Premium bonds cheque question

Bossworld
Bossworld Posts: 423 Forumite
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in Savings & investments
I've won £25 (only got £100 which I invested in April so result!), but they've sent a cheque out with my winnings. I know this will sound stupid but on a normal cheque, the person paying would sign it in the bottom right corner.

On this one, there's a dotted line with 'signature of payee' written upon it. Is that for me to sign?

Cheers

Joe

Comments

  • Baldur
    Baldur Posts: 6,565 Forumite
    Yes - you are the payee.
  • Pssst
    Pssst Posts: 4,803 Forumite
    First Post First Anniversary
    Yes. If posting to your bank,dont forget to put your account on on the back.
  • Bossworld
    Bossworld Posts: 423 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
    Thank you!
  • Arthurian
    Arthurian Posts: 796 Forumite
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    I took one of these to my bank years ago, and the cashier insisted on seeing me sign it there and then in front of her, despite the fact that I had already signed it before setting off from home.
  • glider3560
    glider3560 Posts: 4,115 Forumite
    Name Dropper First Anniversary First Post
    Prizes from NS&I aren't sent as cheques. They are in fact warrants. They are cleared by banks in the same way as a cheque, but due to how they work, they must be signed by the person receiving the funds instead of the person who is sending the funds.
  • smreynard
    smreynard Posts: 45 Forumite
    First Anniversary Combo Breaker
    I work in a large building society and we have these cheques paid in all the time. Some people have signed them and some haven't, they are all paid in and go through the same. Hope this helps!
  • KILL_BILL
    KILL_BILL Posts: 2,183 Forumite
    when i received the warrant - havent won anything for a year now i just paid it in as a cheque without signing it
  • droopsnoot
    droopsnoot Posts: 1,757 Forumite
    Name Dropper First Anniversary First Post
    Last time I paid one of these in, the bank person told me there was no need to sign it.
  • Dave101t
    Dave101t Posts: 4,157 Forumite
    i like signing it, its like 'yes i won, its for ME!'
    kick in the teeth at 25 quid tho...still, roll on july 1st!
    Target Savings by end 2009: 20,000
    current savings: 20,500 (target hit yippee!)
    Debts: 8000 (student loan so doesnt count)

    new target savings by Feb 2010: 30,000
  • DiggerUK
    DiggerUK Posts: 4,992 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Bossworld,
    You can have winnings reinvested in more PB's, they will then only send you the warrant if you exceed the holding limit.
    So if you get a warrant in the post, you will know you've dropped a shed load!
This discussion has been closed.
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