Nationwide "Fairer share payment" announced?.

Middle_of_the_Road

This was published yesterday.

https://www.edinburghlive.co.uk/news/uk-world-news/nationwide-confirms-accounts-eligible-100-30542150

eskbanker

Sounds like the announcement from earlier this year rather than the 2025 edition?

Either in two of the three months of January, February and March 2024 you received at least £500 in your current account or made at least two payments out of your current account. Or, in two of those three months you have made at least 10 payments out of the account.

Nationwide says you will have had qualifying savings if you had at least £100 in total in one or more personal savings accounts or cash ISAs with Nationwide at the end of any day in March 2024.

jim1999

I've noticed a lot of local papers printing nonsense articles about Nationwide so that they can create a clickbait headline for social media that says "Nationwide dropping £100 into customer accounts" and the like

WillPS

Recycled news, unfortunately. Look for confirmation from the society themselves, not a local rag.

If the pattern follows last years there'll be hints dropped around February that something will happen and then an announcement in the spring. If the criteria are tightening then perhaps they'll tell us more when there's still time to do something about it.

Middle_of_the_Road

WillPS said:

Recycled news, unfortunately. Look for confirmation from the society themselves, not a local rag.

If the pattern follows last years there'll be hints dropped around February that something will happen and then an announcement in the spring. If the criteria are tightening then perhaps they'll tell us more when there's still time to do something about it.

Sorry for jumping the gun folks. Thread title edited.

eskbanker

WillPS said:

Recycled news, unfortunately. Look for confirmation from the society themselves, not a local rag.

If the pattern follows last years there'll be hints dropped around February that something will happen and then an announcement in the spring. If the criteria are tightening then perhaps they'll tell us more when there's still time to do something about it.

As mentioned in another recent thread about this, the hints have already started last month, albeit in a national rag that also isn't renowned for accuracy:

Crosbie said of the prospect of another ‘fairer share’ payment: ‘While it’s always subject to board approval, we’re well positioned to make that.’

[...]

And she did not rule out the prospect of a further one-off payment to reward customers after the takeover.

When asked by the Mail about such a move, Crosbie said: ‘We’re not ready to make those announcements.

‘But we’re really confident that this year we can do something that’s above and beyond what you would normally expect.’

https://www.thisismoney.co.uk/money/markets/article-14136451/Nationwide-members-set-payout-bonanza-amid-Virgin-Money-takeover-windfall.html

WillPS

I meant hints from the society, not a representative in a paper.

The signs are certainly good though.

steven141

Thanks for posting anyway. Edinburgh Live is always known for its accuracy they called it a “baking society” on the article

eskbanker

steven141 said:

Thanks for posting anyway. Edinburgh Live is always known for its accuracy they called it a “baking society” on the article

Are they accusing Nationwide of cooking the books?

jameseonline

I keep getting Google news notifications about Nationwide fair payment, Edinburgh Live etc are "local" sites yet all owned by Reach PLC yeah?

eskbanker

jameseonline said:

I keep getting Google news notifications about Nationwide fair payment, Edinburgh Live etc are "local" sites yet all owned by Reach PLC yeah?

Yes, Reach lives up to its name (and sometimes the 'Retch' version preferred by Private Eye) and permeates the industry:

With over 120 national and regional brands, across both print and online, Reach titles are trusted by communities throughout the UK and Ireland to deliver the latest news, entertainment and sport.

See below for just a selection of our leading brands, including Mirror, Express, Daily Record and Daily Star, to local brands like MyLondon, BelfastLive and the Manchester Evening News, Liverpool Echo, Irish Star, OK! magazine, WalesOnline, MyLondon and Curiously.

https://www.reachplc.com/about-us/our-brands