Nationwide customers keen to bag £100 in the Fairer Share bonus should follow a few simple rules this month, says Martin Lewis.
The Money Saving Expert founder has highlighted the scheme, which has paid out £100 for the last two years to customers who met the qualifying criteria in the first three months of the year.
Last year, £385 million was paid to 3.85 million Nationwide members. The year before that it was £340 million to 3.4 million people.
But, crucially, in those previous years, the scheme hasn't been been announced until May and then paid in June, so while it's not guaranteed, his site says it's likely to follow the same pattern again.
In a post on X, he said: "Max your chances of getting a FREE £100/yr from Nationwide. Its Fairer Share scheme to reward some 'loyal' customers has been running for two years. Here's what you likely need to do to boost your chances this year..."
New. Max your chances of getting a FREE £100/yr from Nationwide. Its Fairer Share scheme to reward some 'loyal' customers has been running for two years. Here's what you likely need to do to boost your chances this year... https://t.co/pNjBjyB5gM
— Martin Lewis (@MartinSLewis) February 4, 2025
Nationwide bonus: How to maximise your chances
1. Sounds simple, but don't close your Nationwide current account. Or, at least not until March 31 2025.
2. Secondly, use your current account as it's intended. For a FlexAccount, FlexBasic, FlexDirect pay in at least £500 and make two payments out of your account in two separate months.
Alternatively, in two of the first three months of the year, make 10+ payments from your account
For FlexPlus packaged account, just paying the fee counts.
For FlexOne, FlexGraduate, FlexStudent accounts - just pay something in our our of your account in March 2025.
3. Make you have at least £100 in savings or owe at least £100 on a mortgage with Nationwide in March 2025.
Recommended reading:
- The banks that will pay you up to £200 to swap accounts
- Rare Royal Mint UK coin reaches 250 times its face value
Not with Nationwide? Get £175 to switch to it
Make the most of this offer and you could get both the £100 bonus, and £175 for joining its FlexDirect account, plus pick up 5% interest on up to £1,500 held in the account and up to £5 a month cashback on debit card spending for a year.
To do this, switch to Nationwide FlexDirect by March 31 2025, using the Current Account Switch Service through Nationwide.
Then pay in £100 into a Nationwide savings account or owe at least £100 on a Nationwide mortgage in March 2025.
Nothing is guaranteed, but you could be £100 richer in June.
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