We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

MSE News: NS&I to keep paying Premium Bond prizes by cheque following complaints

Options
Premium Bond-holders will be able to continue getting paper prize cheques after NS&I bowed to complaints about plans to axe them.

Read the full story:
'NS&I to keep paying Premium Bond prizes by cheque after complaints force U-turn'

Click reply below to discuss. If you haven’t already, join the forum to reply.

Comments

  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    I can't even fathom why anyone would want the inconvenience of a cheque when the money can 'magically' appear in a current account of your choice. On top of it, the use of paper, ink, production and transport is an unnecessary waste of precious resources and contributes to pollution.
  • d63
    d63 Posts: 330 Forumite
    Part of the Furniture 100 Posts Name Dropper
    colsten said:
    I can't even fathom why anyone would want the inconvenience of a cheque when the money can 'magically' appear in a current account of your choice. On top of it, the use of paper, ink, production and transport is an unnecessary waste of precious resources and contributes to pollution.
    someone who doesn't have access to the internet? someone who doesn't want access to the internet? someone who doesn't have a smartphone? someone who put the mobile phone they were given for xmas several years ago into the back of a drawer and has never used it since? someone who, not to put too fine a point on it, is very much like my sister?
  • eskbanker
    eskbanker Posts: 37,182 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    d63 said:
    colsten said:
    I can't even fathom why anyone would want the inconvenience of a cheque when the money can 'magically' appear in a current account of your choice. On top of it, the use of paper, ink, production and transport is an unnecessary waste of precious resources and contributes to pollution.
    someone who doesn't have access to the internet? someone who doesn't want access to the internet? someone who doesn't have a smartphone? someone who put the mobile phone they were given for xmas several years ago into the back of a drawer and has never used it since? someone who, not to put too fine a point on it, is very much like my sister?
    Nobody needs to use phones or computers to allow credits directly into their current account....
  • MX5huggy
    MX5huggy Posts: 7,163 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    eskbanker said:
    d63 said:
    colsten said:
    I can't even fathom why anyone would want the inconvenience of a cheque when the money can 'magically' appear in a current account of your choice. On top of it, the use of paper, ink, production and transport is an unnecessary waste of precious resources and contributes to pollution.
    someone who doesn't have access to the internet? someone who doesn't want access to the internet? someone who doesn't have a smartphone? someone who put the mobile phone they were given for xmas several years ago into the back of a drawer and has never used it since? someone who, not to put too fine a point on it, is very much like my sister?
    Nobody needs to use phones or computers to allow credits directly into their current account....
    Did they offer a postal notification of prize? With payment to bank account or was the only way you knew you won was on your monthly paper bank statement? 
  • eskbanker
    eskbanker Posts: 37,182 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 29 June 2021 at 1:35PM
    MX5huggy said:
    eskbanker said:
    d63 said:
    colsten said:
    I can't even fathom why anyone would want the inconvenience of a cheque when the money can 'magically' appear in a current account of your choice. On top of it, the use of paper, ink, production and transport is an unnecessary waste of precious resources and contributes to pollution.
    someone who doesn't have access to the internet? someone who doesn't want access to the internet? someone who doesn't have a smartphone? someone who put the mobile phone they were given for xmas several years ago into the back of a drawer and has never used it since? someone who, not to put too fine a point on it, is very much like my sister?
    Nobody needs to use phones or computers to allow credits directly into their current account....
    Did they offer a postal notification of prize? With payment to bank account or was the only way you knew you won was on your monthly paper bank statement? 
    Since part of the justification for the move was to eliminate dealing with lots of pieces of paper, they weren't planning to write to winning holders, but to notify by text or email - obviously such methods do still involve technology but in a much less invasive way than actually banking online, and, as you say, people completely detached from any sort of technology will presumably still receive regular paper bank statements as a backstop.

    https://www.nsandi.com/get-to-know-us/quicker-prizes

    You can have prizes paid straight to your bank account (or NS&I Direct Saver) or reinvested into more Bonds, giving you even more chances to win. Choose either of these options and we’ll let you know by text or email if you win.


    Edit: that page does also hint at additional (unspecified) options:

    Don’t have an email address or a UK mobile phone?

    Please call us and we can discuss an alternative arrangement for you.

  • MoJoeGo
    MoJoeGo Posts: 175 Forumite
    100 Posts Name Dropper
    Eh, you mean there's no longer an option to have my prizes delivered in Guineas by carrier pigeon??

    I blame the demise of the gold standard. Everything went to pot after that...
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    d63 said:
    colsten said:
    I can't even fathom why anyone would want the inconvenience of a cheque when the money can 'magically' appear in a current account of your choice. On top of it, the use of paper, ink, production and transport is an unnecessary waste of precious resources and contributes to pollution.
    someone who doesn't have access to the internet? someone who doesn't want access to the internet? someone who doesn't have a smartphone? someone who put the mobile phone they were given for xmas several years ago into the back of a drawer and has never used it since? someone who, not to put too fine a point on it, is very much like my sister?
    You need neither internet access nor a smartphone to have your PB win paid into a current account.
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    MoJoeGo said:
    Eh, you mean there's no longer an option to have my prizes delivered in Guineas by carrier pigeon??

    I blame the demise of the gold standard. Everything went to pot after that...
    Outrageous, isn't it. We should launch a petition.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.