Premium Bond prizes can now be paid into an account

redz

Just been browsing NS&I's site and discovered this

http://www.nsandi.com/products/pb/new-ways-to-manage-your-bonds

Seems you have to register to manage your account online to do this(unless I've read it wrong).

Once your registration is complete, you'll be able to manage your Bonds online and by phone. For example, you can then choose to have prizes paid directly into your bank account with notification by email.

poppy10_2

That's useful,thanks.

I just noticed that when I won a £50 price recently, they didn't just send the cheque automatically like they usually do, bu instead just a notification and a form for me to fill in and send to get payment. Don't know when they started doing that.

Jake'sGran

I reinvest any winnings which have been £25 most months in 2010. This way they are put into the next draw and don't have to wait one month. This month I received another £25 bond and with it there was a leaflet describing, I think, their new system which seemed to me to be that a list of all bonds held will be supplied in future. I just filed it but will have another read in case I missed something.

Stompa

Interesting. Since I used to have an NS&I ISA I'm already able to log in, no sign of my premium bonds though!

Ifts

Stompa wrote: »

Interesting. Since I used to have an NS&I ISA I'm already able to log in, no sign of my premium bonds though!

Might be because of this:http://www.nsandi.com/files/asset/pdf/online-phone-service.pdf

If you already have an NS&I number and password – for example if you have an NS&I Direct Saver or Direct ISA – you’re already registered to use our online and phone service, so you don’t need to complete this form. You can manage your Premium Bonds online and by phone straight away using your existing password and security details. (If you can’t view your Premium Bonds when you next log in, it’s possible that there’s a slight difference in your personal details on our records. If so, you will need to complete and return this form and we’ll match up your records.)

Stompa

Ifts wrote: »

Might be because of this:http://www.nsandi.com/files/asset/pdf/online-phone-service.pdf

Thanks for that. I can't imagine what the difference might be, probably one address having the county and the other not - or something equally daft!

2010

Lets hope they pay any winnings faster online than they do by cheque.

Next month`s draw doesn`t even take place until the 4th, we`ll be lucky if we get any winnings by February!

Stompa

2010 wrote: »

Lets hope they pay any winnings faster online than they do by cheque.

Winnings? They pay winnings? You could have fooled me!

Credit_Jake

Is it the 1st working day of each month then not 1st day?

Stompa

If you give them a call (freephone) they'll send you a copy of the form required - which has the advantage that it comes with a pre-paid envelope.

Stompa

Has anybody had any luck with this? I sent off my form a couple of weeks or so ago, but have not had any response from NS&I.