How to set up a DD between two banks

kim_kat

Hi,

I'm sorry in advance for the basic question, but I have no idea when it comes to banking!

I have a current account with Santander, and an ISA with Nationwide. I'd like to set you a Direct Debit from Santander to Nationwide, but how do I arrange this??

Also, I'm looking into switching my current account to another bank- will I need to set up the DD again, or can I just transfer that over too?

Thanks!

CLAPTON

presumably you want to transfer money from sntander to your ISA?

if you want a DD then you need to ask nationwide to set it up assuming they allow such transfers

otherwise set up a standing order on your santander a/c to the ISA

jonesMUFCforever

Or go into Santander and set up a standing order into the ISA - you will need the Nationwide's sort code and account number and if necessary a roll/reference number.
This can also be done by using Internet banking.

pqrdef

Actually Nationwide may not support any species of BACS transfer to your ISA. Some of their ISAs are passbook-only, and the online ones tend to want you to have a Nationwide current account and move money through that.

noh

You can pay into the Nationwide online ISA via SO, from an external account, although you need to have an existing card account to open one.
Details in the user guide.
http://www.nationwide.co.uk/NR/rdonlyres/21D72EF7-F5BE-4E26-86A4-CEC6DC07136C/0/P1036_V2onlineisa1Jul11.pdf