John Glen corrected a written answer on National Savings and Investments: Cheques

4 January 2021 · Commons written answer · Treasury

Anneliese Dodds (Labour, Oxford East) asked written question 128253 on 10 December 2020. John Glen answered on 15 December 2020 for the Treasury, and John Glen corrected the answer on 4 January 2021. The corrected text adds the figure 750,000, which the original did not give. Altogether 7 words differ between the two versions.

The question

To ask the Chancellor of the Exchequer, if he will place in the Library the NS&I policy on sending paper prize warrants to its customers.

Original and corrected answer

Struck through: original only. Bold: correction only.

Original	Corrected
Since 2011, Premium Bonds holders have been able to have their prizes paid directly into a UK bank account in their name. Since March 2020, ~~nearly half a million~~ customers have switched from receiving paper warrants (cheques) to having their prizes paid directly into their bank account or automatically reinvested. As of December 2020, 82.5% of Premium Bonds prizes were either paid directly into a UK bank account or reinvested back into Premium Bonds. The decision by NS&I announced on 17 September 2020 to pay all Premium Bonds prizes direct to customers’ bank accounts was informed by changing customer behaviours. It will make managing Premium Bonds prize distribution quicker, more cost-effective and have a much lower environmental impact. Paying prizes directly to the customers bank account also reduces the proportion of Premium Bonds prizes from going unclaimed.	Since 2011, Premium Bonds holders have been able to have their prizes paid directly into a UK bank account in their name. Since March 2020, more than 750,000 customers have switched from receiving paper warrants (cheques) to having their prizes paid directly into their bank account or automatically reinvested. As of December 2020, 82.5% of Premium Bonds prizes were either paid directly into a UK bank account or reinvested back into Premium Bonds. The decision by NS&I announced on 17 September 2020 to pay all Premium Bonds prizes direct to customers’ bank accounts was informed by changing customer behaviours. It will make managing Premium Bonds prize distribution quicker, more cost-effective and have a much lower environmental impact. Paying prizes directly to the customers bank account also reduces the proportion of Premium Bonds prizes from going unclaimed.

Original

Corrected

Since 2011, Premium Bonds holders have been able to have their prizes paid directly into a UK bank account in their name. Since March 2020, ~~nearly half a million~~ customers have switched from receiving paper warrants (cheques) to having their prizes paid directly into their bank account or automatically reinvested. As of December 2020, 82.5% of Premium Bonds prizes were either paid directly into a UK bank account or reinvested back into Premium Bonds.
The decision by NS&I announced on 17 September 2020 to pay all Premium Bonds prizes direct to customers’ bank accounts was informed by changing customer behaviours. It will make managing Premium Bonds prize distribution quicker, more cost-effective and have a much lower environmental impact.
Paying prizes directly to the customers bank account also reduces the proportion of Premium Bonds prizes from going unclaimed.

Since 2011, Premium Bonds holders have been able to have their prizes paid directly into a UK bank account in their name. Since March 2020, more than 750,000 customers have switched from receiving paper warrants (cheques) to having their prizes paid directly into their bank account or automatically reinvested. As of December 2020, 82.5% of Premium Bonds prizes were either paid directly into a UK bank account or reinvested back into Premium Bonds.
The decision by NS&I announced on 17 September 2020 to pay all Premium Bonds prizes direct to customers’ bank accounts was informed by changing customer behaviours. It will make managing Premium Bonds prize distribution quicker, more cost-effective and have a much lower environmental impact.
Paying prizes directly to the customers bank account also reduces the proportion of Premium Bonds prizes from going unclaimed.

The question and answer on the Parliament website.

Receipt

Read from	https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1260410?expandMember=true
Date read	15 October 2026
SHA-256	`b207a65af8bc4f1770419c08e9d3cc5ac0322b024c098d611b0b2de3e3dae136`