Money Paid To Closed Bank Account But Used Switch Guarantee

YorkshireBoy

alanwsg wrote: »

The bigger problem is knowing which payments came via that route so you can alert people who are still making payments to the old account.

That's supposed to happen automatically under the CASS. But probably best not to rely on it though!

pmjenkins

alanwsg wrote: »

The bigger problem is knowing which payments came via that route so you can alert people who are still making payments to the old account. There's no indication that the re-direction has happened in the 123 statement.

I agree! It's all very well transparently re-directing payments to the new account but there should be some sort of indication on the bank statement or via a separate report highlighting which payments must be corrected before the 13 months is up.

I've only recently switched so I don't know what, if anything, would happen after 13 months....

anotheruser

ChopperST wrote: »

The bank account IS closed and IS lost somewhere how on earth is that click baiting?

No, your funds are being re-directed... as you stated.
The only question you asked is how long they would take to reach your new account, which is what the thread title should have been.

The thread title does make it sound like the money has not been re-directed and is now lost between the dividend company and your old bank.

callum9999 wrote: »

The thread title describes exactly what happened...

Yes, but I am sure you can appreciate there is a significant difference between: "Car smashed while parked" and "Car scratched while parked". The thread title is suggesting something more sinister... just a poor use of wording I guess.