Make sure you get possible Nationwide Fairer Share bonus 2025

PainInTheNeck

I had presumed that a transfer to say revolut/wise wouldn't count as a payment out as it's a bank transfer... But I take it that's a wrong assumption?

PRAISETHESUN

PainInTheNeck said:

I had presumed that a transfer to say revolut/wise wouldn't count as a payment out as it's a bank transfer... But I take it that's a wrong assumption?

Bank transfers have been okay in the past. I qualified last year by bouncing money back and forth between Nationwide and my main bank by standing order.

meishka

Silly question but does a Fixed Savings Bond count as a personal savings plan?

wiseonesomeofthetime

meishka said:

Silly question but does a Fixed Savings Bond count as a personal savings plan?

Plan?

A fixed term savings account is a savings account, if that's what you mean.

CSH1

I'm doing the same as last year which seemed to work, paying in £500 in Jan/Feb/March from my main bank account, then used that £500 to pay towards 2 credit cards, payment made by debit card. I have a couple of savings accounts anyway.  I missed out the first year but got it last year. Though I think you only need pay in for two months but I'm being on the safe side

Bigwheels1111

I have a reg saver, made 10 purchases, moved 1k in and payed it back out in 4 goes, £400, £300, £200, £100.

I've set up another dummy account just in case they offer the £200 swap again.

FLAMPARD

Bigwheels1111 said:

I've set up another dummy account just in case they offer the £200 swap again.

What are you referring to with the £200 swap ?

Bigwheels1111

FLAMPARD said:

Bigwheels1111 said:

I've set up another dummy account just in case they offer the £200 swap again.

What are you referring to with the £200 swap ?

Last year if you moved an account over to Nationwide, they closed the old one and gave you £200.

I had a starling account for making payments abroad, due to no fees, but my bank does not charge now.

So let them close it, that way no credit check was done.

As was not opening a new account.

keiran

Just wondering... If you have 2 N/Wide accs and pay in £500/month into one, and do the required spending requirement on the other acc, would that qualify?

friolento

keiran said:

Just wondering... If you have 2 N/Wide accs and pay in £500/month into one, and do the required spending requirement on the other acc, would that qualify?

Who knows, everything at this stage is pure speculation.

Having said this, I doubt they'd insist that payments in and out must use the same account. If payments in/out will even be a qualification criterion.