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need to change a direct debit

I have a loan with Santander, formerly Cahoot. If I cancel my direct debit and pay them by bank transfer, would they then send out notification and new direct debit form?

Comments

  • ironlady2022
    ironlady2022 Posts: 1,545 Forumite
    Name Dropper Tenth Anniversary Combo Breaker 10 Posts
    Possiby, whay would you want to cancel the DD in the first place?
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    First Anniversary Combo Breaker First Post
    Nicky321 wrote: »
    If I cancel my direct debit and pay them by bank transfer, would they then send out notification and new direct debit form?

    No - they will probably just issue a threatening letter.

    If you want to vary the DD ...... just ring them up and they'll replace the Mandate electronically. Paper mandates aren't able to be filed anymore.
    If you want to test the depth of the water .........don't use both feet !
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