 on a Nationwide mortgage.
- Members will receive automatic notifications and must contact Nationwide by June 8 to decline the payment if they do not want it, using the app chat, phone lines, or branch services.
- Nationwide will report the payment to HMRC as interest and will not deduct tax at source, so recipients whose total savings interest exceeds their personal allowance may owe tax and see less than the £100 net.
- The society has also launched a 5% Member Exclusive Bond and a £175 switching incentive that can raise some customers' short‑term benefit to £275, while current Virgin Money and Clydesdale Bank current accounts are excluded from the 2026 payout with potential inclusion from 2027 and future distributions subject to Board approval.