Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of introducing new methods for expatriates to receive access to premium bond earnings without a UK bank account.

This question was answered on 3rd March 2025
National Savings & Investments (NS&I) can only make payments to, and receive payments from, a UK bank or building society account in pounds sterling. Therefore, to save with NS&I, customers must have a UK bank or building society account in their name. This policy ensures value for money for taxpayers and minimises the risk of fraud.