Q on co-op cashminder plz

worriedsik

Hi
I have the forms from the co-op to transfer my DD iam filling it in now and hopefully posting it today
Its been sitting on my table and i have been staring at it for a week , i have been stalling closing down my bank account with the branch i have been with since leaving school ( a long time ago ) and its scary
now that the biggest DD have came off on the 1st ie electric etc i think now is a good time
How long will the transfer off my DD take ? worried incase its not all done before they are due to be paid again
On the form there is 2 options to tick , to either close old acount down and transfer DD or not to close it down ?

oh god iam just panicking


thanks

worriedsik

also......online now at my bank and wondering if i should cancell/delete the DD that i will no longer be using ie..T.mobile contract & two credit cards i have never misses any payments to any off my creditors but will have to transfer my benefits too , to be paid into my cashminder acount.
Also have an overdraft of 2,000

just need guided through this i think i know what iam doing but need reasurance as to the correct procedure

peachyprice

To be honest you're better off changing the DD's over yourself, all you have to do is phone the people whos DD's you want to carry on paying and give them your new bank account details.

These DD switching services have a nasty habit of going wrong with DD's being missed and not changed over, leaving you in a right pickle. Even the lady in our Co-op branch told us not to bother with it.

The first things you should do is give your new details to all the people paying money into your account.

worriedsik

peachyprice wrote: »

To be honest you're better off changing the DD's over yourself, all you have to do is phone the people whos DD's you want to carry on paying and give them your new bank account details.

These DD switching services have a nasty habit of going wrong with DD's being missed and not changed over, leaving you in a right pickle. Even the lady in our Co-op branch told us not to bother with it.

The first things you should do is give your new details to all the people paying money into your account.

Thankyou that makes better sence
Also.......do i close the old bank acount myself or do i just leave it hanging iam in overdraft ?
Sending my LILLA form off on the 7th sept when my income will be halved

philnicandamy

Leave it...they'll not let you close while in debt balance anyhow...it'll be included in your LILA anyhow so let the AIB worry about it instead of you

worriedsik

Thanks again
feel sick about it all i guess that will be one less thing to worry about