Make sure you get possible Nationwide Fairer Share bonus 2025

soulsaver

becksxxx said:

So....a bit late to the party.....am I going to get this? 
I just applied for a current account this morning and the switch will complete on the 26th of March (not sure what happened to the 7 day switch).
I will open a savings account also and deposit £200.....does this need to be in for any particular length of time?

Maybe......

WillPS

becksxxx said:

So....a bit late to the party.....am I going to get this? 
I just applied for a current account this morning and the switch will complete on the 26th of March (not sure what happened to the 7 day switch).
I will open a savings account also and deposit £200.....does this need to be in for any particular length of time?

By the terms of previous years, a CASS covers off the requirement for the Current Account, and £100 in any savings account 'at the end of any day' in March was sufficient.

Whether or not that's enough this year is yet to be confirmed.

Last year's terms: https://www.nationwide.co.uk/about-us/fairer-share/terms-and-conditions/#1-are-you-eligible-to-receive-the-payment

MrsShazbat

My NW account is the main one that my salary goes into, and most of my bills go out of, and I qualified on the back of that last year and by opening a savings account and chucking £100 in it *just* in time (I think it was by 31th March and I realised on 30th that I hadn't put quite enough in).  Did the same for my mum (I'm jointly named on her account for the future), set her savings account up... and didn't put the £100 in so she missed out.  Ooops.  She'll be fine this year though if it happens

In general terms of adding a specific sum of money to an account for the purposes of qualifying, i.e., £500 as people keep mentioning, how long does it have to stay in the account to 'register' before you switch it back out?  I've got a different account switch/setup going on where this is a condition (it's a Quidco cashback condition, not the bank account itself - good job I spotted it in time!) but I'm unclear on how long to leave it before moving it back to my savings (different bank) till the next qualifying month.  TIA.

WillPS

MrsShazbat said:

My NW account is the main one that my salary goes into, and most of my bills go out of, and I qualified on the back of that last year and by opening a savings account and chucking £100 in it *just* in time (I think it was by 31th March and I realised on 30th that I hadn't put quite enough in).  Did the same for my mum (I'm jointly named on her account for the future), set her savings account up... and didn't put the £100 in so she missed out.  Ooops.  She'll be fine this year though if it happens

In general terms of adding a specific sum of money to an account for the purposes of qualifying, i.e., £500 as people keep mentioning, how long does it have to stay in the account to 'register' before you switch it back out?  I've got a different account switch/setup going on where this is a condition (it's a Quidco cashback condition, not the bank account itself - good job I spotted it in time!) but I'm unclear on how long to leave it before moving it back to my savings (different bank) till the next qualifying month.  TIA.

Again - we only have previous terms to go by - but none of them stipulated the balance of current accounts had to hit a certain level at all; just a certain number of transactions (for some accounts). In and out is absolutely fine based on that.

For the savings accounts you need to make sure the balance is £100 at the end of at least one day in March, presuming the terms are static.

MrsShazbat

WillPS said:

MrsShazbat said:

My NW account is the main one that my salary goes into, and most of my bills go out of, and I qualified on the back of that last year and by opening a savings account and chucking £100 in it *just* in time (I think it was by 31th March and I realised on 30th that I hadn't put quite enough in).  Did the same for my mum (I'm jointly named on her account for the future), set her savings account up... and didn't put the £100 in so she missed out.  Ooops.  She'll be fine this year though if it happens

In general terms of adding a specific sum of money to an account for the purposes of qualifying, i.e., £500 as people keep mentioning, how long does it have to stay in the account to 'register' before you switch it back out?  I've got a different account switch/setup going on where this is a condition (it's a Quidco cashback condition, not the bank account itself - good job I spotted it in time!) but I'm unclear on how long to leave it before moving it back to my savings (different bank) till the next qualifying month.  TIA.

Again - we only have previous terms to go by - but none of them stipulated the balance of current accounts had to hit a certain level at all; just a certain number of transactions (for some accounts). In and out is absolutely fine based on that.

For the savings accounts you need to make sure the balance is £100 at the end of at least one day in March, presuming the terms are static.

Thanks.  Yeh sorry my second question/bit wasn't in relation to NW, it was just in general how long does the money have to be in an account (any) to register as 'there' before you move it out again.  If you're doing the in/out switcheroo.

WillPS

MrsShazbat said:

WillPS said:

MrsShazbat said:

My NW account is the main one that my salary goes into, and most of my bills go out of, and I qualified on the back of that last year and by opening a savings account and chucking £100 in it *just* in time (I think it was by 31th March and I realised on 30th that I hadn't put quite enough in).  Did the same for my mum (I'm jointly named on her account for the future), set her savings account up... and didn't put the £100 in so she missed out.  Ooops.  She'll be fine this year though if it happens

In general terms of adding a specific sum of money to an account for the purposes of qualifying, i.e., £500 as people keep mentioning, how long does it have to stay in the account to 'register' before you switch it back out?  I've got a different account switch/setup going on where this is a condition (it's a Quidco cashback condition, not the bank account itself - good job I spotted it in time!) but I'm unclear on how long to leave it before moving it back to my savings (different bank) till the next qualifying month.  TIA.

Again - we only have previous terms to go by - but none of them stipulated the balance of current accounts had to hit a certain level at all; just a certain number of transactions (for some accounts). In and out is absolutely fine based on that.

For the savings accounts you need to make sure the balance is £100 at the end of at least one day in March, presuming the terms are static.

Thanks.  Yeh sorry my second question/bit wasn't in relation to NW, it was just in general how long does the money have to be in an account (any) to register as 'there' before you move it out again.  If you're doing the in/out switcheroo.

There's not really a single answer to that question, it's very context and provider specific; in general as soon as the money is showing in your account you are free to move it somewhere else but whether or not you're meeting some arbitrary deposit for an offer or whatnot is another matter.

TayRep

I have had a mortgage with nationwide since November 2024. I don’t have a current account with them. Mortgages are mentioned but not in all the criteria. Am I eligible? 

PRAISETHESUN

TayRep said:

I have had a mortgage with nationwide since November 2024. I don’t have a current account with them. Mortgages are mentioned but not in all the criteria. Am I eligible? 

1. Are you eligible to receive the payment?

To be eligible, you must have one of the following product combinations:

• A qualifying current account and qualifying savings
• A qualifying current account and a qualifying mortgage.

Either case requires holding a current account, and meeting the criteria for it.

Bob2000

I was wondering if l should carry on with the conditions that could make me eligible for the faired share payment into April and May?
Anybody else doing it.
It's cash that will be spent  or moved around anyway.

WillPS

Bob2000 said:

I was wondering if l should carry on with the conditions that could make me eligible for the faired share payment into April and May?
Anybody else doing it.
It's cash that will be spent  or moved around anyway.

No harm but unlikely to make any difference. The reward will be announced when the annual report is released in May, their financial year ends in March.