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Premium bonds cheque question
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# 1
Bossworld
Old 22-06-2009, 11:27 AM
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Default Premium bonds cheque question

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
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# 2
Baldur
Old 22-06-2009, 11:46 AM
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Yes - you are the payee.
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# 3
Pssst
Old 22-06-2009, 11:53 AM
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Yes. If posting to your bank,dont forget to put your account on on the back.
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# 4
Bossworld
Old 22-06-2009, 11:55 AM
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Thank you!
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# 5
Arthurian
Old 22-06-2009, 1:29 PM
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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.
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# 6
glider3560
Old 22-06-2009, 1:55 PM
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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.
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# 7
smreynard
Old 22-06-2009, 3:06 PM
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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!
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# 8
KILL BILL
Old 23-06-2009, 7:45 AM
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when i received the warrant - havent won anything for a year now i just paid it in as a cheque without signing it
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# 9
droopsnoot
Old 24-06-2009, 12:12 PM
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Last time I paid one of these in, the bank person told me there was no need to sign it.
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# 10
Dave101t
Old 24-06-2009, 12:54 PM
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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
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# 11
DiggerUK
Old 24-06-2009, 1:54 PM
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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!
I am not now, nor have I ever been, a Financial Adviser.
Forward, to the 'British Spring'
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