They look for any excuse not to pay…
They look for any excuse not to pay 'The Nationwide Thank You!!!!!!!' This is their terms that they give (not including the very small print, nor commonsense)...
How did members qualify for the payment?
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.
THIS IS NOT NECESSARILY TRUE!!!! This is how they get out of giving it to children!!!
A Future Saver account is in the name of a parent who holds the money for the benefit of a child and therefore only the parent will be a member.
Even though the children have held their account for 13 years and more!!! They do not value all their customers, some more than others!
I have emailed and received their response. I had to laugh at their last sentence which was basically telling me politely to go away and not come back......
'I apologise that this is not the outcome you were hoping for and therefore, I will be closing the complaint. You will get details of this to your email and have the right to go to the ombudsman should you wish.'
So my response will have to be with my feet by moving to another building society or bank for us all as a family.
Clearly although Nationwide would have used our children's savings in order to complete the purchase of Virgin Money (as they state here: On 1 October 2024, we completed the purchase of Virgin Money, becoming an even stronger force in UK banking. This was made possible by the financial strength Nationwide members helped us build.) They refuse to acknowledge that really the children are members (as its their money in their accounts, its not mine) just because they deem the accounts to belong to us as parents (and that is only because we have to be signed to the accounts!)
What a disgrace!!!!
May 28, 2025
Unprompted review