NS&I Alters Premium Bonds Payment Plan
NS&I has announced payment changes before June 2023 Premium Bonds draw. Let's see what it is.
NS&I will soon launch a new payment method before the June draw. Customers can use it to top up their Premium Bonds and other savings accounts easily.
Customers will see "Pay by bank account" as a new payment option. It's quick, easy, and secure according to NS&I. You can use it to top up your savings online.
The new system will be introduced slowly to customers with certain accounts. These accounts include Premium Bonds, Direct Saver, Direct ISA, Income Bonds, and Junior ISA.
Savings providers approved by the government are providing a new feature now. Customers can easily transfer funds who currently use online banking. Customers don't need to fill in their details; everything will be filled out automatically. The money will reach their account smoothly.
Customers will go to Ecospend for the new feature. Their payment bank can be chosen. After that, they will confirm the payment in a secure transfer.
"You don't have to do anything. Pay by bank account will show up. If you can't pay online, you can still use the phone."
The Chief Executive of NS&I, Dax Harkins, said he is happy that the company can give their customers the advantages of new banking technology for adding funds to their easy-access savings accounts.
UK bank customers can easily transfer money into their NS&I savings accounts soon. The way to do this is via Pay by bank account feature. The company plans to introduce this feature in stages in the upcoming weeks.
