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Maximum bonds

3 replies

OneSharpGoose · 06/07/2024 14:56

I have £50,000 in premium bonds ( I know it could be better placed but it's where I want it to be). I started with less than that but have been automatically reinvesting winnings over the years to reach the maximum allowed. What's happens if I win now I have the max allowed? Do they automatically put it into my bank account/ send me a cheque or not pay out?

OP posts:
CurleyMango · 06/07/2024 16:30

It will automatically go into your linked bank account.

OneSharpGoose · 06/07/2024 19:31

CurleyMango · 06/07/2024 16:30

It will automatically go into your linked bank account.

Thankyou for your answer. I don't bank online so I'll check it out next visit to a cash machine ! Thanks again

OP posts:
Snappyteabread · 12/07/2024 12:55

OneSharpGoose · 06/07/2024 14:56

I have £50,000 in premium bonds ( I know it could be better placed but it's where I want it to be). I started with less than that but have been automatically reinvesting winnings over the years to reach the maximum allowed. What's happens if I win now I have the max allowed? Do they automatically put it into my bank account/ send me a cheque or not pay out?

You can check in your profile if you have it set to be paid as a cheque or paid into bank account.

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