Nationwide fairer share £100 payout

WillPS

Zanderman said:

torchie said:

I am surprised (and pleased) that my £100 payments have arrived. What is puzzling is that my wife and I each have a couple of dormant current accounts that we keep as burner accounts if needed and all the accounts have received the £100!

You mean that the £100 went (once) into your individual dormant accounts? A total of £100 each? Or that you got multiple payments?!

Mrs Z-man and I qualified via our joint FlexPlus account. I have, in addition to that, a dormant FlexAccount. Mrs Z-man doesn't have another Nwide account.

This morning my £100 has appeared in my FlexAccount. A second £100, presumably hers, went into our joint account. The implication being that, for some reason that makes sense only to Nwide, they're not paying the £100 into the qualifying account if there's an alternative. Odd. But only one £100 each, so not that odd!

They made pretty clear that they'll only pay your Fairer Share in to your joint current account if you don't have a sole current account.

https://www.nationwide.co.uk/about-us/fairer-share/terms-and-conditions/#8-when-and-how-will-the-payment-be-made

8. When and how will the payment be made?

...

We will pay the money into your Nationwide current account. If you hold more than one current account with us, we may pay the money into any of those accounts. We will pay the money into an account in your sole name if you have one and will pay it into a joint account if you do not.

Zanderman

WillPS said:

Zanderman said:

torchie said:

I am surprised (and pleased) that my £100 payments have arrived. What is puzzling is that my wife and I each have a couple of dormant current accounts that we keep as burner accounts if needed and all the accounts have received the £100!

You mean that the £100 went (once) into your individual dormant accounts? A total of £100 each? Or that you got multiple payments?!

Mrs Z-man and I qualified via our joint FlexPlus account. I have, in addition to that, a dormant FlexAccount. Mrs Z-man doesn't have another Nwide account.

This morning my £100 has appeared in my FlexAccount. A second £100, presumably hers, went into our joint account. The implication being that, for some reason that makes sense only to Nwide, they're not paying the £100 into the qualifying account if there's an alternative. Odd. But only one £100 each, so not that odd!

They made pretty clear that they'll only pay your Fairer Share in to your joint current account if you don't have a sole current account.

https://www.nationwide.co.uk/about-us/fairer-share/terms-and-conditions/#8-when-and-how-will-the-payment-be-made

8. When and how will the payment be made?

...

We will pay the money into your Nationwide current account. If you hold more than one current account with us, we may pay the money into any of those accounts. We will pay the money into an account in your sole name if you have one and will pay it into a joint account if you do not.

Fair enough, though doesn't really alter my statement that it's for some reason that only makes sense to Nationwide! Why not pay the money into the qualifying account? There's no obvious logic to not doing that.

Superhoopza

Was it people only with current accounts who were paid it?

WillPS

Zanderman said:

WillPS said:

Zanderman said:

torchie said:

I am surprised (and pleased) that my £100 payments have arrived. What is puzzling is that my wife and I each have a couple of dormant current accounts that we keep as burner accounts if needed and all the accounts have received the £100!

You mean that the £100 went (once) into your individual dormant accounts? A total of £100 each? Or that you got multiple payments?!

Mrs Z-man and I qualified via our joint FlexPlus account. I have, in addition to that, a dormant FlexAccount. Mrs Z-man doesn't have another Nwide account.

This morning my £100 has appeared in my FlexAccount. A second £100, presumably hers, went into our joint account. The implication being that, for some reason that makes sense only to Nwide, they're not paying the £100 into the qualifying account if there's an alternative. Odd. But only one £100 each, so not that odd!

They made pretty clear that they'll only pay your Fairer Share in to your joint current account if you don't have a sole current account.

https://www.nationwide.co.uk/about-us/fairer-share/terms-and-conditions/#8-when-and-how-will-the-payment-be-made

8. When and how will the payment be made?

...

We will pay the money into your Nationwide current account. If you hold more than one current account with us, we may pay the money into any of those accounts. We will pay the money into an account in your sole name if you have one and will pay it into a joint account if you do not.

Fair enough, though doesn't really alter my statement that it's for some reason that only makes sense to Nationwide! Why not pay the money into the qualifying account? There's no obvious logic to not doing that.

Because it's a payment for the member, not the account. It makes perfect sense (to me, anyway) to try and pay in to a sole account to make that distinction clear, where possible.

WillPS

Superhoopza said:

Was it people only with current accounts who were paid it?

Yes, members weren't eligible if they didn't hold a current account when eligibility was checked (in Jan-Mar) and payment will only be made if the member holds a current account when it happens (today, it seems).

Veteransaver

Superhoopza said:

Was it people only with current accounts who were paid it?

Think it needed to be a current account that had had activity in 3 months before end of march, plus either a mortgage or savings product with more than £100 in it.

sparky0138

torchie said:

We have received one payment into our joint current account and one payment into each of our dormant/burner accounts (two are mine and one is my wife’s), so this morning we are £400 up!

If they're dormant, does that mean you didn't meet the criteria on them (i.e. £500 paid in and 2 payments paid out over two months) but still got the payment? Sounds like Nationwide might have made a bit of a boo-boo.

I should qualify for the payment if they do it again next year. Might open a couple more accounts. 😁

Sarahspangles

Sarahspangles said:

First of two has landed

Second is in now (joint account)

WillPS

Veteransaver said:

Superhoopza said:

Was it people only with current accounts who were paid it?

Think it needed to be a current account that had had activity in 3 months before end of march, plus either a mortgage or savings product with more than £100 in it.

The eligibility requirements varied by account, and in the case of all but FlexPlus could be overridden by switching in during Jan-Mar.

https://www.nationwide.co.uk/about-us/fairer-share/terms-and-conditions/#2-what-is-a-qualifying-current-account

Sarahspangles

Just a note that another family member was caught out this year as their savings account was deemed to be dormant - although they had the required balance. I haven’t had time to look to see if this is worth disputing.