Nationwide is sending a free £100 payment to eligible customers next month as part of its 'Fairer Share' scheme.

The will see over four million current account customers get a , after the building society announced profits of £2.3billion for the year up to March 31, 2025. This year makes the third year in a row that has dished out the bonus, meaning it will have paid out more than £1billion to eligible customers since 2023.

The Fairer Share programme was set up to reward customers who bank with the , allowing them to share some of the profits - but only if they meet certain criteria. Unfortunately not all Nationwide customers will be eligible for the £100 payment, as was the case in 2023 and 2024.

Nationwide has confirmed that to qualify, you must have had one of the following:

• A qualifying current account and qualifying savings
• A qualifying current account and a qualifying mortgage

To have a qualifying current account, your account must have been open on March 31, 2025. If you didn't have an open Nationwide current account on this date then you won't qualify. You must also have used your current account within the first three months of the year.

To have a qualifying savings account you must have had at least £100 in one or more personal savings accounts or cash ISAs with Nationwide at the end of any day in March 2025.

Finally, to have a qualifying mortgage you must have owed at least £100 on your Nationwide residential mortgage on March 31, 2025.

Anyone who doesn't meet the above criteria will not be eligible to receive the £100 bonus payment in June. But if you do qualify, Nationwide says it plans to make the £100 payment to all its eligible customers between June 18, 2025, and July 4, 2025.

The building society said: "We will pay the money into your Nationwide current account by electronic transfer. If you hold more than one current account with us, we may pay the money into any of those accounts. We will pay the money into an account in your sole name if you have one and will pay it into a joint account if you do not.

"The payment will appear on your current account statement as Nationwide Fairer Share Payment. We will not make the payment in any other way and if you do not have an open Nationwide current account when we try to make the payment, you will not be eligible to receive it."

It adds: "We will decide whether you are eligible for the payment based on the information we hold about you and the products you have with us. We always do our best to ensure that the information is accurate and complete, but incomplete, inaccurate, or out of date information may mean we wrongly exclude you from the payment.

"We will make the payment if we find out you were wrongly excluded, but we will not be liable for any other loss you may incur if this happens. We also cannot guarantee how quickly an application for a qualifying product might be completed and therefore will not be responsible if you miss out on the payment because of a delay in opening a relevant product.

"If, after checking your eligibility, you think you have been wrongly excluded, please get in touch and if we have got it wrong, we will take steps to put it right."