NS&I Premium Bonds - application

OnlyMe_08

Hi

If I was to apply for the maximum holding using a debit card, I understand there may be issues with the daily limits on the debit card.

What are people's experiences? Do they just take it in equal amounts over the next 2 - 3 consecutive days?

What if I applied for only 10,000 today, then decided I wanted to top it up later today or tomorrow - can this be done? I guess I will need my PB holders' number in order to add to the account - is this immediately available?

Appreciate if light could be shed on the above please.


Thanks.

Sceptic001

The daily limit depends on the debit card issuer. Only they can answer your question.

EDIT: If you apply by phone NS&I should be able to confirm the debit card transaction immediately. Online applications are not processed immediately. I once had an online debit card transaction rejected by Nationwide (for reasons that were never explained :mad:) but only found out next day via email from NS&I.

Mikeyorks

OnlyMe_08 wrote: »

Hi

If I was to apply for the maximum holding using a debit card, I understand there may be issues with the daily limits on the debit card.

What are people's experiences?

The daily limit, generally, depends solely on your balance in the account.

I've used mine, with NS&I, to purchase 2 x £30k from a joint account - in the past - with no issues. (But - the return on PBs was a lot healthier at that time!)

OnlyMe_08

Thanks for the replies.

How long does the welcome pack take to arrive once they've processed the initial application (debit card payment taken)?

Could I submit another application (generating another holder number), or would I need to wait for it to come through the post before I could 'top up' my PBs?