Follow the steps to successfully complete the form online.

1. Click 'Get Form' button to obtain the form and open it in the editor. This action allows you to access the application for completion.
2. Begin by filling out the 'Initial deposit amount' section, ensuring to write in BLACK CAPITAL LETTERS inside the boxes. The minimum amount required is £500 and the maximum is £1 million per person.
3. Indicate if you already hold Income Bonds in this trust. If you wish to deposit more money into an existing account, you must utilize the simpler Income Bonds deposit form instead.
4. In section 2, select your method of payment: pay by cheque or transfer from another NS&I account. If paying by cheque, provide the account details from which the cheque is drawn, including the account holder's name and account number.
5. If switching from an NS&I account, specify the type of account you are switching from, and provide the necessary account details, including the sort code and account number.
6. Complete section 3a with the first trustee's details. Ensure to include their NS&I number if applicable, date of birth, name, address, and contact information.
7. Continue to section 3b for the first trustee's previous address if they have lived at their current address for less than three months.
8. In section 4a, provide information for the second trustee (if applicable), filling out their personal details similarly to the first trustee.
9. Complete section 5 with the Trust title and purpose, stating the aim of the trust such as tax planning, provision for dependants, etc.
10. Fill out section 6a with the beneficiary's details, including their date of birth and contact information, and state whether there is more than one beneficiary.
11. In section 7a, provide the settlor’s details, including the source of funds for the investment. Also, complete section 7b if the settlor has lived at a different address recently.
12. In section 8, provide the nominated bank or building society account details for income payments and withdrawals. Ensure all information is accurate to avoid payment issues.
13. Gather signatures from all trustees in the last section, being cautious with bank details to prevent financial loss. Mark any marketing preferences before completing the application.
14. Once you have verified all sections, save your changes, download the completed form, print it, or share it as necessary.

Complete your UK NS&I IB 1384 application form online today to open your Income Bonds account.