Nationwide has announced its next round of £100 Fairer Share payments with 4.4 million members set to receive the payment.
It marks the fourth year in a row where Nationwide is paying the bonuses, with the building society confirming the news today as part of its latest full-year financial results.
In order to be eligible for the payment, you need to have a qualifying current account, plus a savings account or mortgage with Nationwide.
If you do qualify, the money will be paid into your Nationwide account automatically from June 10. You do not need to apply for it.
The money is treated as savings for tax purposes, but you can earn up to £1,000 in savings interest every tax year before you need to pay tax.
Dame Debbie Crosbie, Nationwide’s Chief Executive, said: “More people than ever are choosing Nationwide.
”Our growth in mortgages, retail deposits and personal current accounts is leading the market, which means we can again make a Fairer Share payment to eligible members, and offer a new Member Exclusive Bond to all members.”
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Last year, Nationwide paid out £400million to more than four million customers. The building society has paid out £1.5billion since the scheme started in 2023.