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Premium Bonds withdrawing money how long does it take?

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Hello, can anyone advise how long it currently takes for NSANDI to process a withdrawal application of money saved in Premium Bonds? I would be interested in the experience of forum members. Thank you.

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  • Swipe
    Swipe Posts: 5,648 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 7 August 2024 at 2:49PM
    It's normally 3 working days unless you have a direct saver account, where you can cash PBs to that and then withdraw to your nominated account next working day (normally arrives around 1-2pm or thereabouts).

    https://www.nsandi.com/help/manage-your-savings/make-withdrawal-from-savings
  • tacpot12
    tacpot12 Posts: 9,263 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    edited 7 August 2024 at 3:10PM
    Swipe said:
    It's normally 3 working days unless you have a direct saver account, where you can cash PBs to that and then withdraw to your nominated account next working day (normally arrives around 1-2pm or thereabouts).

    ...
    That's been my experience when cashing in PBs. 
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • Ayr_Rage
    Ayr_Rage Posts: 2,793 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Exactly as they advise on the website.
  • Thank you all for responding so quickly. You have all been so helpful.
  • I gave instructions for repayment to be made following the August draw. NS&I advised funds would be recd on 6 August but they were actually credited on 5 August i.e. two working days.
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