Nationwide Fairer Share Payment 2024

Nasqueron

To plan so I can look at doing this for next year (can't get a NW switch bonus so no point pushing that angle)

Have a FlexAccount - bounce in £500 a month for at least Jan-Mar though maybe longer to be safe
Have a Flex Regular Saver - assuming still offered and have at least £100 in it (terms this year say £100 by CoB on any day in March) 

Poquito

Ok guys, I’m gonna share my little opinion 😊. Personally I feel like the £100 FairShare was indeed fair. I have been current account holder for over 20 years… and although a standard FlexAccount offers no perks I keep it as it’s the account details I remember off by heart.Also have flex plus for insurances. DD’s are with Santander as at least you get something back. NBS savings rates are not great so I save elsewhere. But I do have a mortgage with them for over 12 years. Now last year I received the payment. This year I also qualified (tbh I thought it was a one off thing last year). My mortgage is not at the “qualifying” rate but they still gave me the bonus. In your opinions would you consider this unfair? 

Don’t get me wrong I am definitely a money saver and take advantage of switches etc and all of that, but my ‘main’ account is NBS. 

As I said I wasn’t expecting a bonus this year and next year if they do it, I won’t qualify on their current criteria. However I don’t and didn’t feel entitled to receive this from them, despite them being a mutual.  The argument that the criteria should have been published prior so everyone could get their ducks in a row doesn’t seem fair. It’s not like a switch bonus, in my opinion it’s trying to reward customers who stuck with them anyway, regardless of their not so great rates and lack of perks and upgrades (like transaction notifications)

WillPS

Poquito said:

Ok guys, I’m gonna share my little opinion 😊. Personally I feel like the £100 FairShare was indeed fair. I have been current account holder for over 20 years… and although a standard FlexAccount offers no perks I keep it as it’s the account details I remember off by heart.Also have flex plus for insurances. DD’s are with Santander as at least you get something back. NBS savings rates are not great so I save elsewhere. But I do have a mortgage with them for over 12 years. Now last year I received the payment. This year I also qualified (tbh I thought it was a one off thing last year). My mortgage is not at the “qualifying” rate but they still gave me the bonus. In your opinions would you consider this unfair? 

Don’t get me wrong I am definitely a money saver and take advantage of switches etc and all of that, but my ‘main’ account is NBS. 

As I said I wasn’t expecting a bonus this year and next year if they do it, I won’t qualify on their current criteria. However I don’t and didn’t feel entitled to receive this from them, despite them being a mutual.  The argument that the criteria should have been published prior so everyone could get their ducks in a row doesn’t seem fair. It’s not like a switch bonus, in my opinion it’s trying to reward customers who stuck with them anyway, regardless of their not so great rates and lack of perks and upgrades (like transaction notifications)

Probably worth sticking £100 in a savings account as a punt next March. 

steven141

GalacticaActual said:

Just had the confirmation letter through the post, using very high quality paper and envelope it must be said 😏

I got a letter about it but it was in a plain white envelope not like this. 

Zanderman

steven141 said:

GalacticaActual said:

Just had the confirmation letter through the post, using very high quality paper and envelope it must be said 😏

I got a letter about it but it was in a plain white envelope not like this. 

Mrs Z-man and I got one of each - the fancy looking one (me) and the plain white envelope one (her). Maybe they didn't order enough of one, or one is from the left-overs from old stationery and they're changing to the new one.

NB Both had (before anyone asks) the current branding/logo that some on here love to hate!

flaneurs_lobster

Zanderman said:

steven141 said:

GalacticaActual said:

Just had the confirmation letter through the post, using very high quality paper and envelope it must be said 😏

I got a letter about it but it was in a plain white envelope not like this. 

Mrs Z-man and I got one of each - the fancy looking one (me) and the plain white envelope one (her). Maybe they didn't order enough of one, or one is from the left-overs from old stationery and they're changing to the new one.

NB Both had (before anyone asks) the current branding/logo that some on here love to hate!

I'm sure I have everything I can set to "paperless please" and I don't receive paper statements for example. NW have already told me my happy news by both app push and email. I know they won't be paying "normal" postage for these letters but even so the cost (both financial and environmental) of sending out hardcopies seems wasteful. 

boingy

They could have paid out £103 if it wasn't for the cost of all those letters  ;p

steven141

boingy said:

They could have paid out £103 if it wasn't for the cost of all those letters  ;p

I have to say that I agree here, even the extra £3 to charity instead. I already received an email and that is enough for me. I understand if people have paper letters switched on. 

jameseonline

steven141 said:

boingy said:

They could have paid out £103 if it wasn't for the cost of all those letters  ;p

I have to say that I agree here, even the extra £3 to charity instead. I already received an email and that is enough for me. I understand if people have paper letters switched on. 

Maybe next year members that opt out of paper will get £3 bonus on top of the £100? 🤔😏

Or £97 to people who don't opt out of paper & £100 to those that do.

Give the people something else to complain about 😁

changearound1

Perhaps they'll send a letter to those that don't qualify for the £100 and charge them £3.