Nationwide has reported its strongest financial results on record and said that a £340 million pot will be distributed to eligible members this month. Some 3.4 million members are set to benefit from the £100 payment, which the building society said was the first of its kind for the group.
The ‘strong financial performance’ has allowed it to launch the Nationwide Fairer Share Payment where members holding a qualifying current account plus either a qualifying savings or mortgage product will receive £100 automatically into their current account in June. To be eligible people need to have held their qualifying products on March 31, 2023.
Members of the Daily Record Money Saving Facebook group shared that Nationwide had started to inform eligible members about the payment on Friday, May 19 and that you can check on the Nationwide app if you are due to receive the payment.
