£100 payment - Nationwide Fairer Share

ForumUser7

ceetee03 said:

Does anyone know if I have £20k in a fixed saver if that qualifies? Thanks 

Do you also hold a current account that fulfils the eligibility requirements? (See my OP for what these are)

You can use their checker (https://www.nationwide.co.uk/about-us/fairer-share/check-if-eligible/) to determine eligibility

Bazzalona13295

Just had my e-mail confirmation.
Can't argue with their service.

danthemoneysavingman

Classic timing, I had an account with em 35 years, shut a couple months ago 

fourmarks

danthemoneysavingman said:

Classic timing, I had an account with em 35 years, shut a couple months ago 

That's what you get for being impetuous 

Sandydog

I've been a loyal member for 36 years.  I don't qualify.  I gave up work to be a carer. I have more than £500 going in for 2 of the qualifying months BUT because some of that is from a person with a Nationwide account it doesn't count.  I get shopping for the person I care for and am paid back by them. If they happened to bank elsewhere I would get the £100. I don't see why I am being penalised for someone else also being a loyal Nationwide customer. I'd understand if I had just moved the money around my own accounts. It's been my only current account for 36 years and all my income went into it for that whole time. 

Becles

Becles said:

Does anyone know what happens if you have two current accounts? 

I'm freelance so I don't get a fixed salary and get random payments throughout the month. 

In current account one, income from working has been trickling in throughout May. On the last day of May, I'll transfer it into current account two which is where my June bill payments and spending comes out of. 

Nothing gets paid from current account one and current account two is only funded by the internal transfer. 

I do have savings with them too. 

I've not had any notifications or emails.

I've been a customer for over 30 years now so it would be frustrating to lose out because of the way I budget. 

Just in case anyone was wondered, I've managed to speak to them and no I don't qualify.

30+ years of loyalty. I hold two current accounts and four savings accounts with them.

My salary current account meets the income requirement but it doesn't have any outgoing bills payments, just transfers to the other accounts.

My bills current account doesn't qualify because it's funded from the salary current account rather than an external source.

Zanderman

Sandydog said:

I've been a loyal member for 36 years.  I don't qualify.  I gave up work to be a carer. I have more than £500 going in for 2 of the qualifying months BUT because some of that is from a person with a Nationwide account it doesn't count.  I get shopping for the person I care for and am paid back by them. If they happened to bank elsewhere I would get the £100. I don't see why I am being penalised for someone else also being a loyal Nationwide customer. I'd understand if I had just moved the money around my own accounts. It's been my only current account for 36 years and all my income went into it for that whole time. 

Well you haven't really been 'penalised'. You just don't fulfill the criteria. They have to draw a line somewhere, you're just on the wrong side of this one. 

We (me and Mrs Z) don't fulfill the criteria either (we can tick the current account requirement box but not the savings account one) and we have used Nwide for decades too. 

But I'm not going to grumble, as I can't really miss something that I wasn't expecting. 

Section62

Sandydog said:

I've been a loyal member for 36 years.  I don't qualify.  I gave up work to be a carer. I have more than £500 going in for 2 of the qualifying months BUT because some of that is from a person with a Nationwide account it doesn't count.  I get shopping for the person I care for and am paid back by them. If they happened to bank elsewhere I would get the £100. I don't see why I am being penalised for someone else also being a loyal Nationwide customer. I'd understand if I had just moved the money around my own accounts. It's been my only current account for 36 years and all my income went into it for that whole time. 

Are you sure that is the reason why you didn't qualify?

It is possibly understandable they want to exclude money someone pays from their own Nationwide account into their current account, but to exclude a payment from an (unrelated) third-party who just happens to have a Nationwide current account seems grossly unfair.

You might want to query it with them.

Eldi_Dos

Becles said:

Becles said:

Does anyone know what happens if you have two current accounts? 

I'm freelance so I don't get a fixed salary and get random payments throughout the month. 

In current account one, income from working has been trickling in throughout May. On the last day of May, I'll transfer it into current account two which is where my June bill payments and spending comes out of. 

Nothing gets paid from current account one and current account two is only funded by the internal transfer. 

I do have savings with them too. 

I've not had any notifications or emails.

I've been a customer for over 30 years now so it would be frustrating to lose out because of the way I budget. 

My salary current account meets the income requirement but it doesn't have any outgoing bills payments, just transfers to the other accounts.

Why would they make that a cause to be ineligible for the payment, does not seem very fair.

ForumUser7

Eldi_Dos said:

Becles said:

Becles said:

Does anyone know what happens if you have two current accounts? 

I'm freelance so I don't get a fixed salary and get random payments throughout the month. 

In current account one, income from working has been trickling in throughout May. On the last day of May, I'll transfer it into current account two which is where my June bill payments and spending comes out of. 

Nothing gets paid from current account one and current account two is only funded by the internal transfer. 

I do have savings with them too. 

I've not had any notifications or emails.

I've been a customer for over 30 years now so it would be frustrating to lose out because of the way I budget. 

My salary current account meets the income requirement but it doesn't have any outgoing bills payments, just transfers to the other accounts.

Why would they make that a cause to be ineligible for the payment, does not seem very fair.

AFAICT, payments into nationwide current accounts from nationwide accounts are not included: In two of the three months of January 2023, February 2023 and March 2023, you must have received at least £500 into your current account. Transfers in from other Nationwide accounts do not count.

But, in terms of the payments out requirement, I cannot see anywhere stated in the ts and cs that transfers out of nationwide current accounts to other nationwide accounts would not count.