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ELIGIBLE MEMBERS WILL RECEIVE THE NATIONWIDE £100 FAIRER SHARE PAYMENTS IN JUNE AND JULY 15:02, 03 Jun 2025 Nationwide is handing out £100 payments to millions of its members after having an

"outstanding" year. The company reported a 30 per cent increase in annual profits last year. On Thursday, May 29, Nationwide announced it would issue its third Fairer Share

pay-out to qualifying members next month, amounting to £100 per person. It is issuing the one-off payments after having pre-tax profits of £2.3 billion for the year ending March 31 - a

significant increase from £1.8 billion the previous year. It comes after the firm acquired Virgin Money in October 2024, which Nationwide said was thanks to its members helping it build its

"financial strength". Throughout April and May, the mutual bank also handed out £50 'thank you' payments to around 12 million customers as a way to repay its members.

_JOIN THE MANCHESTER EVENING NEWS __WHATSAPP__ GROUP _HERE Article continues below Debbie Crosbie, group chief executive at Nationwide Building Society, commented: "Nationwide has had

an outstanding twelve months. "We returned a record £2.8 billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances.

"The Virgin Money performance was strong in the six months since our acquisition, with improvements in customer service and a return to growth in mortgage lending." Despite these

generous member benefits, underlying pre-tax profits dipped slightly to £1.9 billion from £2 billion, as Nationwide maintained its commitment to offering competitive interest rates to its

customers. Following the completion of the £2.9 billion takeover of Virgin Money last year, Nationwide has risen to become the UK's second-largest provider of mortgages and savings.

EXACT PAYMENTS DATES OF NATIONWIDE £100 FAIRER SHARE PAYMENTS Eligible members will receive their £100 payment between June 18 and July 4, 2025, according to Nationwide. Article continues

below On the Nationwide website, it says over four million of its members will receive the £100 Fairer Share payment. It also claims that to be an "eligible member," you must be a

member of Nationwide with a qualifying current account, plus either qualifying savings or a qualifying mortgage. And you need to have met these criteria on March 31 this year. For full

details on the scheme, you can read Nationwide's terms and conditions.