SO for Premium bonds

strawb_shortcake

Has anyone set up a standing order for premium bonds? Looking to do this for my OH's account having just remembered he has a small amount. 

Can you do this via online banking? A quick look earlier suggested taking a form into the bank. 

What date would you suggest putting for the SO to leave your account? To avoid weekends and allowing for NSI processing? 

Many thanks 

eskbanker

The exact facilities offered by each bank on their website portals will vary, but I'd have expected any bank allowing standing orders to be set up would allow this to be done via online banking rather than needing a piece of paper.

Date would depend on when you want to buy them, but end of the month is optimal....

strawb_shortcake

eskbanker said:

The exact facilities offered by each bank on their website portals will vary, but I'd have expected any bank allowing standing orders to be set up would allow this to be done via online banking rather than needing a piece of paper.

Date would depend on when you want to buy them, but end of the month is optimal....

Thank you, I have other SO's for my account so should in theory work, never had one let me down, but always think it might.

We wanted to do the end of the month, just wasn't sure just how soon it would show in his account 

eskbanker

An electronic transfer deposit received by 18:30 on a banking day will normally clear no later than the next banking day

https://www.nsandi.com/files/asset/pdf/premium-bonds-brochure.pdf

Eco_Miser

If your bank is clever enough to let you specify the penultimate day of the month, that is fine, otherwise, if you have to specify a particular date, it has to be 25th to allow for weekends at the end of February, and the possible overnight clearance at NS&I

strawb_shortcake

Eco_Miser said:

If your bank is clever enough to let you specify the penultimate day of the month, that is fine, otherwise, if you have to specify a particular date, it has to be 25th to allow for weekends at the end of February, and the possible overnight clearance at NS&I

Thank you!