How to Buy Prize Bonds in Ireland (An Post, State Savings Online)

‍

Before You Buy: Getting Registered

‍

First things first, to buy almost any State Savings product, including Prize Bonds, you generally need to be registered as an Ireland State Savings Customer. This usually involves:  

1. Completing a 'New Customer Application Form' (available online or at Post Offices).
2. Providing proof of identity and address (like a passport/driving licence and utility bill/bank statement) and proof of your PPSN.
3. Submitting these documents either by post or at your local Post Office.

Once approved, you'll receive a State Savings Customer Number (SSCN), which you'll need for future purchases. This initial registration process can take a few days.  

‍

Method 1: Buying Prize Bonds Online via State Savings

‍

Once you're a registered customer, buying Prize Bonds online is straightforward:

1. Visit the State Savings website (www.statesavings.ie).  
2. Log in to your Ireland State Savings Online account using your SSCN or PPSN and other security details.
3. Navigate to the purchase section for Prize Bonds.
4. Enter the amount you wish to purchase (minimum €25).
5. Pay using an Irish Debit Card.

Comparison Point: While convenient for registered users, this process involves prior registration steps and online payment is typically limited to debit cards. For those seeking an even faster setup, app-based alternatives like Qache are designed for quick mobile onboarding, often taking just minutes to register and make an initial deposit using either a card or a bank transfer directly within the app.

‍

Method 2: Buying Prize Bonds at An Post

‍

You can also buy Prize Bonds Ireland in person:

1. Visit any An Post Office.
2. If you're not already registered, you'll likely need to complete the New Customer Application process there (bring your ID, proof of address, PPSN proof).
3. If registered, you can complete a purchase application form.
4. Specify the amount (minimum €25).
5. Pay at the counter (typically accepts cash and debit cards).

• Comparison Point: Buying via An Post prize bonds is a reliable method, but it does require an in-person visit. If getting to a Post Office is inconvenient, app-based options like Qache allow you to sign up and start saving entirely from your phone, wherever you are.

Other Methods

• By Post: Download an application form, complete it, and send it via Freepost.
• Direct Debit: Set up a monthly purchase via Direct Debit using a mandate form (requires being an existing customer and providing bank details).  

‍

Key Differences to Consider When Buying

‍

When deciding how to start with prize-linked savings, consider these points:

• Sign-up Speed & Convenience: Setting up for Prize Bonds involves an initial registration process that can take time. Purchasing then requires logging in online or visiting An Post. App-first alternatives like Qache are often built for speed, allowing registration and first deposit within minutes directly on your phone.
• Minimum Amount: Prize Bonds require a €25 minimum purchase. Qache allows you to start saving and be eligible for prizes with just €5, making it easier to test out the platform.  
• Payment Flexibility: Prize Bonds online purchases primarily use Debit Cards. An Post accepts cash/debit. Qache offers both card payments and bank transfers directly within the app for funding your account.  

‍

‍

‍

Conclusion: Choosing How You Buy

‍

Whether you choose buying prize bonds online through State Savings or visiting An Post, these are the established ways to purchase traditional Irish Prize Bonds. They offer state-backed security and the chance for significant tax-free wins.  

However, if your priority is a quick setup, lower starting minimum, flexible payment options, and the convenience of managing everything within an app, exploring modern prize-linked savings alternatives like Qache provides a different route worth considering.

‍