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NS&I Guaranteed Income Bond

Anyone had problems making payments to NS&I with their debit card to invest? I keep getting card declined and my bank says its not them (payment not blocked) and NS&I say its the bank
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Comments

  • Ozzig
    Ozzig Posts: 353 Forumite
    Third Anniversary 100 Posts Name Dropper
    I've just had that now.
  • i opened one this morning £20k no issues but it did say something along the lines of it having to be checked even though i have another bond and prem bonds with them.
  • i opened one this morning £20k no issues but it did say something along the lines of it having to be checked even though i have another bond and prem bonds with them.
    They probably won't need to do checks. I have some old premium bonds and they didn't do any but email confirmation took a while, opened last Friday and confirmation Wednesday.
  • Ozzig
    Ozzig Posts: 353 Forumite
    Third Anniversary 100 Posts Name Dropper
    One think I did notice was I'd not got a nominated account set up.
    (The application process wouldn't progress until I added one as part of the process.)

    As the application failed twice, I added it via the profile, it's there but the application still wants me to add one and doesn't show the one I've just configured. 

    So plan b, wait a couple of hours and see if it sorts itself out :smiley:
  • molerat
    molerat Posts: 33,990 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 22 September 2023 at 10:42AM
    Purchased 2.  Both times asked to set up nominated account, the same account as nominated for my PB payments and other NS&I accounts including the first GIB.  Usual NS&I rubbish :o
  • molerat said:
    Purchased 2.  Both times asked to set up nominated account, the same account as nominated for my PB payments and other NS&I accounts including the first GIB.  Usual NS&I rubbish :o
    I found this odd when I opened my second GGB a couple of days ago. No option to choose the nominated account NS&I already hold for the first GGB or PBs.
    'Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it' - Albert Einstein.
  • Ozzig
    Ozzig Posts: 353 Forumite
    Third Anniversary 100 Posts Name Dropper
    Well, plan B didn't work, also tried a smaller amount just in case.
  • Ozzig
    Ozzig Posts: 353 Forumite
    Third Anniversary 100 Posts Name Dropper
    Hands up anyone who set a debit card spending limit so long ago they'd forgotten all about it !!!!

    :blush:
  • poppystar
    poppystar Posts: 1,527 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    molerat said:
    Purchased 2.  Both times asked to set up nominated account, the same account as nominated for my PB payments and other NS&I accounts including the first GIB.  Usual NS&I rubbish :o
    I found this odd when I opened my second GGB a couple of days ago. No option to choose the nominated account NS&I already hold for the first GGB or PBs.
    Very odd as they gave me the option of choosing the one I use for PB etc or selecting another NS&I account. As I am keeping this money separate I chose the NS&I account. I’m now a little worried that they’ll apply that to my PBs and previous GIB and IBs as well!
  • poppystar said:
    molerat said:
    Purchased 2.  Both times asked to set up nominated account, the same account as nominated for my PB payments and other NS&I accounts including the first GIB.  Usual NS&I rubbish :o
    I found this odd when I opened my second GGB a couple of days ago. No option to choose the nominated account NS&I already hold for the first GGB or PBs.
    Very odd as they gave me the option of choosing the one I use for PB etc or selecting another NS&I account. As I am keeping this money separate I chose the NS&I account. I’m now a little worried that they’ll apply that to my PBs and previous GIB and IBs as well!
    If you login to your NS&I account you can see your nominated account(s) for PBs and GGB/GIBs, so you can check they are as you want them.
    'Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it' - Albert Einstein.
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