Premium Bonds - how annoying is this?

Posted on 24/09/2020 17:17 by moulesy

From next March, premium bond prize winnings will not come as cheques in the post but be paid directly into your bank account.

All well and good if they already know your bank account details but, if not .....

...you can register to tell them on line ......but to register you need a password and to get a password you have to phone an 08 number. When you phone that 08 number you're told there is a long wait (up to 50 minutes yesterday) so please do it on line instead ..... so you go on line and find you ...er....have to ring that 08 number etc etc.... and so it goes on. 

We only found about this by accident, presumably at some stage before March they will write to let all bond holders know. I guess we'll just have to wait until then! 

Posted on 24/09/2020 21:37 by Tinwheeler

I don’t know if things have changed, M, but I registered some years ago online and it was straightforward. Now my winnings go straight in the bank and get there quicker than a cheque would drop through my letterbox. I think it’s a vast improvement plus I don’t have the hassle of getting the winnings to my bank.