Nationwide members are starting to see £100 Fairer Share payments arrive in their accounts, with the building society also flagging up extra offers worth as much as £289 for existing customers.
According to the Mirror, the additional perks have been described as 'hidden in plain sight'. Many savers do not realise they are entitled to claim them alongside the headline £100 cash boost.
The Fairer Share scheme returns a slice of Nationwide's annual profits to qualifying members. To get the payment, customers usually need to hold a main current account alongside a qualifying savings product or a mortgage with the lender by a set qualifying date.
Those who meet the rules do not need to apply. The £100 is paid automatically into the current account linked to the membership, and most people should see it credited over the coming days as the round of payments rolls out.
On top of that, Nationwide is pointing members towards a range of perks the Mirror values at up to £289 combined. These include cashback offers, prize draws and reward deals that sit inside the banking app or come through email updates.
The payouts come at a useful moment for many households. Energy bills remain noticeably higher than they were before the cost of living crisis took hold, and food prices have continued to rise in recent months.
For families weighing up summer holidays, school costs and rising grocery bills, a £100 deposit can make a real difference. Money advisers often suggest using a sudden windfall to clear a small debt or top up an emergency fund rather than spending it straight away.
Anyone who thinks they should be getting the £100 but has not seen it yet has been told to check the eligibility dates on the Nationwide website. The building society has confirmed payments will continue to be processed over the next few weeks.