We already pay 9 in 10 prizes either straight to customers’ bank accounts or by reinvesting into more Bonds. If you still receive Premium Bonds prizes as a cheque in the post, why not switch to a better way?
If you have less than the maximum invested then using your winnings to buy more Bonds can be a great way to boost your chances of winning again. Choose this option and we’ll automatically reinvest the prize money for you. As a bonus, your new Bonds will be eligible to win prizes from the very next draw.
Or you can have prizes paid straight to your bank account (or NS&I Direct Saver). Choose either of these options and we’ll let you know by text or email if you win.
It’s quicker
Cheques take time. They need to be printed, packed and posted. Once you’ve received your cheque, you’ll also need to pay it into your bank account and wait for the money to clear. Skip the hassle and enjoy your prizes the quickest way when you choose to have them paid directly to your bank account or reinvested into more Bonds.
It’s easier
Let us do the hard work for you. No more trips to the bank and one less thing on your to-do list – prizes paid directly to your bank account or reinvested into more Bonds means you don’t have to do anything!
It’s safer
Although it doesn’t happen often, there’s always a small chance of a cheque getting lost or delayed. We also know that sometimes our customers move house and forget to let us know their new address. Making the switch to safer prizes means there’s no chance of them going to the wrong address.
It’s greener
Paper sometimes gets a bad rap, but we know that it’s the planes, trains and automobiles used to transport paper cheques across the country that cause the biggest problems for the environment. Help us reduce the need to use polluting vehicles and you’ll be doing your part to keep our air cleaner and the planet greener.
How to make the switch
Changing how you receive your prizes is easy, and if you don’t use our online service or do any online banking, don’t worry – we have options for you!
If you’re already registered online or by phone
- Simply log in using your NS&I number and password
- Go to Your profile and select Your prize options
Or if you prefer to use the phone, you can call us to change your prize options.
Don’t manage your NS&I savings online or by phone?
All we’ll need from you are:
- Your Premium Bonds holder’s number
- Your bank account details
- Your email address or UK mobile number so we can let you know if you win
Don’t have an email address or a UK mobile phone?
Please call us and we can discuss an alternative arrangement for you.
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