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NSI monthly income

Hi,

I sent a cheeque to NSI 06 Dec 09. They replied 09 Dec 09 asking for proof of identity. Duly sent by return and my cheque cashed 14 Dec 09. Am I right in thinking that monthly income would be paid each month on 14 th ?

Also does the payment take time to clear or hit the nominated account on the same day.

Thank you.

Comments

  • alanq
    alanq Posts: 4,216 Forumite
    1,000 Posts Combo Breaker
    edited 10 January 2010 at 6:39PM
    If you cannot find the answers on https://www.nsandi.com, why not call NS&I free on 0500 007 007? They are there 07:00-Midnight every day. Then you will be sure to get the right answers rather than the thoughts of board members.
  • zogg
    zogg Posts: 153 Forumite
    Tenth Anniversary
    Was going to do so tomorrow, but wife was pressuring for an answer......:eek:
  • I invested in a Income Bond with them.

    They sent me a certificate showing account opened on 19th November 2009

    They cashed my chq on 20th November

    And I received my first payment in my bank on 21st December cleared funds (21st December was a Monday)
  • zogg
    zogg Posts: 153 Forumite
    Tenth Anniversary
    Thanks very much.
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