We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Credits to closed current accounts
General_Grant
Posts: 5,435 Forumite
What happens to payments (eg dividends) sent to a closed current account? Does the receiving bank return the payment to the originator, hold on to the funds, or forward to the customer's new account (if they have been advised of one)?
If they do not now forward to a new account, is that changing in September in that banks will be required to forward such payments?
Thanks.
If they do not now forward to a new account, is that changing in September in that banks will be required to forward such payments?
Thanks.
0
Comments
-
Almost certainly returned to sender if received electronically.
Yes payments will need to be sent on but only for a maximum of 13 months.
Is there a problem with advising the share registrars of your new account details?0 -
In the case of Halifax they reopen the account and send the account holder a new card :eek:What will your verse be?
R.I.P Robin Williams.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards