Written question asked by Lord Tebbit (Conservative) on Wednesday, 8 January 2020, in the House of Lords. It was due for an answer on Wednesday, 22 January 2020. It was answered by Earl of Courtown (Conservative) on Friday, 17 January 2020 on behalf of the Treasury.
National Savings and Investments
- Question
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To ask Her Majesty's Government on what grounds, and on whose authority, the National Savings and Investments Agency makes a decision to dishonour a cheque.
- Answer
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National Savings and Investments (NS&I) comply with the law relating to cheques. There are several circumstances in which NS&I would reject a cheque. These include the cheque being unsigned by the customer, out of date, or defaced. The Director of Savings, who is also the Chief Executive Officer of NS&I, is the authority responsible for administering this policy.
Premium Bond prize warrants are legally similar to cheques. As with cheques, they can be rejected if a duplicate has been issued. Due to an administrative error, a number of duplicate Premium Bond prize warrants were issued to customers in the October 2019 prize draw. NS&I have since updated their processes to prevent this error occurring in future prize draws.
Secondary information
- Type
- Written question
- Reference
- HL238
- Session
- 2019-21
- Subjects
- Cheques National Savings and Investments
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-11-03 14:39:42 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2019-21/HL238
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2019-21/HL238
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2019-21/HL238