Millions of customers will start to receive from today. The building society is paying out a third round of its Fairer Share payments between June 18 and July 4.

If you are eligible for the cash, you should have received an email or letter from Nationwide. It will be paid directly into your current account, meaning you don't need to apply for it.

In order to get the payment, you need to have a qualifying current account, plus a savings account or mortgage with Nationwide. You can find out the exact qualifying criteria for each type of Nationwide current account below.

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Your current account must have been opened on or before March 31, 2025. For savings accounts, you must have had at least £100 saved at the end of any day in March 2025.

If you have a mortgage, you must have had at least £100 left to pay off on March 31, 2025. The building society will pay out £400million in total to four million customers after its statutory profit before tax rose to a record £2.3billion.

It comes after Nationwide paid out a separate £50 thank you bonus to customers earlier this year following the Virgin Money takeover.

Debbie Crosbie, Nationwide’s Chief Executive, said: “Nationwide has had an outstanding twelve months. We returned a record £2.8billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances, and we remain first for customer service.”

Here is the additional qualifying criteria for each Nationwide current account:

• FlexOne, FlexStudent or FlexGraduate: You must have received at least one payment in, or made one payment out of your account, during March 2025. This does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025 and March 31, 2025.
• FlexAccount, FlexDirect or FlexBasic: In two of the three months of January 2025, February 2025 and March 2025, you must have received at least £500 into your current account, not including transfers from other Nationwide accounts and have made at least two payments out of your current account, or you must have made at least ten payments out of your current account.
  Again, this does not count if you completed a switch to your account using the Current Account Switch Service between January 1, 2025 and March 31, 2025.
• FlexPlus: Pay the monthly fee for maintaining the account.