How to cash in premium bonds

Want to break cash in your bonds? Here’s a simple how-to guide.

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Premium bonds are a great option for a different way of saving, winning prizes rather than gaining interest. Just like regular savings, you can take your money out of premium bonds at any time and here’s how you do it.

Cash them in online or by phone

The easiest way to cash in premium bonds is to call or use the online form. For both options you will have to have your NS&I number and your password. Then, simply call 08085 007 007 or go to the NS&I site and to log into your online account. You’ll then transfer the cash into your nominated account.

Filling out the premium bonds ‘cash in’ form

If you don’t have a login and password because you didn’t order your premium bonds online or by phone, then you will have to fill out the form on the NS&I website. For this option you’ll need to select the amount you would like to cash in, and the specific serial numbers of the bonds you would like to cash in. If you don’t mind which ones you cash in, you can tick ‘no’ on this question and they will cash in your oldest premium bonds first.

Choose how to receive the cash from your premium bonds

The form (section 6) gives you two options of how to cash in your premium bonds:

  • To a nominated account. You will have the option of selecting a current account to have the bonds paid directly into.
  • By warrant. This option means that you will get the amount of cash by cheque in the post.

NS&I usually take around 8 days to process a ‘cash in’ form, and so it will take 8 days plus the amount of time it takes to clear or get to you through the post. If you have filled out the form but have not received anything from NS&I in this time call them at 08085 007 007. You can also tweet them at @nsandihelp

Frequently asked questions

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78 Responses

  1. Default Gravatar
    PaulJuly 28, 2019

    Hi my Mum recently passed away and have left a lot od Premium Bonds what can I do with them

    • Avatarfinder Customer Care
      BellaJuly 31, 2019Staff

      Hi Paul,

      Thanks for contacting Finder.

      The page we are on provides you with the steps on how you could cash the premium bonds. Please complete the steps provided on our page or visit the NS&I website for further assistance.

      Hope this helps!

      Kind regards,
      Bella

  2. Default Gravatar
    AndrewJuly 8, 2019

    My late dad’s bonds are nearly 40 years old and some of them are for £2. They have never been claimed. Would they be of any value? Thanks!

    • Avatarfinder Customer Care
      JoshuaJuly 10, 2019Staff

      Hi Andrew,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Since your dad’s bonds have been sleeping for nearly 40 years, it is possible that it has earned a significant value. To find out, you may want to get in touch with NS&I. You can find their phone number above.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    PaulJuly 5, 2019

    Can Premium Bonds be cashed into my partner’s bank account?

    • Default Gravatar
      EllieJuly 6, 2019

      Hi Paul,

      Thanks for your enquiry.

      Upon checking, your Premium Bonds can only be paid to your own bank account. Hope this helps.

      Cheers,
      Ellie

  4. Default Gravatar
    PaulJuly 1, 2019

    There is mention of faster payment when drawing out bonds, as opposed to 8 days. What is the cost of this faster withdrawal?

    • Avatarfinder Customer Care
      fayemanuelJuly 2, 2019Staff

      Hi Paul,

      Thanks for contacting Finder.

      It depends on which NS&I account you have, how much you want to withdraw and how you give NS&I your withdrawal instruction. Generally Premium Bond withdrawals (under £50,000) will be back in your bank account within three working days. Please reach out to NS&I to know more about this.

      I hope this helps.

      Kind Regards,

      Faye

  5. Default Gravatar
    SusanJune 29, 2019

    My son has premium bonds bought for him when he was a child. He is autistic and has therefore no bank account in his name, and we live in Israel. How can I cash them in for him? I am his legal guardian

    • Avatarfinder Customer Care
      BellaJune 29, 2019Staff

      Hi Susan,

      Thanks for your inquiry.

      I’m sorry to hear about your son’s condition. To cash in your son’s premium bond, you just need to fill out the form on the NS&I website and request for a warrant (like a cheque). Please note that the repayment will take longer due to you being abroad.

      I hope this helps.

      Kind regards,
      Bella

      I hope this helps.

  6. Default Gravatar
    margaretApril 24, 2019

    can you gift premium bonds to someone else

    • Avatarfinder Customer Care
      BellaApril 24, 2019Staff

      Hi Margaret,

      Thanks for your inquiry.

      Unfortunately, Premium Bonds are non-transferrable as per NS&I.

      I hope this helps.

      Kind regards,
      Bella

  7. Default Gravatar
    RichardApril 10, 2019

    My daughter has approx £950 of Premium Bonds and wants to cash them in. We have moved house since they were bought and my daughter is now aged 24. She has not registered on the NS&I site. How do we progress?

    • Avatarfinder Customer Care
      BellaApril 11, 2019Staff

      Hi Richard,

      Thanks for your inquiry.

      If your daughter doesn’t have a login and password because she didn’t order her premium bonds online or by phone, then she will have to fill out the form on the NS&I website. For this option, she’ll need to select the amount she’d like to cash in, and the specific serial numbers of the bonds she would like to cash in. If you need further information on this, you can contact NS&I directly at 08085 007 007.

      I hope this helps.

      Kind regards,
      Bella

  8. Default Gravatar
    PeterFebruary 21, 2019

    I have three Premium Savings Bonds given to me by my father before he passed away when I lived in England..
    SFN 635311 5 Pounds 5FN635315 Aug. 1973
    6BK 711073 2 Pounds 6BK 711074 Jul. 1974
    8LP 448701 25 Pounds 8LP 448725 Dec. 1976
    Would you kindly tell me how I can cash them in

    I now live in Toronto as a Canadian Citizen

    • Avatarfinder Customer Care
      johnbasanesFebruary 22, 2019Staff

      Hi Peter,

      Thank you for reaching out to finder.

      The page we are on provides you with the steps on how you could cash the premium bonds. Please complete the steps provided on our page or visit the NS&I website for further assistance. Hope this helps!

      Cheers,
      Reggie

  9. Default Gravatar
    AnonymousFebruary 10, 2019

    A friend wishes to cash in his premium bonds. He has no computer. Where can he get a form from? He cannot phone because he has no password.

    • Avatarfinder Customer Care
      JhezFebruary 11, 2019Staff

      Hello,

      Thank you for your comment.

      According to NS&I, you have 2 ways to cash in bonds, either you go online or call them directly. But since you have no password, you can download the form online. You can let your friend who has access to a computer and a printer, print it for you. The password is not needed on the form. You will need to complete and return the form to NS&I at: NS&I Glasgow, G58 1SB.

      Regards,
      Jhezelyn

  10. Default Gravatar
    RenaJanuary 31, 2019

    I Need Your out-Form send my Money back.
    Thanks – lG

    • Avatarfinder Customer Care
      johnbasanesFebruary 1, 2019Staff

      Hi Rena,

      Thank you for reaching out to finder.

      You might have mistaken us with another company. We are finder, a comparison website that assists users on financial queries and topics on our pages. If you are trying to reach NS&I, you may check the page under “1. Cash them in online or by phone.” you would be able to locate NS&I contact details for your reference. Hope this helps!

      Cheers,
      Reggie

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