Can someone else buy me premium bonds?

eskbanker

Tragen said:

Nebulous2 said:

It appears you cannot buy premium bonds for another adult, unless you have power of attorney. 
Can you buy Premium Bonds for someone else? | Personal Finance | Finance | Express.co.uk

I did see that when I googled, but as it's express .co.uk I didn't want to take it as 100%, also it doesn't explicitly say you cannot buy for someone else. Just that a poa can.

The NS&I customer agreement document specifying the terms for Premium Bonds also says this - the 'if' doesn't explicitly add 'and only if' but that seems a reasonable interpretation:

Who can buy Premium Bonds

To buy Premium Bonds, you must be at least 16 years old. You can also buy Premium Bonds: 

• for children under 16 

• for another adult if you’re acting as their attorney or deputy

moneysavinghero

From their terms and conditions:

Giving us instructions 73. Instructions can be given: (a) via the internet (where a holder is registered for the Service); (b) by telephone (where a holder is registered for the Service); or (c) by post by completing the relevant forms (available from us) and returning them to us. Where we do not have a record of the holder’s signature, we may make additional security checks before we can carry out the holder’s instructions. 74. We cannot change or cancel payment instructions because we start processing them when we receive them. 75. We may refuse to act on instructions if: (a) we reasonably believe that they were given by a person who was not entitled to give us instructions; (b) we reasonably suspect fraudulent activity in relation to the Bonds; (c) the instructions are unclear, incomplete or not in the required form; (d) in carrying out the instructions, we might thereby act contrary to a law, regulation, code or other duty which applies to us; (e) it would cause any limit or restriction which applies to a holding of Bonds to be exceeded; or (f) we have any other valid reason for not acting on the instructions. 76. If we refuse to act on instructions we will notify the Bond holder and, if possible, give our reasons for doing so. Bond holders can obtain information about the refusal and, where appropriate, our reason for refusing, along with

Placitasgirl

This is taken directly from the NS&I website: 
"Anyone aged 16 or over can buy Premium Bonds. Parents, legal guardians and (great) grandparents can invest on behalf of their child or grandchild aged under 16."
Are you under 16? If so then your Mum could buy PB's for you. If you're over 16 you'd need her to transfer the funds to you to purchase yourself. 

maisie_cat

I'm pretty sure that when I bought them last year the bank account name needed to correspond with the name on the PBs.  To set up the NS&I account also required national insurance number for ID purposes. It would therefore make sense to simply use you own bank account so that everything ties up and avoid flagging a data mismatch.

Nebulous2

Tragen said:

Nebulous2 said:

It appears you cannot buy premium bonds for another adult, unless you have power of attorney. 
Can you buy Premium Bonds for someone else? | Personal Finance | Finance | Express.co.uk

I did see that when I googled, but as it's express .co.uk I didn't want to take it as 100%, also it doesn't explicitly say you cannot buy for someone else. Just that a poa can.

Thanks

There was something else saying that a poa or deputy can, but not anyone else. I can't see it now.