PORTMAN BUILDING SOCIETY-bonus

MarkyMarkD

Whilst I don't doubt what you say, I would doubt what one Nationwide (presumably) person has told you until I see it in writing.

mystic_trev

MarkyMarkD wrote: »

Whilst I don't doubt what you say, I would doubt what one Nationwide (presumably) person has told you until I see it in writing.

I've had it in writing from the Portman not Nationwide.

Curious_Moose

When do we actually get the dosh?

Snow_Dog

Within 28 days of the merger, which if it goes ahead is scheduled for 28th August 2007.

So cheque will be in the post sometime in september 2007.

cheggers

I think the £200 (£160 after tax) windfall is pretty crap.

If Portman had gone plc we have been looking at £1,000 I bet.

Opened my account back in Jan 98, so when it converts to a Nationwide account it will be outside the Nov 97 cut of point for life time signaways as well.

Nationwide are getting Portman on the cheap. Portman's membership is worth more than £160.

Rhino666

I totally agree with the OP - the bonus payout is a ripoff.

Paying out the same bonus for a carpet bagger balance, versus a genuine customer is naive.

Despite arguments to the contrary my money will be going elsewhere as soon as the bonus payout date is reached.

cheggers

seven-day-weekend wrote: »

I will get the basic, my husband will get more :T :j

This will be the second windfall we have had from these account as we initially opened ISAs with the Staffordshire, which shortly afterwards got taken over by Portman.

I have also heard rumours that Nationwide will go plc in the future and therefore we will be in line for a third! :beer:

You wont qualify for a 3rd windfall. Your Nationwide membership date will be the same date you opened your Staffordshire ISA. Unless you opened the ISA prior to the end of 1997 (which you wont have as ISA's were not arround in 97) you will not have full membership rights at Nationwide. You will be classed as a member that as has signed a life time signaway. So if Nationwide go plc your 3rd windfall will go to charity not to you.:rotfl:

seven-day-weekend

cheggers wrote: »

You wont qualify for a 3rd windfall. Your Nationwide membership date will be the same date you opened your Staffordshire ISA. Unless you opened the ISA prior to the end of 1997 (which you wont have as ISA's were not arround in 97) you will not have full membership rights at Nationwide. You will be classed as a member that as has signed a life time signaway. So if Nationwide go plc your 3rd windfall will go to charity not to you.:rotfl:

My husband has been a member since 1971 (Staffordshire) - just not with an ISA. He has since closed his original account, but had no break of membership as the two accounts (the original and his ISA) overlapped for a while.

I think I may also have been in a similar position, but I'm not sure. (I may have closed my account before opening the ISA).

We had a mortgage with them for twenty years too.

So hopefully we will be in line for at least one more windfall.

seven-day-weekend

While we're on the subject, does anyone know if anything is happening at West Bromwich Building Society??

bristolleedsfan

seven-day-weekend wrote: »

My husband has been a member since 1971 (Staffordshire) - just not with an ISA. He has since closed his original account, but had no break of membership as the two accounts (the original and his ISA) overlapped for a while.

I think I may also have been in a similar position, but I'm not sure. (I may have closed my account before opening the ISA).

We had a mortgage with them for twenty years too.

So hopefully we will be in line for at least one more windfall.

nationwides position will be that windfall rights thing is irrelevant as they have declared there intent to remain as a building society, its general opinion that if nationwide board have a change of heart in the future then they will rip up the agreements forfeiting windfalls in order to get a vote through :rolleyes: