NS&I explains how to receive Premium Bonds prizes faster and 'more securely' as prize checker updated
NS&I has shared some details about this month's Premium Bonds prize winners
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NS&I has highlighted how Premium Bonds winners can get their prizes "faster and more securely" as millions of prizes remain unclaimed.
There are currently 2,399,977 unclaimed Premium Bonds prizes, worth a total of £83,367,525.
While NS&I does notify winners of the news if they have registered their contact details, there are instances where customers relocate or forget to update their contact details with NS&I.
This can lead to unclaimed prizes, particularly for people who opt to get their prizes via cheque rather than bank transfer.
NS&I said that to get prizes "faster and more securely", customers can opt for automatic bank deposits or reinvestment into more Premium Bonds.
This is how 90 per cent of prizes are paid to winners.
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"This is quicker and more secure than waiting for a cheque," NS&I said.
Customers can change their payment preferences online.
Savers can check for an unclaimed prize using NS&I's online prize checker or prize checker app.
The government-backed savings provider updated the prize checker tool with May 2024's prize draw results yesterday.
This month, the two jackpot winners were from Hampshire and Outer London.
NS&I shared some details about unclaimed prizes in the two areas, warning there are 63,780 prizes worth £2,104,350 that are yet to be claimed in Hampshire.
In Outer London, there are 222,004 unclaimed prizes worth £7,746,975.
To use the Premium Bonds prize checker on the website, NS&I will need to have their Premium Bonds holder's number to hand.
People using the NS&I prize checker app will need to have their NS&I number or holder's number.
Those who have the NS&I prize checker skill enabled on their Amazon Alexa can also check via this route.
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People using the NS&I prize checker app will need to have their NS&I number or holder's number
NS&I
Andrew Westhead, NS&I Retail Director, said: “Congratulations to our two new millionaires from Hampshire and Outer London.
"We’re glad that we can bring a smile to so many people each month with our tax-free prizes, ranging from £25 up to £1 million.
“This year we celebrate thirty years since ERNIE drew our first ever millionaire. The total prize pot for May was more than £453 million with over 5.8 million prizes being drawn.
"Each £1 Bond has an equal chance of winning so the more you save the more chances you have to win a tax-free prize.”
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