Nationwide's 'Fairer Share' £100 payment for eligible members

refluxer

Nationwide has announced that it will pay out a total of £340million to eligible members, with its new 'Fairer Share' offer.

From https://www.nationwide.co.uk/about-us/fairer-share/

Who is eligible for the Nationwide Fairer Share Payment?

Members will need a qualifying current account plus either qualifying savings or a qualifying mortgage. And they would have needed to meet this criteria when we last checked on 31 March 2023.

According to thisismoney.co.uk, to get the £100 payment, these are the criteria:

• Current account: To be a qualifying current account, your account must have been open on 31 March 2023. Qualifying members must still have a current account in June. 

• Savings: You will have had qualifying savings if you had at least £100 in total in one or more personal savings accounts or cash ISAs with Nationwide at the end of any day in March 2023. 

• Mortgage: To be a qualifying mortgage, you must owe us at least £100 on your Nationwide residential mortgage on 31 March 2023. 

TiVo_Lad

Their definition of "fair" is ludicrous. It doesn't reward loyalty, rather rewarding people in the right place at the right time. I've been a Nationwide Member since 1981, had savings and mortgages and had a FlexAccount since launch, but I'll be getting nowt.

Bridlington1

Already been mentioned by @ForumUser7 in another thread.
https://forums.moneysavingexpert.com/discussion/comment/80059904#Comment_80059904

hallmark

Does the popup appear if you login to the app? (or is it shown anywhere in the app?)

refluxer

Bridlington1 said:

Already been mentioned by @ForumUser7 in another thread.
https://forums.moneysavingexpert.com/discussion/comment/80059904#Comment_80059904

That's in a different forum - one that many savers here won't have necessarily read. I personally don't visit that forum so wasn't aware it had been posted there.

ForumUser7

hallmark said:

Does the popup appear if you login to the app? (or is it shown anywhere in the app?)

It did show in my app - people have been discussing where they got the notification in my thread - https://forums.moneysavingexpert.com/discussion/6447386/100-payment-nationwide-fairer-share#latest

refluxer

TiVo_Lad said:

Their definition of "fair" is ludicrous. It doesn't reward loyalty, rather rewarding people in the right place at the right time. I've been a Nationwide Member since 1981, had savings and mortgages and had a FlexAccount since launch, but I'll be getting nowt.

Based on those headline criteria statements above, I'd presumed I'd be eligible but, according to Nationwide's own eligibility checker, it would appear there's a bit more to it than simply holding the current account...

Between 1 January and 31 March 2023, did you pay in a minimum of £500 for at least 2 of the months? Transfers in from other Nationwide accounts do not count.

On that basis, despite holding many different accounts with them for both myself (including a current account, regular savers, ISAs etc) and my kids for at least a decade or so, I don't qualify. 

Like you, I'm not impressed.

t1redmonkey

Darn thought I was eligible for a sec, read it as you only need to meet one of those 3 criteria to qualify.  But no current account with them so I guess I'm out.

SJMALBA

I'm surprised that they didn't specify that you had to be born under a certain star sign, on a Tuesday, between the hours of 12:00  and 18:00...! 

  

refluxer

t1redmonkey said:

Darn thought I was eligible for a sec, read it as you only need to meet one of those 3 criteria to qualify.  But no current account with them so I guess I'm out.

TBH, I only seem to remember opening a current account with them many years ago because it was required to open their (higher interest) eSavings Plus online bank account at the time. It's really disappointing to see that it doesn't qualify for this reward though because, despite me not using it for salary or paying bills, it has had regular use over the years and I even made use of it for the recent supermarket cashback promotion, but just fell short of the '£500 for two months' requirement.

Beddie

It's for their proper customers who use them for their main banking. It's not for the vultures who try to grab what they can and run. Like us...