Martin Lewis says get free £275 from Nationwide | European Markets

Thousands and thousands of Nationwide clients are being urged to make sure they qualify for a free £100 a yr from the bank.

Cash professional Martin Lewis is reminding anybody who banks with Nationwide that they might finish up getting free money from the bank this yr however will need to make sure they meet the eligibility standards.

Prior to now two years, Nationwide has shared its income with its clients. Final yr, £385m was paid to three.85m clients (£100 every), and the yr earlier than £340m to three.4m clients.

Martin Lewis stated: “New. Max your chances of getting a FREE £100/yr from Nationwide.

“Its Fairer Share scheme to reward some ‘loyal’ customers has been running for two years. Here’s what you likely need to do to boost your chances this year.”

The difficulty is that Nationwide will give out the money based mostly on sure standards, akin to these above, nevertheless it doesn’t reveal what the standards are till the money is already being distributed.

So with a view to increase your probabilities, Martin Lewis and MSE are urging people to take measures now that are prone to issue into this yr’s eligibility, based mostly on what occurred in 2023 and 2024, which incorporates three key steps.

He then shared a hyperlink to his MSE web site, which stated: “For the past two years Nationwide has given some existing customers a £100 ‘Fairer Share’ bonus.

“It’s likely, though not guaranteed, to do the same again this year.

“In previous years, the scheme has been announced in May and paid in June, though whether you got it depended on if you met the qualifying criteria in the first three months of the year – so now’s the perfect time to maximise your chances.”

The 1st step, with a view to make sure you qualify, is that you simply need to have an open Nationwide account on March 31, 2025.

Then, secondly, you need to make use of your present account in no less than two of the primary three months of the yr. Which means you pay in £500 and make two funds out of your account.

Alternatively, you may make 10 funds out of your account in two of these three months.

Third and eventually, you need to have no less than £100 in financial savings or £100 in your mortgage in March 2025.

The money is prone to be paid out this summer time.

After all, there’s nonetheless time to change to Nationwide should you’re not at the moment a buyer and get its £175 switching bonus, which might then imply you’re in a position to get this £100 money this summer time as nicely for a whole of £275.

Though it has not but been formally introduced for 2025, Nationwide stated about its scheme in 2024: “At Nationwide we don’t just have customers, we have members. And membership means sharing in our profits through the Nationwide Fairer Share Payment.

“This year, we’re sharing our profits with nearly 4 million of our members.

“The Fairer Share Payment is our way of rewarding those members who choose us for their everyday banking as well as having savings or a mortgage with us.

“If you’re eligible, you can expect to receive the payment between 13 June and 28 June. You don’t need to do anything. So long as you still have an open current account with us, we’ll transfer it straight to you. Should you only have a joint current account, this is where we’ll make the payment.”