Premium Bonds: When are premium bonds drawn?

Premium Bonds: When are premium bonds drawn?

The month of June has almost arrived, meaning it is time for another Premium Bond prize draw. Before the June prizes are drawn, it is worth checking the NS&I website to check if you have won in May’s draw. It is also worth checking if you have changed your address and not updated your NS&I account with your new details. There is no time limit to claim a long-lost prize.

When are premium bonds drawn?

If you are a premium bonds holder, you will no doubt want to know when the draw is held to find out if you have won as soon as possible.

The big prize winning numbers – between £5,000 and £1million – are shared with the media first.

In June 2020, premium bond prizes will be drawn on Monday, June 1.

If you overcome the odds and manage to win a prize, you will be visited by an NS&I worker on the day before the first working day of the month.

If your details have been out of date for some time, it is worth finding out if you have any unclaimed prizes with your name on it.

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You should provide as much detail as you can, for example, your full name, address details, when and where you brought your premium bonds and how much they are worth.

Alternatively, you can use NS&I’s tracing service or the My Lost Account website to track down your bond details.

The website will ask you to fill out a form detailing your name, address, an estimate of how many premium bonds you hold and how long you have had them for.

If you find that you do have an unclaimed prize, you can write to NS&I at: NS&I, Glasgow, G58 1SB.

Give as much detail as you can including your full name and any information about your bonds.

Prizes will then be sent to your home address as a warrant, which is similar to a cheque.

Unfortunately, recipients cannot have unclaimed prizes paid directly into your bank account. If the bond holder has died, the process is slightly different.

You will first need to inform NS&I of the death before proceeding with the specified steps. Any prize money will be paid to whoever inherit the bond holder’s estate.

Published at Sun, 31 May 2020 20:03:00 +0000