Big Nationwide Thank You

artyboy

WillPS said:

subjecttocontract said:

Well let's face it......the fairer share payout wasn't fair for some people. There were lots of Nationwide members who didn't qualify. This payout goes some way towards making amends.

I didn't qualify for any of the medals at the Olympics last year - doesn't mean they weren't fair tho.

Yes but if you are really going to try that rather tenuous analogy, it would suggest that you at least competed in the events...

Section62

artyboy said:

WillPS said:

subjecttocontract said:

Well let's face it......the fairer share payout wasn't fair for some people. There were lots of Nationwide members who didn't qualify. This payout goes some way towards making amends.

I didn't qualify for any of the medals at the Olympics last year - doesn't mean they weren't fair tho.

Yes but if you are really going to try that rather tenuous analogy, it would suggest that you at least competed in the events...

Moreover the rules and requirements for how to win an Olympic medal are published and transparent so everyone, regardless of ability, knows in advance what they would have to do to win one.

The organisers don't arbitrarily pick 1 in 10 spectators out of the crowd and hang medals round their necks, claiming that as 'fairer' than how other sporting competitions are run. (expanding on the tenuous analogy)

WillPS

artyboy said:

WillPS said:

subjecttocontract said:

Well let's face it......the fairer share payout wasn't fair for some people. There were lots of Nationwide members who didn't qualify. This payout goes some way towards making amends.

I didn't qualify for any of the medals at the Olympics last year - doesn't mean they weren't fair tho.

Yes but if you are really going to try that rather tenuous analogy, it would suggest that you at least competed in the events...

Does it? Plenty of those crying unfair were doing so on the basis of products they held with the Building Society long before the previous financial year.

There's a somewhat legitimate criticism that the first time around there was no way of knowing Fairer Share was happening. That argument rather fades with each passing year though.

Kim_13

WillPS said:

artyboy said:

WillPS said:

subjecttocontract said:

Well let's face it......the fairer share payout wasn't fair for some people. There were lots of Nationwide members who didn't qualify. This payout goes some way towards making amends.

I didn't qualify for any of the medals at the Olympics last year - doesn't mean they weren't fair tho.

Yes but if you are really going to try that rather tenuous analogy, it would suggest that you at least competed in the events...

Does it? Plenty of those crying unfair were doing so on the basis of products they held with the Building Society long before the previous financial year.

There's a somewhat legitimate criticism that the first time around there was no way of knowing Fairer Share was happening. That argument rather fades with each passing year though.

There was one poster for whom I felt the first was unfair - they had several accounts with Nationwide for budgeting purposes, and had met the funding criteria when they were combined. As the criteria were not met on a single account, they missed out - despite obviously being a loyal customer.

slinger2

The criteria for the current £50 "thank you" are very relaxed:

"You must have been a Nationwide member on 30 September 2024. And still be a member when we come to make the payment.

In the 12 months to the end of September 2024, members must also have:

• had at least one qualifying transaction on your Nationwide current account or savings account, or
• had at least £100 in total in one or more of your Nationwide current accounts and savings accounts, or
• owed at least £100 in total on one or more Nationwide residential mortgages."

So there needs to have been 1 "transaction" in any of your current/savings accounts in a whole year. Even if there are no transactions you still qualify if you had £100 in total in all your current/savings accounts at any time during that year.

There are other ways you can be excluded, eg your don't live in the UK.

WillPS

Section62 said:

artyboy said:

WillPS said:

subjecttocontract said:

Well let's face it......the fairer share payout wasn't fair for some people. There were lots of Nationwide members who didn't qualify. This payout goes some way towards making amends.

I didn't qualify for any of the medals at the Olympics last year - doesn't mean they weren't fair tho.

Yes but if you are really going to try that rather tenuous analogy, it would suggest that you at least competed in the events...

Moreover the rules and requirements for how to win an Olympic medal are published and transparent so everyone, regardless of ability, knows in advance what they would have to do to win one.

