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  • FIRST POST
    • Yorkshire Pud
    • By Yorkshire Pud 5th Mar 18, 9:21 AM
    • 882Posts
    • 592Thanks
    Yorkshire Pud
    How long for cashed in Premium Bonds to arrive?
    • #1
    • 5th Mar 18, 9:21 AM
    How long for cashed in Premium Bonds to arrive? 5th Mar 18 at 9:21 AM
    Has anyone done an online request for cashing in PB funds? If so how long does it take for the funds to arrive in nominated bank account?

    Thanks
Page 1
    • ColdIron
    • By ColdIron 5th Mar 18, 9:28 AM
    • 4,143 Posts
    • 5,223 Thanks
    ColdIron
    • #2
    • 5th Mar 18, 9:28 AM
    • #2
    • 5th Mar 18, 9:28 AM
    3 Working days if done onine (BACS)

    https://www.nsandi.com/how-long-does-it-take-cash-money-nsi-account
    • EachPenny
    • By EachPenny 5th Mar 18, 11:39 AM
    • 4,943 Posts
    • 13,194 Thanks
    EachPenny
    • #3
    • 5th Mar 18, 11:39 AM
    • #3
    • 5th Mar 18, 11:39 AM
    3 Working days if done onine (BACS)
    Originally posted by ColdIron
    Plus a delay if you make the request at the end of the month so you don't miss out on the final draw
    "In the future, everyone will be rich for 15 minutes"
    • eskbanker
    • By eskbanker 5th Mar 18, 1:23 PM
    • 7,086 Posts
    • 7,505 Thanks
    eskbanker
    • #4
    • 5th Mar 18, 1:23 PM
    • #4
    • 5th Mar 18, 1:23 PM
    Originally posted by ColdIron
    At the risk of being pedantic, that states that they'll send your payment within three working days, but as I understand it, it'll then take another couple of days to actually arrive when using BACS.

    The Ts & Cs also support this interpretation of three days to send and another two to arrive:
    57. For telephone or internet applications to cash in, we will normally initiate the electronic transfer within three banking days of receiving instructions.

    [...]

    59. Once we have initiated the electronic transfer, the date of repayment, for the purposes of these terms and conditions, will be taken to be the date on which, in the normal course, the requested amount would be credited to the nominated bank or building society account. In the case of BACS, this is normally two banking days after we initiate the transfer
    • dales1
    • By dales1 5th Mar 18, 5:46 PM
    • 45 Posts
    • 33 Thanks
    dales1
    • #5
    • 5th Mar 18, 5:46 PM
    • #5
    • 5th Mar 18, 5:46 PM
    Last month I cashed in some of my bonds.

    I went online on the Saturday to cash them, on the Monday NS&I sent the BACS (this shows on my NS&I account) and on the Wednesday it was in my nominated bank account.

    Good service.
    • Ifts
    • By Ifts 5th Mar 18, 6:15 PM
    • 1,790 Posts
    • 1,131 Thanks
    Ifts
    • #6
    • 5th Mar 18, 6:15 PM
    • #6
    • 5th Mar 18, 6:15 PM
    The last time I done an online request for cashing in PB funds (this time last year), it went as follows:

    I cashed in some PB's (7th March) using the NS&I online service and the next day (8th March) the money was showing as cleared balance in the linked account - though the NSI payment in was dated 9th March.
    Never let the perfume of the premium overpower the odour of the risk
    • sam_scott
    • By sam_scott 21st Mar 18, 8:21 PM
    • 30 Posts
    • 4 Thanks
    sam_scott
    • #7
    • 21st Mar 18, 8:21 PM
    • #7
    • 21st Mar 18, 8:21 PM
    Takes around about 3 working days, unless you defer until after the next draw, which I would always advise doing unless you desperately need the cash or it's at the start/middle of the month...
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