National Savings and INvestments

strangeotron

Never heard of you, yet someone they've written to me even though I've had no conscious interactsiont with them. Ever.

Their letter says "changes to your customer agreement - faster cheque clearing times".

Is this a scam?

RG2015

Do you have any Premium Bonds which are run by NS&I? My parents bought me some in the 1950s which are still active.

cloud_dog

Is this National Savings and Investments, as in 'NS&I'?

If it is then it looks like it could(!!!) be legit. I don't know your age but is it possible that your parents/family member took out some sort of NS&I product in your name?

If it is not the kosher NS&I then it may well be a scam of some sort utilising a similar sounding institutional name.

You could contact NS&I directly to confirm?

strangeotron

RG2015 wrote: »

Do you have any Premium Bonds which are run by NS&I? My parents bought me some in the 1950s which are still active.

I have no premium bonds nor anything like it, never have. I have contacted them via their twitter

EachPenny

strangeotron wrote: »

Never heard of you, yet someone they've written to me even though I've had no conscious interactsiont with them. Ever.

Their letter says "changes to your customer agreement - faster cheque clearing times".

Is this a scam?

You still need to check yours is genuine, but I got a similar letter the other day which appears to be 100% genuine. It was slightly vague about the accounts held (a 'standard' letter covering a variety of accounts) but made sense because I have an old (and unused) account which could be used for depositing cheques into.

I think the accounts referred to in the letter might include the 'Investment Account' which existed 30+ years ago as a passbook account you used in the Post Office... so there is certainly the potential for it to relate to an account you've completely forgotten about, or weren't told existed. The old 'Post Office' accounts were ones that parents could open for children

It would be more scam-like if the address you are living at isn't one you've been at for long - because the question would then be how NS&I found out where you were living to write to you about a 'forgotten' account.

I've filed my letter away, but will dig it out and have another look now.

kidmugsy

EachPenny wrote: »

the 'Investment Account' which existed 30+ years ago as a passbook account you used in the Post Office...

I'd forgotten all about those. I had one that finished with about a shilling in it; I threw the passbook away eventually because it would have cost me more than a shilling's worth of time to close the account properly.

EachPenny

kidmugsy wrote: »

I'd forgotten all about those. I had one that finished with about a shilling in it; I threw the passbook away eventually because it would have cost me more than a shilling's worth of time to close the account properly.

The chances are the account is still exists (unless it was an 'Ordinary Account' which were closed in 2004 and folded into the Residual account) and will be worth a shilling plus interest.

I had a small amount in my Ordinary Account when it closed and used a postage paid envelope from another NS&I account to send in a Residual Account claim. Didn't take long to fill in the form, and zero cost apart from the ink.

FatherAbraham

strangeotron wrote: »

Never heard of you, yet someone they've written to me even though I've had no conscious interactsiont with them. Ever.

Their letter says "changes to your customer agreement - faster cheque clearing times".

Is this a scam?

Scams usually lure people in with irresistible offers.

"Faster cheque clearing" is mildly advantageous, but not really what I would use it I wanted to exploit victims' greed, avarice and Geldlust.