DMP = new bank account

continualdiamond

After some advice please.

Just got a letter from Natwest saying my application was successful and my new current account is open. (a bank account with no OD :j )

Should i now take all my money out of my Lloydstsb account and put it into my new one? Can i do this without having received my cashcard and pin or do i have to wait for this?

Also as my Lloydstb account is going on my DMP, im guessing i should down grade my account. Its a platinum account, charged at £15 a month, no point in keeping it at that right as i won't be using it at all.

davek1

i agree change the acount at lloyds quick. Draw any money out of LLoyds and put it in Nationwide. You should only need your account number for them to accept a payment over the counter.

rayday2

I agree with above it is better your money being in a new account where you may not be able to access it for a couple of days than left in Lloyds.

Have to warn you though but don't worry too much it takes Lloyds ages to accept payments on a DMP for bank accounts! They were much better with credit cards though! In the end I complained and got some interest back.

cuemix

I have to change my bank account ready for when I start my DMP (nothing signed yet) will it have to be one of the basic current accounts out there or can I go ahead and try get one of the premier accounts like at the A&L?