Nationwide Fairer Share Payment 2024

Bazzalona13295

Dewpoint said:

jackjones01 said:

Nationwide’s Board will decide on whether we can make a payment for 2024. That will depend on how well we have performed financially. The Board will make that assessment – and confirm this year’s eligibility criteria - after the financial year ends in April.

Look out for an announcement on 23 May 2024. https://www.nationwide.co.uk/about-us/fairer-share/

Notified today: 23/5/24.

£100 coming to those eligible.

I've been a NW account holder since the mid-90's and always had great service from them. So I don't understand why people scramble for banking bribes and all the hassle it entails, when you can have the best of both worlds from Nationwide.😀👍

The banking bribes are what all the other current accounts are for 😉

WillPS

boingy said:

Dewpoint said:

. So I don't understand why people scramble for banking bribes and all the hassle it entails, 

Because switching earned me £2000 in 2023 with just a bit of time and no hassle at all. That's 20 years of Fairer Share payments and you can do the Fairer Share payments too. At least Nationwide seem to have kept the criteria the same this year. I half-expected them to tweak the rules just because they could.

...you can do both!

myth123

A reminder that the £100 FSP payment counts towards your PSA for tax purposes. It caught me out last year and tipped me over it.

WillPS

My notification is showing up now. £100 payment, thankee Nationwide!

It does seem like they're positioning this as less of a one off and more of an ongoing benefit to members now, not that there's anything which would force them to make future payments.

Marcoos

According to the app link, I'm eliglble! Didn't think I would be on the 'payments out' clause. But guess moving money in and out each month to get the interest on the current account must have counted!

Poquito

WillPS said:

My notification is showing up now. £100 payment, thankee Nationwide!

It does seem like they're positioning this as less of a one off and more of an ongoing benefit to members now, not that there's anything which would force them to make future payments.

Yes, I had assumed last year when I received the fairer share payment that it was a one off. To see the notification today that I was eligible again has made my day! Off to do the switch now to hopefully secure £200… it’s perfectly timed to switch out the recently paid out Santander Everyday account which has 2 dd’s. Happy days.

HonestJohn

WillPS said:

My notification is showing up now. £100 payment, thankee Nationwide!

It does seem like they're positioning this as less of a one off and more of an ongoing benefit to members now, not that there's anything which would force them to make future payments.

Me too. Happy days.

steven141

Poquito said:

WillPS said:

My notification is showing up now. £100 payment, thankee Nationwide!

It does seem like they're positioning this as less of a one off and more of an ongoing benefit to members now, not that there's anything which would force them to make future payments.

Yes, I had assumed last year when I received the fairer share payment that it was a one off. To see the notification today that I was eligible again has made my day! Off to do the switch now to hopefully secure £200… it’s perfectly timed to switch out the recently paid out Santander Everyday account which has 2 dd’s. Happy days.

If you are eligible for the £100 you aren’t eligible for the £200 payment apparently. 

PRAISETHESUN

steven141 said:

Poquito said:

WillPS said:

My notification is showing up now. £100 payment, thankee Nationwide!

It does seem like they're positioning this as less of a one off and more of an ongoing benefit to members now, not that there's anything which would force them to make future payments.

Yes, I had assumed last year when I received the fairer share payment that it was a one off. To see the notification today that I was eligible again has made my day! Off to do the switch now to hopefully secure £200… it’s perfectly timed to switch out the recently paid out Santander Everyday account which has 2 dd’s. Happy days.

If you are eligible for the £100 you aren’t eligible for the £200 payment apparently. 

Can you point to where about in the switch terms it says that? The only exclusion I see is from having had a previous switch incentive, not the FS payment

Bridlington1

steven141 said:

Poquito said:

WillPS said:

My notification is showing up now. £100 payment, thankee Nationwide!

It does seem like they're positioning this as less of a one off and more of an ongoing benefit to members now, not that there's anything which would force them to make future payments.

Yes, I had assumed last year when I received the fairer share payment that it was a one off. To see the notification today that I was eligible again has made my day! Off to do the switch now to hopefully secure £200… it’s perfectly timed to switch out the recently paid out Santander Everyday account which has 2 dd’s. Happy days.

If you are eligible for the £100 you aren’t eligible for the £200 payment apparently. 

Where is this in the terms of the switching offer? I can't see any reference to the Fairer Share payment in them.