For most prizes, we’ll send them automatically through your chosen payment method. For a prize of £5,000 or more, we may need to check with you first before paying it. If so, we’ll send you a claim form to complete and return.
You can choose to either:
Have your prizes paid directly to your bank account
You’ll need to make sure you’re registered to manage your savings online first.
Then simply log in, go to 'Your profile' in the top menu and click 'Your prize options'. Click 'Change', follow the instructions and remember to click 'Save' when you've finished.
Automatically reinvest your prizes into more Bonds
You can also choose to get your prizes reinvested, meaning your Bonds will go straight into the next prize draw. Your chances of winning will increase each time you win a prize!
You can do this if you have less than £50,000 invested in Premium Bonds.
To set this up:
Simply log in, go to Your profile in the top menu and click Your prize options. Click Change, follow the instructions and remember to click Save when you've finished.
Before you set up an automatic reinvestment:
- Only future prizes will be eligible for automatic prize reinvestment. We’ll need a few days to set up this service for you, so don’t leave it too late in the month.
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After we’ve set up your automatic reinvestment, we will issue new Bonds for you whenever you win a prize, and tell you which of your numbers won.