premium bonds

the_mackem

just a quick question,would the post office have a problem
if i went in with 7000 in cash to buy the above.

Ifts

Don't think you are allowed to buy them using cash at the post office:

How to purchase Bonds

29. Where an application is made at a post office the Bond can be purchased using a cheque (which must be a personal cheque drawn on a UK bank or building society account held by the proposed Bond holder, or applicant where different), a building society branch cheque or banker’s draft, or a debit card in the name of the proposed Bond holder or applicant, where different, issued by a UK bank or building society. Where an application is made via the post office acceptance by us can only occur when the application is subsequently processed by NS&I.

Terms and conditions - http://www.nsandi.com/savings-premium-bonds

Or give them a call: NS&I free phone number - 0500 007 007 (every day from 7am till midnight)

Nicholas-bloody-Parsons

Premium Bonds will not be sold for cash, says NS&I

- Not since this January; accoring to the BBC website!

MoneySaverLog

No they refused my mom who does not have a chequebook or debit card and would not accept payment from my dads either.

They are a waste of space the post office or on the phone too

Ifts

MoneySaverLog wrote: »

No they refused my mom who does not have a chequebook or debit card and would not accept payment from my dads either.

Could your mum not have got a bank or building society account branch cheque or banker’s draft from an account held in her name

They are a waste of space the post office or on the phone too

Don't know about the Post Office but from my experience dealing with NS&I on the phone has always been positive, the few times I've had to call NS&I they were very helpful.

There I was thinking NS&I was one of the better institutions to deal with over the phone

MoneySaverLog

On the phone they wanted my moms debit card number which of cause she does not have so offered to get my dad to give his instead and they would not accept it.

Did not bother with bankers draft, she just added them into my dads name in the end.