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£100 payment - Nationwide Fairer Share

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Comments

  • Yorkshire_Pud
    Yorkshire_Pud Posts: 1,966 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I’ve had plenty of switch payments and even Debbie’s tsb Quidco £50’s so this isn’t the end of the world.

    What does hurt though is the feeling of being EXCLUDED from a party I should have been invited to as a long term Nationwide member.

    Seems Debbie, who went on to close quite a few tsb branches but who does seem to know how to get failing companies back on the straight and narrow thinks Nationwide is a bank not a building society so applying her default ‘bizness’ skills to it thereby disenfranchising the majority of Nationwide members who will be getting nowt.

    It’s one for one and all for one after all Debbie Crosbie!? Sowing the seeds of disenchantment within a mutual organisation for a cheap, relatively, publicity stunt (because Nationwide is still keeping the majority of the vast profits generated by not paying very good interest rates (apart from the lucky one year of perks recent members who get the £100 then drop you when the tree is bare, leaving the long term members/mugs to keep the ship afloat, glug)  ⛴️ 
  • I find it slightly bizarre that there are some people moaning about getting / not payments, I for one am very grateful and received a letter through the post this morning confirming that I will receive my £100 payment.  
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    500 Posts Second Anniversary Name Dropper Photogenic
    edited 23 May 2023 at 3:09PM
    Nationwide like to paint themselves as some kind of socialist organisation but this is just marketing. As I am sure many on here are aware. While it is true they are a building society, most of it has been stripped away and they operate very similar to a bank and have profit from your debt, pay vast salaries to the top and cut jobs. I'd expect regular payments of this kind yearly if the bank makes a profit, all profit going back into the organisation to allow lending on better terms etc etc to convince me.
  • As I posted, earlier in this thread, my Daughter has a Loyalty Saver and an unused CA with a zero balance. Therefore no bonus for her.
    As I wrote, last October, I switched but only for the incentive at the time. Fortunately, because I opened a Savings Account too, I fulfill the requirements for the £100.
    As in your last sentence, she will be withdrawing those savings and closing the account. I agree, many more long time members will be doing the same and this is not "Fairer" at all.
    In the shooting oneself foot springs to mind with those words re-arranged to make a relevant saying!

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