Cashing in Premium Bonds

newbieni

Hi All, 

I want to cash in my Premium bonds for a house purchase on 24th Match.  Is it possible to leave them in for March's draw and have them cashed in on time for the house purchase?

masonic

You would be able to defer the withdrawal until after the next draw when you request it. You should have the money by the end of the first week of March in that case.

newbieni

masonic said:

You would be able to defer the withdrawal until after the next draw when you request it. You should have the money by the end of the first week of March in that case.

Is it done online?

njkmr

Yes you can do it online

masonic

Yes, they ask you if you'd like to defer before the confirmation screen.

TadleyBaggie

When you cash the in, money is usually in your nominated account 3 working days later. So wait until after the March draw and you will have ample time.

tigerspill

When I cashed mine in a few months ago it took a couple of days and the mney was in my account.

friolento

TadleyBaggie said:

When you cash the in, money is usually in your nominated account 3 working days later. So wait until after the March draw and you will have ample time.

You can get the money on the next working day if you do an instant internal transfer to a Direct Saver and withdraw to your bank account from there.

newbieni

I have the process activated, I should get the money by 6th March, thanks to everyone for your help.