Overview
- Nationwide, which shared an update Wednesday on the prospect of a 2026 £100 'Fairer Share' payout, stopped short of confirming that a payment will go ahead.
- Fresh switching figures for the last quarter of 2025 show Nationwide with the biggest net gains, with Barclays and Lloyds also gaining customers as Halifax, HSBC and Santander lost ground.
- Banks are drawing switchers with cash bonuses and perks, and many households are moving to stretch budgets during a period of higher living costs.
- Nationwide credits a member-first approach and a promise to keep every branch open until at least 2030 for attracting customers who still want in-person service.
- The Current Account Switch Service moves direct debits and redirects payments and reports about 90% satisfaction over the past three years, which lowers hassle and risk for people who switch.