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.
The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 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!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
premium bond win living abroad
ceewash
Posts: 1,378 Forumite
My mother has just received £100 cheque from Premium bonds in my niece's name. They were bought for her as a child and forgotten about. She is now 25 and lives in Pennsylvania USA. Is there a way she can cash this cheque? Is it advisable to cash in her bonds now.
0
Comments
-
They can only make payments to, and receive payments from, a UK account in pounds sterling. Do you have one, or can you open one?
1 -
If you can't open a GBP account with local US banks, then multi-currency services such as Wise should be an option. You can open GBP balances which provide domestic UK bank details which you can then provide to NS&I. Probably easier in the long term to cash out though.Baldytyke88 said:They can only make payments to, and receive payments from, a UK account in pounds sterling. Do you have one, or can you open one?
If you actually been issued a GBP cheque though, I'm not really sure what the best option would be. Many UK banks offer the ability to cash cheques using their respective apps, but it relies on having a current account with them in the first place.1 -
No my niece doesn't have one. I don't think she could open one from America.Baldytyke88 said:They can only make payments to, and receive payments from, a UK account in pounds sterling. Do you have one, or can you open one?0 -
Is WISE like a Revolut account?PRAISETHESUN said:
If you can't open a GBP account with local US banks, then multi-currency services such as Wise should be an option. You can open GBP balances which provide domestic UK bank details which you can then provide to NS&I. Probably easier in the long term to cash out though.Baldytyke88 said:They can only make payments to, and receive payments from, a UK account in pounds sterling. Do you have one, or can you open one?
If you actually been issued a GBP cheque though, I'm not really sure what the best option would be. Many UK banks offer the ability to cash cheques using their respective apps, but it relies on having a current account with them in the first place.0 -
https://www.hsbc.co.uk/international/apply-for-a-uk-account/ will allow you to open a UK bank account from the USAceewash said:
No my niece doesn't have one. I don't think she could open one from America.Baldytyke88 said:They can only make payments to, and receive payments from, a UK account in pounds sterling. Do you have one, or can you open one?
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards