Nationwide Fairer Share Payment 2024

flaneurs_lobster

Middle_of_the_Road said:

Stargunner said:

Middle_of_the_Road said:

The only reason I got the payment was because l have a Flex Plus account for the cheap insurance package. I closed all  savings accounts and reg.savers, but was unable to close a fixed term account. 

I will have to wait until that matures before I can totally avoid dealing with this so called mutual society. 

A taxable payment of £100, for helping them them further their banking ambitions, is an affront to many long term members, who have put them where they are today. They have shown total disregard for the membership concerning the Virgin takeover, and I'm certainly not beholden to an annual kickback, whilst the board continues to line their pockets with obscene amounts of members money. 

I am perfectly happy with them . Cheap insurance, an 8% Regular Saver and now an 18 month fixed bond paying 5.5%  Plus a £100 gift coming my way. There is no pleasing some people.

They certainly know how to just do enough to maintain a servile membership.

I don't consider any of the benefits you cite are adequate recompense for their autocratic stance in disregarding their members. 

What amount of money would you consider to be an "adequate recompense"?

Middle_of_the_Road

flaneurs_lobster said:

Middle_of_the_Road said:

Stargunner said:

Middle_of_the_Road said:

The only reason I got the payment was because l have a Flex Plus account for the cheap insurance package. I closed all  savings accounts and reg.savers, but was unable to close a fixed term account. 

I will have to wait until that matures before I can totally avoid dealing with this so called mutual society. 

A taxable payment of £100, for helping them them further their banking ambitions, is an affront to many long term members, who have put them where they are today. They have shown total disregard for the membership concerning the Virgin takeover, and I'm certainly not beholden to an annual kickback, whilst the board continues to line their pockets with obscene amounts of members money. 

I am perfectly happy with them . Cheap insurance, an 8% Regular Saver and now an 18 month fixed bond paying 5.5%  Plus a £100 gift coming my way. There is no pleasing some people.

They certainly know how to just do enough to maintain a servile membership.

I don't consider any of the benefits you cite are adequate recompense for their autocratic stance in disregarding their members. 

What amount of money would you consider to be an "adequate recompense"?

There's no monetary figure, only rightful inclusion, as per the ethos of a mutual society. 

friolento

Middle_of_the_Road said:

Stargunner said:

Middle_of_the_Road said:

The only reason I got the payment was because l have a Flex Plus account for the cheap insurance package. I closed all  savings accounts and reg.savers, but was unable to close a fixed term account. 

I will have to wait until that matures before I can totally avoid dealing with this so called mutual society. 

A taxable payment of £100, for helping them them further their banking ambitions, is an affront to many long term members, who have put them where they are today. They have shown total disregard for the membership concerning the Virgin takeover, and I'm certainly not beholden to an annual kickback, whilst the board continues to line their pockets with obscene amounts of members money. 

I am perfectly happy with them . Cheap insurance, an 8% Regular Saver and now an 18 month fixed bond paying 5.5%  Plus a £100 gift coming my way. There is no pleasing some people.

They certainly know how to just do enough to maintain a servile membership.

I don't consider any of the benefits you cite are adequate recompense for their autocratic stance in disregarding their members. 

You are free to vote with your 🦶🦶

Marvel1

WillPS said:

Marvel1 said:

I'm not egilable, do payments to bookies online not count?

I have a mortgage with them.

I don't see why they wouldn't. Did you pay in £500/month? How many payments out did you make?

30 in March, all online bookies.

No pay ins to make £500, as it said:

1. Have received at least £500 into the account (excluding transfers in from other Nationwide accounts) and made at least two payments out of the account.

OR

2. Have made at least 10 payments from the account.

eskbanker

Marvel1 said:

WillPS said:

Marvel1 said:

I'm not egilable, do payments to bookies online not count?

I have a mortgage with them.

I don't see why they wouldn't. Did you pay in £500/month? How many payments out did you make?

30 in March, all online bookies.

No pay ins to make £500, as it said:

1. Have received at least £500 into the account (excluding transfers in from other Nationwide accounts) and made at least two payments out of the account.

OR

2. Have made at least 10 payments from the account.

Those conditions apply to two months out of three, so how many payments did you make in January and/or February?

ovusa1

No reward for long term members.  Been with Nationwide 51 years, had/have current accounts, savings accounts, credit cards and a couple of mortgages. In our case 'Fairer Share payment' is a big fat zero  !!!!

eskbanker

ovusa1 said:

No reward for long term members.  Been with Nationwide 51 years, had/have current accounts, savings accounts, credit cards and a couple of mortgages. In our case 'Fairer Share payment' is a big fat zero  !!!!

The criteria are clearly explained and relate to which products you currently have and how much use you make of them, not how long you've been a member....

ovusa1

eskbanker said:

ovusa1 said:

No reward for long term members.  Been with Nationwide 51 years, had/have current accounts, savings accounts, credit cards and a couple of mortgages. In our case 'Fairer Share payment' is a big fat zero  !!!!

The criteria are clearly explained and relate to which products you currently have and how much use you make of them, not how long you've been a member....

We currently have current accounts, savings accounts and credit cards.   Totally unaware of the Fairer Share scheme - Nationwide have never made us aware of the criteria.     Surely the interpretation of the term 'Fairer Share' should be to reward members fairly rather than a specific set of criteria.      

wiseonesomeofthetime

ovusa1 said:

eskbanker said:

ovusa1 said:

No reward for long term members.  Been with Nationwide 51 years, had/have current accounts, savings accounts, credit cards and a couple of mortgages. In our case 'Fairer Share payment' is a big fat zero  !!!!

The criteria are clearly explained and relate to which products you currently have and how much use you make of them, not how long you've been a member....

We currently have current accounts, savings accounts and credit cards.   Totally unaware of the Fairer Share scheme - Nationwide have never made us aware of the criteria.     Surely the interpretation of the term 'Fairer Share' should be to reward members fairly rather than a specific set of criteria.      

You say you have them, but are you using them?

Did you really miss all the furore over last year's reward?

eskbanker

ovusa1 said:

eskbanker said:

ovusa1 said:

No reward for long term members.  Been with Nationwide 51 years, had/have current accounts, savings accounts, credit cards and a couple of mortgages. In our case 'Fairer Share payment' is a big fat zero  !!!!

The criteria are clearly explained and relate to which products you currently have and how much use you make of them, not how long you've been a member....

We currently have current accounts, savings accounts and credit cards.   Totally unaware of the Fairer Share scheme - Nationwide have never made us aware of the criteria.     Surely the interpretation of the term 'Fairer Share' should be to reward members fairly rather than a specific set of criteria.      

Are you suggesting that there'd be something that would be completely fair in any objectively meaningful sense?  As mentioned in an earlier post, a £25 incentive for all members would be an alternative to £100 for the most committed quarter, but either could easily be argued as fair or unfair, as could any other permutation....