Nationwide is expected to reward millions of customers with a “fairer share” bonus in 2025, and those eager to cash in are being urged to act sooner rather than later.
Martin Lewis and his Money Saving Expert (MSE) team have issued advice on how individuals can “max their chances” of pocketing the payment. They predict, albeit without certainty, that Nationwide may once again roll out these bonuses this year.
In a recent MSE article, it was noted that in previous years the announcement has come in May with payments following in June. Last year, Nationwide celebrated sharing its profits with nearly 4 million members through the Fairer Share Payment, proclaiming: “The Fairer Share Payment is our way of rewarding those members who choose us for their everyday banking as well as having savings or a mortgage with us.”
When it was unveiled in 2024, Nationwide said it was “sharing our profits with nearly 4 million of our members” and added: “The Fairer Share Payment is our way of rewarding those members who choose us for their everyday banking as well as having savings or a mortgage with us.”
Bonuses were then paid between June 13 and June 28.
To better your chances of securing the bonus this year, MSE advises you keep your account open past March 31 and make sure the account is used in certain ways before this date.
Eligibility varies based on the type of account you hold. For those with a FlexAccount, FlexBasic, FlexDirect, you need to deposit at least £500 in two of the first three months of 2025 and make two payments from your account, or you’ll need to make 10 or more payments from your account over this same time period.
MSE explains that the second method was used as criteria in 2024 but not in 2023.
MSE adds: “For those with a FlexPlus packaged account: Just paying the fee counts. For those with a FlexOne, FlexGraduate, FlexStudent account: Make a payment IN or OUT of your account in March 2025. Payments can include debit card transactions, Direct Debits, bank transfers and standing orders (but not transfers to other Nationwide accounts you have).”
As well as the above steps, you’ll also need to have at least £100 in savings, or owe at least £100 on a mortgage with Nationwide, in March 2025, MSE said. However this is all just based on previous criteria and there are “no guarantees”.
