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Nationwide Fairer Share Payment 2024

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  • jameseonline
    jameseonline Posts: 1,093 Forumite
    1,000 Posts First Anniversary Name Dropper
    aceandy79 said:
    Looks like I'm going to miss out again. Despite having approx 15k invested in Future Saver accounts, ie: using it as a building society. It seems in contrast to their original remit, Nationwide are now only interested in current account customers conducting regular transactions.
    So get an current account with nationwide and actively use it, then you'll probably qualify for £100 next year, was the same for last year's payment so nothing has changed
  • aceandy79
    aceandy79 Posts: 11 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    aceandy79 said:
    Looks like I'm going to miss out again. Despite having approx 15k invested in Future Saver accounts, ie: using it as a building society. It seems in contrast to their original remit, Nationwide are now only interested in current account customers conducting regular transactions.
    So get an current account with nationwide and actively use it, then you'll probably qualify for £100 next year, was the same for last year's payment so nothing has changed
    Yes I imagine you're right and that these would be the likely steps needed in order to be eligible. I was trying though to make a general point about why a supposed building society does not class savers as worthy members
  • RosieRooBear
    RosieRooBear Posts: 169 Forumite
    100 Posts Second Anniversary Name Dropper

    So get an current account with nationwide and actively use it, then you'll probably qualify for £100 next year, was the same for last year's payment so nothing has changed
    I did exactly that, didn’t qualify last year even though I had a current account and a couple of regular savings accounts. I made sure I used the current account this year especially through January to March and this year I qualified 
  • MX5huggy
    MX5huggy Posts: 7,167 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You would think holding a mortgage with them for near on ten years would qualify, but no of course not. 
    You would but we found out last year it didn’t, so I have become a “valued member” by opening a Flexplus account, £200 switching reward thanks NW, which is good value as I’m not now ever in need of travel insurance using a regular saver with 8% and considering using the savings bond for the cash I’m holding to pay off a Virgin Money (oh the irony) 0% credit card when the balance becomes due. 
  • hilsea
    hilsea Posts: 13 Forumite
    Tenth Anniversary First Post Combo Breaker
    Looks like i have missed out. I have met all the criteria except that i did not make 2 payments in feb and march. I did think this morning when i read martins announcement, that i would qualify because he said if you had made 10 payments in this period that would qualify.. Not sure where that came from because when i went on the website to check using the checker, there was no option or mention of the 10 payment rule...
  • eskbanker
    eskbanker Posts: 37,332 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    hilsea said:
    Looks like i have missed out. I have met all the criteria except that i did not make 2 payments in feb and march. I did think this morning when i read martins announcement, that i would qualify because he said if you had made 10 payments in this period that would qualify.. Not sure where that came from because when i went on the website to check using the checker, there was no option or mention of the 10 payment rule...
    FlexAccount, FlexDirect or FlexBasic

    You need to have met one of the following requirements:

    EITHER

    • In two of the three months of January 2024, February 2024 and March 2024, you must:
      • have received at least £500 into your current account (transfers in from other Nationwide accounts do not count), and
      • have made at least two payments out of your current account.

    OR

    • In two of the three months of January 2024, February 2024 and March 2024, you must have made at least 10 payments out of your current account.
    https://www.nationwide.co.uk/about-us/fairer-share/terms-and-conditions/
  • Just checked my App and I am again eligible. Very glad I joined Nationwide last year, am trying to persuade my sister to at least open an account this time, swap her TSB account now she has two DD's in it.
    Paddle No 21:wave:
  • dlevene
    dlevene Posts: 346 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Caught out by the account activity criteria, but to be honest it's fair enough, I just opened it for the switch offer and to open the RS. Will try and remember for next year but don't begrudge them, even though I have a mortgage and a decent chunk of savings with them.

    Might finagle things to get the £200 switch bonus though...
  • HHUK
    HHUK Posts: 249 Forumite
    Part of the Furniture 100 Posts Savvy Shopper! Photogenic
    I'm excluded from the CASS through having had one since that date in 2021.
    I opened my FlexDirect account in early August 2021 and received the £125 switch bonus the following month. It looks like I probably applied for the switch after the cut off date, but I'm tempted to switch a burner Chase account (complete with two active DDs) and see what happens.
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