Last minute premium bond purchase by bank transfer

saver_ali

AnotherJoe said:

Ah, so NOW it would be appropriate to point out not to leave it to the last minute this month 

And I'm going to have a private bet with myself that he will in fact, do so.

As an experiment, dont nag him to do it , and post back when he buys

You were right in your bet, but I saw him over the weekend and mentioned it to him. 

We still weren’t able to create an NS&I account online so we phoned. It turns out that he needs to “take control” of his account first - as far as they are concerned it is still an under-16 account. If we’d just done a bank transfer it would not have purchased any bonds, so I’m very glad we didn’t. Not sure where the money would have ended up!

My son had to write a letter saying he wanted to take control of the account and provide a signature, witnessed by someone who has known him more than 3 years. Fingers crossed they process it in time for him to buy some bonds this month.

Nowadays they apparently write to you at 16, but it’s some years since my son turned 16.