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Original poster

Nationwide Fairer Share Payment

60 replies

noaxetogrind · 19/05/2023 17:46

I can't find anything on the Nationwide website relating specifically to the 11-17 year old Flex-One account. I am hoping that as it is called a current account it qualifies for the £100 payment, but it would be nice to know.

Does anyone know anything further please?

OP posts:
bookgirl1982 · 14/06/2023 18:43

Ours were paid yesterday. Mine to my sole account and my husbands to the joint account (he doesn't have a solo account). I think I read that they would pay to solo named accounts if possible and then joint accounts if that's the only option.

RoseDog · 14/06/2023 18:51

bookgirl1982 · 14/06/2023 18:43

Ours were paid yesterday. Mine to my sole account and my husbands to the joint account (he doesn't have a solo account). I think I read that they would pay to solo named accounts if possible and then joint accounts if that's the only option.

Ours went in the same way and I understood it same.

Intemperatefatty · 14/06/2023 18:52

Thanks everyone. That’s makes sense and clears up the mystery for me.

GasPanic · 14/06/2023 19:34

Whatevergetsyouthroughthenight · 19/05/2023 19:32

I think that they may have shots themselves in the foot with this one for many customers. I have a current account which I keep quite a high balance in for reasons I won’t go into as they’re not relevant, it earns no interest and I am now pissed off with Nationwide that I don’t qualify as I don’t also have a savings account. I may walk.

It's a massive publicity stunt.

Why not just pay it out in the form of lower interest rates on loans and higher ones on deposits ?

You know - like a normal bank would ?

julia09 · 14/06/2023 19:38

GasPanic · 14/06/2023 19:34

It's a massive publicity stunt.

Why not just pay it out in the form of lower interest rates on loans and higher ones on deposits ?

You know - like a normal bank would ?

Show quote history

Because Nationwide are a building society, not a bank?

InDreamland · 14/06/2023 20:01

I got it paid into my account yesterday. Much appreciated, every little helps these days.

TammyJones · 14/06/2023 20:10

My son got his.
I've got a flex account but haven't had any notification
On reading I seem to pass all the criteria.,,

dementedpixie · 14/06/2023 20:31

TammyJones · 14/06/2023 20:10

My son got his.
I've got a flex account but haven't had any notification
On reading I seem to pass all the criteria.,,

Do you also have a mortgage or savings with Nationwide? You need 2 products and fit criteria re: balance or money going into the accounts

KnickerlessParsons · 14/06/2023 20:37

Why not just pay it out in the form of lower interest rates on loans and higher ones on deposits ?
You know - like a normal bank would ?

It's not a bank though, is it? That's the whole point - a building society shares its profits with its members. A bank shares its profits with its shareholders.

TammyJones · 14/06/2023 21:20

@dementedpixie
I do an Isa but don’t use it.
thanks for the info.

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