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  • FIRST POST
    • longhotsummer
    • By longhotsummer 15th Oct 16, 8:22 AM
    • 4Posts
    • 3Thanks
    longhotsummer
    Cashing In Withdrawing Premium Bonds
    • #1
    • 15th Oct 16, 8:22 AM
    Cashing In Withdrawing Premium Bonds 15th Oct 16 at 8:22 AM
    I have today withdrawn £3000 from my Premium Bonds. After waiting 4 hours and not seeing the money in my linked current account, I just called NS&I to ask where it was.

    Here's what NS&I told me... <wait for it> It isn't a bank, so it takes 3-5 working days to pay out withdrawals! That's up to 7 days it is earning interest on your money and up to 7 days that you have to wait for it to be returned to you.

    Appalling.
    Last edited by longhotsummer; 15-10-2016 at 8:22 AM. Reason: Tidying.
Page 2
    • Heng Leng
    • By Heng Leng 17th Oct 16, 5:03 AM
    • 4,265 Posts
    • 1,311 Thanks
    Heng Leng
    It's owned by the UK Government.
    How efficient does the OP expect it to be?
    • Nicky2727
    • By Nicky2727 8th Jun 17, 8:52 PM
    • 1 Posts
    • 0 Thanks
    Nicky2727
    I tried to cash in my premium bonds and received a letter several days later to say that I had failed their security checks, so I phoned to ask what the problem was, and it turned out I was cashing in "a large amount" so would have to answer some security questions before I could cash in my premium bonds. I don't know why their website didn't simply ask the security questions when I applied online to cash in my bonds.
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