Prize Bonds pay the value of the prize to the Bondholder(s)’ Bank Account by Electronic Funds Transfer (EFT*). Bondholder(s) will be notified of the prize by post with a prize notification letter and in addition customers registered for State Savings Online** will receive an online notification following the draw. *EFT is a facility where funds can be transferred electronically to your bank account. Please be careful when providing bank account details for EFT as if you enter the incorrect details (i.e., your IBAN and BIC) your payment might be delayed or credited to the wrong account which may result in a financial loss to you. **Get timely notifications of your prizes by registering for State Savings Online where you can receive online notification of any prizes on the day of the draw, and you can view details of any recent and previous prizes.