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Premium bonds -cashing in after death
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ruralrob228
Posts: 15 Forumite

My mother ha recently passed away and myself and brother have decided to cash in the premium bonds and have sent off the necessary paperwork to them ie death certificate and notification form. They did not require probate(although we do have it if needed) They have returned the death certificate but have not stated how long it takes for them to return the money. Can anyone who has been in this position say? it is very difficult to get through to them on the phone. It is not a huge amount but is is £9k.Thanks
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Comments
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Your question would have been better asked in the correct forum. however.....
Firms may not require probate specifically but if probate is required due to other assets than it is normal for them to request sight of the sealed copy. So, be prepared for them to reply they want to see it (unless you declared that probate was not being obtained).
NS&I are on a go-slow at the moment. They have been hit badly with lockdown arrangements and got behind big time. Things that would normally take weeks are taking months. You will need to be patient.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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