From December 2020, we’re stopping prize payments by warrant (like a cheque). We’ll be doing this in phases, so by March 2021 we’ll no longer send any prizes through the post.
What to expect
Good news if you already receive your prizes directly into your bank account, you don’t need to do anything. If you win any prizes, we’ll let you know by email or text, and we’ll pay your prizes into your bank account by the 7th working day of the month. Result!
If you get your prizes reinvested:
If your prizes are used to automatically buy more Bonds (we call this reinvesting), we might not have your bank details, so you’ll need to make sure your account is up to date.
You can do this by logging in and going to ‘Your profile’ and selecting ‘Your prize options’.
If you still get your prizes by post:
If you still receive your prizes through the post, you’ll need to let us know your bank details to carry on receiving any prizes you win. But don’t worry, your prizes are safe with us. We’ll hold onto them until we have your bank details.
If you manage your NS&I savings online:
Log in to your online account and you'll be prompted to change your prize options.
If you don't receive a prompt after you’ve logged in, go to ‘Your profile’ and select ‘Your prize options’ and you’ll be able to change them here. You’ll also be able to change your bank details, choose to have your prizes reinvested into more Premium Bonds and choose how we notify you if you’ve been lucky in the prize draw (by text message or email).
If you’re not registered:
You'll need to make sure you're registered to manage your Premium Bonds online before choosing your new prize options.
Register now - you can be up and running in a few minutes.