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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, The decision by NS&I announced on 17 September 2020 to pay all Premium Bonds prizes direct to customers\u2019 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.<\/p> Paying prizes directly to the customers bank account also reduces the proportion of Premium Bonds prizes from going unclaimed.<\/p>"}
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], "answer" : {"_about" : "http://data.parliament.uk/resources/1242530/answer", "answerText" : {"_value" : " The Skills Toolkit was announced in April 2020 and the cost of developing the platform in this financial year is £798,700. This includes the launch and the two subsequent expansions of the platform. A further £325,700 has been spent on communications activities to promote the platform.<\/p>nearly half a million<\/del> more than 750,000 <\/ins>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.<\/p>