Nationwide Hopes to Repeat £100 Payout — Nationwide Fairer Share 2026 Update
Nationwide fairer share 2026 update: the building society says it hopes to pay its £100 Fairer Share to eligible members again this year after doing so for the last three years. For members who qualify, the update points to another cash return if Nationwide repeats the payment in 2026.
Tom Riley, Nationwide’s group director of retail products, said the society has paid the £100 Fairer Share to eligible members for the last three years and hopes to do so again this year. He linked the payment to Nationwide’s position as the most switched-to current account provider and to the fact that it does not have shareholders.
Nationwide and the £100 payment
£100 is the figure that matters most here, because it is the amount Nationwide has returned to eligible members in each of the last three years. Riley said, “That’s why we’ve paid our £100 Fairer Share to eligible members for the last three years and hope to do so again this year.”
Last quarter of 2025, Nationwide made the biggest net switching gains out of all other current account providers. Riley said, “The latest figures show Nationwide continues to be the most switched‑to current account provider. Because we don’t have shareholders, we can give more back to our members.”
Switching gains in 2025
90% of those who used the Current Account Switch Service in the last three years were satisfied with the overall process in Q1 2026. That is the clearest sign in the data that moving accounts has become routine for many customers, even as some banks keep losing more switchers than they gain.
Halifax, HSBC and Santander recorded the biggest losses in net switching gains during the last quarter of 2025. Barclays and Lloyds Bank had the next best net gains in the same period, which leaves Nationwide ahead of the pack in the switch race.
What members may get
Rachel Springall of said, “It is incredibly positive to see more consumers vote with their feet and ditch their current account.” She also said, “This inertia is still a barrier and it will take time to get more consumers in the habit of reviewing their current account package every year, like they would with their car insurance.”
Springall added, “Nationwide offers an array of accounts to suit different needs, and because they are a building society, they give back to its members.” Nationwide has also pledged to keep every branch open until at least 2030, a promise that gives members a longer runway for in-person banking while the Fairer Share decision plays out.