The organisers don't arbitrarily pick 1 in 10 spectators out of the crowd and hang medals round their necks, claiming that as 'fairer' than how other sporting competitions are run. (expanding on the tenuous analogy)

The qualifying criteria is anything but transparent though, and depends entirely on how good the athlete is relative to other athletes nationally and/or internationally. Like Nationwide these are not hard criteria and previous lines are all there is to go on, but also they're just a guide.

Both are fair; even if one excludes me even though I swear I can throw a big stick really far and the other doesn't reward me even though I've loyally saved loadsamoney with them.

lon_don

mightbedave said:

Anyone know if under 18s with a FlexOne account are eligible? I can't find anything to say they are not but sometimes these things exclude kids. 

My son's FlexOne, opened in Sep 24 (for use+for Fairer Share), got the £50.

Sea_Shell

slinger2 said:

The criteria for the current £50 "thank you" are very relaxed:

"You must have been a Nationwide member on 30 September 2024. And still be a member when we come to make the payment.

In the 12 months to the end of September 2024, members must also have:

• had at least one qualifying transaction on your Nationwide current account or savings account, or
• had at least £100 in total in one or more of your Nationwide current accounts and savings accounts, or
• owed at least £100 in total on one or more Nationwide residential mortgages."

So there needs to have been 1 "transaction" in any of your current/savings accounts in a whole year. Even if there are no transactions you still qualify if you had £100 in total in all your current/savings accounts at any time during that year.

There are other ways you can be excluded, eg your don't live in the UK.

Hmmm

What's the betting that this freebie won't actually be payable to many who've received the email.

I don't qualify on that criteria, but have received the email.    (Unless I've had a random penny of interest added)

Shame, you'd think technology could weed out those that don't qualify, rather than get people's hopes up.

flaneurs_lobster

Sea_Shell said:

slinger2 said:

The criteria for the current £50 "thank you" are very relaxed:

"You must have been a Nationwide member on 30 September 2024. And still be a member when we come to make the payment.

In the 12 months to the end of September 2024, members must also have:

• had at least one qualifying transaction on your Nationwide current account or savings account, or
• had at least £100 in total in one or more of your Nationwide current accounts and savings accounts, or
• owed at least £100 in total on one or more Nationwide residential mortgages."

So there needs to have been 1 "transaction" in any of your current/savings accounts in a whole year. Even if there are no transactions you still qualify if you had £100 in total in all your current/savings accounts at any time during that year.

There are other ways you can be excluded, eg your don't live in the UK.

Hmmm

What's the betting that this freebie won't actually be payable to many who've received the email.

I don't qualify on that criteria, but have received the email.    (Unless I've had a random penny of interest added)

Shame, you'd think technology could weed out those that don't qualify, rather than get people's hopes up.

Unless I've received a different letter to you (it does reference my receipt of last year's Fairer Share payment) then I read the letter to say that I will be receiving the £50, not that I'm being assessed for it.

To say thank you, we are pleased to be sending you, and over 12 million of our Nationwide members, a one-off payment of £50 as part of The Big Nationwide Thank You.

Kim_13

Sea_Shell said:

slinger2 said:

The criteria for the current £50 "thank you" are very relaxed:

"You must have been a Nationwide member on 30 September 2024. And still be a member when we come to make the payment.

In the 12 months to the end of September 2024, members must also have:

• had at least one qualifying transaction on your Nationwide current account or savings account, or
• had at least £100 in total in one or more of your Nationwide current accounts and savings accounts, or
• owed at least £100 in total on one or more Nationwide residential mortgages."

So there needs to have been 1 "transaction" in any of your current/savings accounts in a whole year. Even if there are no transactions you still qualify if you had £100 in total in all your current/savings accounts at any time during that year.

There are other ways you can be excluded, eg your don't live in the UK.

Hmmm

What's the betting that this freebie won't actually be payable to many who've received the email.

I don't qualify on that criteria, but have received the email.    (Unless I've had a random penny of interest added)

Shame, you'd think technology could weed out those that don't qualify, rather than get people's hopes up.

I seem recall an interest payment being listed an exclusion - but an ISA from many tax years ago having at least £100 in it would qualify, as the balance means no eligible transactions are needed.