Boost Your Bonds With NS&I - Quick Top-Up!

NS&I introduced a new payment method for variable rate accounts like Premium Bonds. This method will provide enhanced security and ease of use.

NS&I is introducing a new way to make payment. There are three different methods available. Customers can choose how they want to pay. The new method is called 'Pay by bank account'. It will be available in the next few weeks.

It's possible to top up easy-access variable rate accounts like Premium Bonds, Direct Saver, Direct ISA, Income Bonds and Junior ISA online. Customers can make payments through bank transfer or debit card.

NS&I said they have 22.9 million variable customers. Only six million can manage their accounts online.

After logging in to their NS&I account, customers can choose 'Pay by bank account'. They'll then be taken to Ecospend and asked to choose their bank or building society.

The customer's NS&I account details are already put in and the user just has to agree to the payment before going back to nsandi.com.

Some banks and building societies use Pay by bank account as a quick, easy, and secure way to ensure correct details are added. However, not all institutions use this technology, as noted in the list provided.

You can use bank account to pay HMRC, credit card bills, and donate online to charities. This is already an available option for self-assessment payments.

Pay by bank account is a free service. But, different companies have different limits. These limits range from £10,000 to £50,000.

NS&I said that online users can still pay through bank transfer or debit card. Those who can't transact online can contact customer service and use their debit card to add funds to their savings accounts.

NS&I CEO, Dax Harkins, is happy to provide customers with advanced banking technology to add money to their easy-access savings accounts. Pay by bank account will be available for customers with major UK banks and building societies in the following weeks. They can easily transfer funds into their NS&I variable savings accounts.

Many banks offer online services. Some of these include Alpha FX, Bank of Ireland, Barclays, HSBC, Lloyds, Monzo, NatWest, Royal Bank of Scotland, Santander, Starling and more. These services can allow customers to manage their accounts, access statements, transfer money and more. Some banks also offer mobile banking apps.