switching direct debits to new bank but not closing old account

tracey97

I was considering moving my bills and direct debits account to halifax from lloyds. Halifax is near home so I can pay cash in easily. However their switch deal requires that I close my current account at Lloyds. I dont want to do this as there are things I want to keep separate such as shopping, paypal etc. The halifax would be just to pay an amount into at the beginning of the month to pay that months. So I will probably miss out on the £100 offer as I wont be closing my lloyds account, but I am wondering if they will still do the direct debit switching

grumbler

No, you'll have to switch them yourself.
Not that I really advocate missing out on £100 bonus + £40 cashback. Open a second account with Lloyd if you need it, then switch the old one.

YorkshireBoy

grumbler wrote: »

No, you'll have to switch them yourself.

Some providers still do partial switches, ie switches under the old method, but I'm not sure if Halifax do or not. Perhaps the OP could/should ask Halifax?


OP, with the CASS you have a guarantee, should anything go wrong. With a manual switch you don't!

Armorica

You need to ask for a partial switch (it's not quite the old method, but it's closer to than the full switch).

Essentially the DD/SO are moved; you don't get the guarantee and you don't get the redirection. It's personal choice as to whether you'd prefer to update all the DDs or get the banks to initate it with billers.

pinkdalek

You could get them to do a partial switch but in fairness it is probably easier and less stressful to move them yourself by contacting the company direct. You may even find some companies let you change direct debit details online.

Do what grumbler suggested, open a secondary current account with Lloyds, wait for your debit card to come then switch that one, you will still get £100.