We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Premium bonds
steve.hinde
Posts: 4 Newbie
The local branch of my bank has shut down, I would like to switch to a bank with a local branch offering incentives. My only concern is that I have most of my savings tied up in premium bonds. My understanding is that they only pay winnings to the account that you invested with to avoid money laundering. Does anyone know if I can switch without this being an issue?
0
Comments
-
If you log into your NS&I account you can change your nominated account.2
-
If you use the current account switching service, then it will all be handled automatically and your next winnings will make it into your new account.steve.hinde said:The local branch of my bank has shut down, I would like to switch to a bank with a local branch offering incentives. My only concern is that I have most of my savings tied up in premium bonds. My understanding is that they only pay winnings to the account that you invested with to avoid money laundering. Does anyone know if I can switch without this being an issue?0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards