Nationwide Building Society

Money, investing, mutuals etc
planteria
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Nationwide Building Society

Post by planteria » Fri Oct 27 2023 7:11pm

many of us long-term members / 'baggers have long knocked Nationwide. the huge Director's pay, for example, has never felt very 'mutual'.

however, on the back of the Fairer Share Payment..

viewtopic.php?f=5&t=90754

from their latest email Your Nationwide Newsletter, this is a positive claim to be able to make:

"Going, going, nowhere
Unlike the big banks1, we’re not closing our branches. We know how important they are to our members, so we’ve renewed our Branch Promise until at least 2026.
Plus, we now have the UK’s biggest branch network, with more branches than any other banking brand and with a branch manager in every single one. Which means we’re here for the times you need to meet with us in person.
"
Last edited by planteria on Mon Oct 30 2023 5:49pm, edited 1 time in total.

blythburgh
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Re: Nationwide Building Society

Post by blythburgh » Sat Oct 28 2023 11:11am

until at least 20262. I do not understand what this means
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Richard Frost
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Re: Nationwide Building Society

Post by Richard Frost » Sat Oct 28 2023 11:50am

2026. Although this is very commendable, They fail to mention they have pulled out of the Banking Hub initiative. Although some would argue that as they are not closing any branches they do not need to be part of it.
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Re: Nationwide Building Society

Post by oldboy » Sat Oct 28 2023 1:10pm

Nationwide may not be shutting branches, but as the last bank in my town they've cut the days they open as well as the hours.
Making banking in person nearly impossible.
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blythburgh
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Re: Nationwide Building Society

Post by blythburgh » Mon Oct 30 2023 7:43am

We go to a nearby town to have a meal, go to Tesco and buy from local shops once a week. Going over the bridge here takes forever and if we want to go to a butcher we have to travel to the far north or far west of the town to get to the only 2 butchers left in a large town. The far smaller town we visit has three butchers which all seem to be doing well. And the atmosphere is much nicer as well.

The still have a Lloyds Bank as well as a Nationwide. Lloyds shuts at 3:00 Mon to Fri but Nationwide is open 9:00 to 5:00 Mon to Fri and 9:00 to 12:00 on a Saturday. They have lost the TSB, Halifax and HSBC but I think they still have a Barclays. But that is on the far corner of the square where we never get to. Hope Lloyds stays open as I go in regularly to get change for car parks and to drop in the tin to pay for our after church coffee on a Sunday. And I get some £5 notes I exchange for £20 ones at my corner shop. Helps footfall in the bank and is useful for the shop to have some notes when handed a £20
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planteria
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Re: Nationwide Building Society

Post by planteria » Mon Oct 30 2023 5:52pm

blythburgh wrote:
Sat Oct 28 2023 11:11am
until at least 20262. I do not understand what this means
i have corrected to what i assume it said/meant.
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planteria
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Re: Nationwide Building Society

Post by planteria » Fri Nov 17 2023 6:10pm

in fairness to Nationwide, they've been quick to pay out this Switching bonus..

viewtopic.php?f=5&t=90596&p=278010#p278010

following the Fairer Share Payment, and with cs that can cope, as opposed to TSB who i've found to be 'nice but hopeless' recently, i do think Nationwide have become an account provider well worth 'banking' with.
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planteria
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Re: Nationwide Building Society

Post by planteria » Thu May 23 2024 9:33pm

and another £100 on the way in June..

https://www.nationwide.co.uk/about-us/fairer-share/
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Sarah
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Re: Nationwide Building Society

Post by Sarah » Thu May 23 2024 10:17pm

Gosh! Probably missed it again! :o

I've transferred money through a FlexAccount into a Flex Regular Saver but not 10 transactions in any 2 of the qualifying months.

Has the Fairer Share benefit been commonly understood to be an annual payout? I'd assumed that last year was a one-off, otherwise might have tried harder to qualify!
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Re: Nationwide Building Society

Post by tonyg » Fri May 24 2024 9:45am

Sarah wrote:
Thu May 23 2024 10:17pm
Gosh! Probably missed it again! :o

I've transferred money through a FlexAccount into a Flex Regular Saver but not 10 transactions in any 2 of the qualifying months.

Has the Fairer Share benefit been commonly understood to be an annual payout? I'd assumed that last year was a one-off, otherwise might have tried harder to qualify!
I managed to get it as only 2 payments out required in the 3 months to 31.03.24 and balance over £100 in my Flexdirect account after last year much easier as offered 5% back on visa payments.
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