MILLIONS of Nationwide customers could find an extra £100 sitting in their bank account right now – and there’s one specific code to look for on your statement to confirm the cash has landed.
Britain’s biggest building society has already paid more than four million eligible members the £100 windfall in a single day as its annual Fairer Share Payment rolls out.
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Nationwide has given itself until June 30 to complete the remaining transfers.
The code you need to look for on your bank statement is Nationwide Fairer Share Payment – if you can see those words next to a £100 credit, the money is yours.
Around 4.4million members are in line for the payout this year, with eligibility based on holding a Nationwide current account alongside either a qualifying savings product or a mortgage.
Qualifying current accounts include FlexAccount, FlexBasic, FlexDirect, FlexPlus, FlexOne, FlexGraduate and FlexStudent holders, provided they met the activity thresholds by March 31 2026.
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For FlexAccount, FlexBasic or FlexDirect customers, that meant receiving at least £500 into the account and making at least two payments out in two of the three months between January and March 2026.
FlexPlus customers simply needed to have paid their monthly account fee, whilst FlexOne, FlexGraduate and FlexStudent holders required at least one payment in or out during March 2026.
On the savings side, customers needed at least £100 sitting in a personal savings account or cash ISA with Nationwide at the end of any single day during March 2026, whilst mortgage holders needed to owe a minimum of £100 on a Nationwide residential mortgage as of March 31 2026.
This year’s payment was announced at Nationwide’s full-year financial results on May 21, as the mutual revealed it had delivered £1.5billion to members during the year ended March 31 2026.
Stephen Noakes, Nationwide’s Retail Director, said: “We’ve made strong progress with this year’s Fairer Share payment, surpassing four million payments on the first day.
“We’re pleased to be able to reward eligible members with £100 for the fourth consecutive year, reflecting Nationwide’s strong financial position.”
If you’ve received the £100 payment, there is a tax point to be aware of, according to MoneySavingExpert.com.
HMRC treats the £100 as savings income, in the same way as interest earned on a savings account.
For most people, this will not lead to a tax bill.
This is because basic-rate taxpayers can usually earn up to £1,000 a year in savings income tax-free through the Personal Savings Allowance.
However, higher-rate taxpayers, or people with large amounts of savings outside an ISA, may need to pay tax if the £100 pushes them over their allowance.
Any tax due is charged at your usual Income Tax rate, which is 20% for basic-rate taxpayers, 40% for higher-rate taxpayers, or 45% for additional-rate taxpayers.
In most cases, you do not need to do anything, as Nationwide will report the payment to HMRC automatically.
But if you complete a Self Assessment tax return, you should include the £100 on your return.
