Nationwide has recently shared that some of its members will receive a free £200 boost. This is part of the bank’s “Fairer Share” payments program, which has been in place for the past few years. Many customers had been eagerly waiting to see if they would receive the £200 this year, and Nationwide has confirmed that over four million members will receive £100 in these payments in 2025.
£100 Fairer Share Payments
For those eligible, Nationwide will be depositing £100 into their current accounts between June 18 and July 4. To qualify for this, members must have Nationwide as their primary bank for everyday banking. In addition, they must also have an eligible savings or mortgage product with the bank.
Opportunity for a £200 Boost
If you’re not currently receiving the £100 payment because you didn’t have your main current account with Nationwide by March 31, there’s still a chance to get a £200 boost. Nationwide is offering a £200 Member Exclusive Current Account Online Switch Offer for those who decide to switch their main bank account to Nationwide.
How to Claim the £200 Offer
To claim this £200, you need to do the following:
-
Switch your main account to Nationwide by using their online switching service.
-
The switch should be to a new or existing FlexPlus, FlexDirect, or FlexAccount.
-
Ensure that your old bank account is completely closed after switching.
-
Transfer at least two Direct Debits to your new Nationwide account.
-
Complete the switch within 28 days.
-
Deposit a minimum of £1,000 into the new account and make at least one debit card transaction within 31 days.
It’s important to note that this offer is only available if you are switching into an account that hasn’t received one of Nationwide’s switch offers since 2021.
Nationwide is offering its members opportunities to receive both £100 and £200 bonuses, depending on their current situation. Those who already meet the criteria for the Fairer Share payment can expect £100 between June and July. Others can take advantage of the £200 switching offer by meeting the necessary requirements. Whether you’re a new or existing customer, there are options to get a nice cash boost from Nationwide by following their simple switching process.
FAQs
1. How do I qualify for the £100 Fairer Share payment from Nationwide?
To qualify for the £100, you need to use Nationwide for your everyday banking and have an eligible savings or mortgage product. The payment will be made between June 18 and July 4, 2025.
2. Can I still get the £200 cash offer from Nationwide if I missed out on the £100?
Yes, you can claim a £200 cash offer by switching your main bank account to Nationwide, meeting all the necessary conditions, such as transferring Direct Debits and making a deposit.
3. What accounts do I need to switch to for the £200 offer?
You can switch to a FlexPlus, FlexDirect, or FlexAccount with Nationwide to claim the £200 offer.
4. What is the deadline for completing the switch to claim the £200?
You must complete the switch within 28 days and meet all requirements, including depositing £1,000 and making one debit card transaction within 31 days.
5. Can I get the £200 offer if I already received a switching bonus from Nationwide since 2021?
No, the £200 offer is only available if you haven’t received a switching bonus from Nationwide since 2021.
It all helps