tax credits- bank details

char22 · 9 August 2008 at 2:20PM

hiya,
I am going to change my bank datails with with tax credits,
has anyone got any experience with this? do i just phone them? will i end up weeks with no money? how long does it take to go into a new account?
sorry for all the questions , i'm just a worrier

many thanks
char

msmicawber · 9 August 2008 at 3:18PM

Hi char22. I've done it 2 or 3 times and have had no problems. I just rang them up each time and gave them my new details and had no break in payments.

char22 · 9 August 2008 at 5:02PM

excellent , thanks for your help :beer:

DreamerV · 9 August 2008 at 5:10PM

Hey just to advise you before you do it, you need the old (ie. current) details to change to the new bank details. So have both to hand. There typically won't be any problems with bank detail changeover, although can take a bit of time to do in some cases, meaning payments could still go to old account for a while....but even then, even if old account is closed, then that bank would send it back, and it would be reprofiled to the new account. Any major problems you would still be sent manual giro cheques.