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[Finance] Premium Bonds - prize pool increased again - you ever have any luck?
- Thread starter Mustafa II
- Start date
Marshy
Well-known member
£325 this month 
Gets my Xmas sorted
Gets my Xmas sorted
I’ve had £200 in PB, WON £100 last year and left it in so not so bad I suppose
I received a 'reverse Uncle Ernie' in the post.
What do I mean by that?
Well, over 20 years ago, I held a couple of thousand Premium Bonds, bought over the Post Office counter - the old-fashioned way.
In recent time, I have purchased them online and reached the maximum permitted holding in Jan this year.
It did surprise me that I actually now held £2K over the maximum amount, and assumed it was because they were purchased many years previously.
Now, back to the 'reverse Ernie':
A letter arrived yesterday, pointing out that 'they' had only just discovered I was over the limit, since January, so they would be refunding my original £2k back into my bank account.
No problem with that.....apart from the fact that one of my 'ineligible' Bonds won a £100 prize, back in May this year - I remember the unexpected cheque in the post - so 'they' have deducted said prize of £100 from the amount 'they' will be returning to my bank.
Probably technically correct, but given 'they' apologised for their error, it seems a tad harsh.
Oh well, imagine if it been a £1M win
What do I mean by that?
Well, over 20 years ago, I held a couple of thousand Premium Bonds, bought over the Post Office counter - the old-fashioned way.
In recent time, I have purchased them online and reached the maximum permitted holding in Jan this year.
It did surprise me that I actually now held £2K over the maximum amount, and assumed it was because they were purchased many years previously.
Now, back to the 'reverse Ernie':
A letter arrived yesterday, pointing out that 'they' had only just discovered I was over the limit, since January, so they would be refunding my original £2k back into my bank account.
No problem with that.....apart from the fact that one of my 'ineligible' Bonds won a £100 prize, back in May this year - I remember the unexpected cheque in the post - so 'they' have deducted said prize of £100 from the amount 'they' will be returning to my bank.
Probably technically correct, but given 'they' apologised for their error, it seems a tad harsh.
Oh well, imagine if it been a £1M win
Interesting……….so they have T&C that states its ‘first in first out’ if you inadvertently go over the limit ? If not, could argue that your most recent 2k invested should be returned and the original 2k remains invested and eligible for a prize.I received a 'reverse Uncle Ernie' in the post.
What do I mean by that?
Well, over 20 years ago, I held a couple of thousand Premium Bonds, bought over the Post Office counter - the old-fashioned way.
In recent time, I have purchased them online and reached the maximum permitted holding in Jan this year.
It did surprise me that I actually now held £2K over the maximum amount, and assumed it was because they were purchased many years previously.
Now, back to the 'reverse Ernie':
A letter arrived yesterday, pointing out that 'they' had only just discovered I was over the limit, since January, so they would be refunding my original £2k back into my bank account.
No problem with that.....apart from the fact that one of my 'ineligible' Bonds won a £100 prize, back in May this year - I remember the unexpected cheque in the post - so 'they' have deducted said prize of £100 from the amount 'they' will be returning to my bank.
Probably technically correct, but given 'they' apologised for their error, it seems a tad harsh.
Oh well, imagine if it been a £1M win
I had £5 returned a while back as I‘d completely forgotten about something that was (I think) a gift from my grandparents about 45 years ago when I maxed out
