dorf
Supreme Member
Offline
I hate Qs on Premium NGNs
Posts: 575
UK
Gender:
|
As others have stated here, I also have had severe problems with Nationwide as a longstanding customer of over 17 years. When you make any complaint about their failures now they just brush them off and refuse to accept that your complaint is true. I have had to complain about their failures to honour the DD Guarantee, failure to calculate interest on savings accounts correctly, failures with their credit card accounts, failures to provide various other services, and also their failure to treat their longstanding and significant customers with any respect at all. Nationwide now treat all of their customers as cash cows who can either accept their nonchalant abuse or not as they choose. Their attitude, like so many financial institutions today, is if you don't like being treated as an insignificant customer like dirt on the wall then you know what you can do! They have even had the effrontery to write a letter to me claiming that they only have to abide by the DD Guarantee scheme until the payment has been made by them from your account; once they have made it then the DD Guarantee scheme does not apply! I have complained about this at the highest level in their complaints process and they just brush it off and refuse to treat the complaint seriously, still claiming that they have not broken the rules! Eventually if you try to insist on a resolution they cease to respond to your letters any longer and hope that you will go away and crawl under a stone somewhere.
I am currently moving the majority of my funds out of Nationwide, not the least because it is now too risky to have more than £35 000 invested with any banking/BS group registered as one entity with the FSA scheme. They clearly do not care whether they lose investment customers or not. This may change in the relatively near future of course, as things get more difficult with more defaulting mortgages, but for them it will now be too late. Customers will not forget their treatment at the hands of Nationwide. The only answer is to act with your feet. They will certainly not now pay any attention to you otherwise.
This is very sad in reality, since they used to be an example to most other financial institutions until about 5 or 6 years ago when the rot set in. It seems they have just become too successful and too big! I have complained consistently about their use of disguised Premium numbers for contact and no geographic number being given, for all their service departments including credit cards. They have persistently followed the lying routine that they receive no revenue from the use of these numbers, and that they are only charged at National or Local rates; even when I have persisted in explaining that this regurgitated rubbish was inappropriate any longer, and there were now no such designations, they will not accept anything which a customer states to them. Until enough customers leave them they will now never wake up to reality, and like the politicians, even then they will not be able to understand what they have done to cause this! As with all other large financial leviathans, it is the senior management who are to blame for these failures, just as is currently being observed with Northern Rock and UBS. Totally inadequate senior management leads to totally inadequate and eventually failing entities. If you look at the decline in customer service at Nationwide it correlates with the change to the current chief executive!
|