NS&I has responded to a family who were sorting through their deceased mother’s finances when they realised she was missing some £300 in Premium Bonds winnings.
A member of the family, who used the name Jim Baker, contacted the provider over Twitter from the @SouthallConClub account.
He asked: “We have just received our late mother’s Premium Bonds payment in cash today thank you.
“We seem to be missing some wins (around £300) her account won whilst dealing with the estate.”
The provider said in response: “The prize payments will be sent separately in the post.”
An individual can put in a claim online to inherit the NS&I savings of a friend and loved one who has died, including their Premium Bonds and winnings.
Information on the NS&I website states: “Once we’ve been told of the customer’s death, any prizes won will be paid by warrant (like a cheque) to the person entitled to the money after we’ve completed the claim.
“We’ll hold on to any prizes the customer wins before then and send them once the claim is completed.
“Then we’ll send any future prizes won by warrant after each prize draw to the person entitled to the money.”
An individual putting in a claim to receive a deceased person’s NS&I savings will need to provide these details:
- The customer’s personal details (full name, address, date of birth, date and place of death)
- Full name of the executor(s) if there is a will, or the name of the administrators if there is no will
- The type of NS&I account(s) the customer held
- Details of the person who is making the claim
- Bank account details to pay the money into.
People with Premium Bonds are entered into a monthly prize draw with each £1 Bond having an equal chance of winning a prize.
Each prize draw has two £1million jackpot prizes and other large prizes including £100,000 and £50,000.
A person can check if they have any uncollected winnings using the prize checker tool on the NS&I website.
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