Did you miss out on the £100 Nationwide Fairer Share prize? Here’s how to make sure you qualify next year

Nationwide Building Society could pay another £100 Fairer Share next year, following strong indications from its chief executive in recent weeks.

Britain’s building society got a £2.3bn windfall from its £2.9bn takeover of Virgin Money in October.

Therefore, Debbie Crosbie said there was a ‘good position’ to restore the ‘Fairer Share’ fee of £100 to authorized dealers.

In the summer, the Nation paid 3.85 million members £100 per membera total of £385million will be distributed after announcing pre-tax profits of £1.77 billion in the year to April 2024.

The year before that, £344 million against 3.44 million members. The following fees are the most expensive.

But more than that 12 million of the country’s 16 million members lost the £100 bonus in June – 76 percent.

That’s because there are strict National criteria for who gets the funding.

At the most basic level, to receive the new £100 Fairer Share reward, members must hold a current Nationwide account with one of the following:

• At least £100 in a Nationwide savings account or Isa every day in March 2024
• Borrowing more than £100 on a national mortgage by 31 March 2024

But it doesn’t stop there. Eligible current accounts are:

• FlexPlus – this account requires a monthly fee of £18 to maintain.
• FlexOne, FlexStudent or FlexGraduate – these are children and student accounts
• FlexAccount, FlexDirect or FlexBasic – these are special conditions

To become a current account, your account must be open by March 31, 2024.

But if you hold one of the FlexAccount, FlexDirect or FlexBasic accounts, you must meet one of the two conditions attached to these accounts.

In two of the three months of January 2024, February 2024 and March 2024, you must have at least £500 in your current account – plus transfers from other National accounts you hold do not count.

Also, you need to make two payments from your current account.

So you need to get the full £1,000 into the current account from a non-National account and make no less than four payments in two of those three months.

If you have not met any of those conditions, you can still qualify by making at least 10 payments from your current account in the second of the three months of January 2024, February 2024 and March 2024 – for a total of 20 account payments across two months.

These conditions do not apply to new customers who switch their existing accounts to Motu between 1 January 2024 and 31 March 2024.

If you’re overdue for Nationals, you’ll need to have all your ducks lined up before the end of December to make sure you’re eligible.

Once these criteria are met, customers will receive a £100 bonus in their current account between 13 and 28 June.

The country has confirmed that Virgin Money customers will not be entitled to direct debit in the future.

The national deposit is currently £175 to new customers who switch to one of its existing accounts, meaning new National customers could get £275 between now and June 2025… if the Fairer Share rate is reinstated .