Nationwide Fairer Share

HillStreetBlues

WillPS said:

subjecttocontract said:

I do have £10K in a Nationwide 18 month bond until December & some money in a Flex Account but other than that I intend to do absolutely nothing to try to qualify. Prior year payouts were £100 and I reckon I can spend my time & effort achieving a similar return on other stuff. Good luck to those who want to try though.

Do let us know what might potentially earn you £100 for the time it takes to transfer £1000 in and then two payments of £500 out, twice!

I was wondering that!  Taking the time to post about not wanting to take time to make £100 seems counterintuitive to me.

anxiousnow

Have opened my 12 yo a savings account alongside FlexOne and added £100 and scheduled payments in and out of a non Nationwide account for the next few months... hoping that does it as well as us qualifying. 

dermotological

Hello - what is the eligibility situation for people who are:

• Virgin Money current account holders 
  AND
• Nationwide members care of a very old (but still active) savings account
  AND
• Do not have a Nationwide flex/current account

Is there any chatter that a Virgin Money current account will be deemed sufficient to merit being one of the "more equal" members that get a Fairer Share payment?

TheBanker

dermotological said:

Hello - what is the eligibility situation for people who are:

• Virgin Money current account holders 
  AND
• Nationwide members care of a very old (but still active) savings account
  AND
• Do not have a Nationwide flex/current account

Is there any chatter that a Virgin Money current account will be deemed sufficient to merit being one of the "more equal" members that get a Fairer Share payment?

I wouldn't have thought so, not for this year. Virgin Money customers don't become Nationwide members until 2 April (subject to court approval) - which is after the usual Fairer Share cut-off. 

It's always possible they'll do something for Virgin Money customers but I wouldn't pin my hopes on it. 

WillPS

dermotological said:

Hello - what is the eligibility situation for people who are:

• Virgin Money current account holders 
  AND
• Nationwide members care of a very old (but still active) savings account
  AND
• Do not have a Nationwide flex/current account

Is there any chatter that a Virgin Money current account will be deemed sufficient to merit being one of the "more equal" members that get a Fairer Share payment?

There are no details and there is no precedent for such a payout. If one takes place, then logically they'd want to see evidence of current account use (with varieties in definition between youth, adult and fee paying account) and at least £x in a separate savings account.

I wouldn't go to the effort of trying to jump through imagined hoops though - instead go down the well trodden path and open a Nationwide current account, stick £100 in a Nationwide flex regular saver and either transfer £1000 in and 2 £500s out in 2 of the first 3 months, or do a CASS by March. 

TheBanker said:

dermotological said:

Hello - what is the eligibility situation for people who are:

• Virgin Money current account holders 
  AND
• Nationwide members care of a very old (but still active) savings account
  AND
• Do not have a Nationwide flex/current account

Is there any chatter that a Virgin Money current account will be deemed sufficient to merit being one of the "more equal" members that get a Fairer Share payment?

I wouldn't have thought so, not for this year. Virgin Money customers don't become Nationwide members until 2 April (subject to court approval) - which is after the usual Fairer Share cut-off. 

It's always possible they'll do something for Virgin Money customers but I wouldn't pin my hopes on it. 

Notwithstanding what I said above, I do think they are planning to do something for VM customers - it'd be really weird to flag up "a share of Nationwide’s profits" as one of the key benefits of becoming a Nationwide member if Nationwide intended to exclude them from the bonus which will be announced within days of the transfer taking place!

SevenOfNine

danny13579 Had started a 'clean' thread, now this merged one is all over the place & 7 pages long! His new thread was VERY clear what the requirement had been in 2025, which MIGHT be the same for 2026, so a starting point for anyone wanting to TRY to qualify this year.

This thread is enough to give anyone a migraine!

Nasqueron

SevenOfNine said:

danny13579 Had started a 'clean' thread, now this merged one is all over the place & 7 pages long! His new thread was VERY clear what the requirement had been in 2025, which MIGHT be the same for 2026, so a starting point for anyone wanting to TRY to qualify this year.

This thread is enough to give anyone a migraine!

The conditions didn't change from 2024 either, they're very simple

Have a current account, pay in at least £500 a month and make 2 payments out for 2 out of 3 months (Jan-Feb) and have £100 or more in a savings account

I would do the above and maybe a bit more e.g. do it in all 3 months and have more than £100 in savings / pay more in just in case

Yes there are more combinations such as switches or paid accounts or mortgages but the above is all you need

harz99

SevenOfNine said:

danny13579 Had started a 'clean' thread, now this merged one is all over the place & 7 pages long! His new thread was VERY clear what the requirement had been in 2025, which MIGHT be the same for 2026, so a starting point for anyone wanting to TRY to qualify this year.

This thread is enough to give anyone a migraine!

I agree, the new thread should have been left as was, and if any action was needed the old thread should have been closed or archived, now the weekly MSE newsletter has jumped on the bandwagon as well... 

WillPS

Nasqueron said:

SevenOfNine said:

danny13579 Had started a 'clean' thread, now this merged one is all over the place & 7 pages long! His new thread was VERY clear what the requirement had been in 2025, which MIGHT be the same for 2026, so a starting point for anyone wanting to TRY to qualify this year.

This thread is enough to give anyone a migraine!

The conditions didn't change from 2024 either, they're very simple

Have a current account, pay in at least £500 a month and make 2 payments out for 2 out of 3 months (Jan-Feb) and have £100 or more in a savings account

I would do the above and maybe a bit more e.g. do it in all 3 months and have more than £100 in savings / pay more in just in case

Yes there are more combinations such as switches or paid accounts or mortgages but the above is all you need

They did change, but it was a broadening of the criteria - ISTR they added a way of qualifying by doing a certain number of transactions (possibly debit card only).

There was a more subtle change the previous year too - but everyone who qualified in 2023 would have qualified in 2024 and 2025 by hitting the same criteria they did in 2023.

j.p

I'm hoping this year Nationwide won't pay anybody anything.
Speculators, go play the stock market if you're so clever.
Instead of trying to milk overly generous & soft-touch Building Society.