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Switching Current Banks Accounts
tbarson1
Posts: 72 Forumite
Hi,
I want to switch from Nationwide to another bank as my current account. For 7 day switching I can see that they switch all direct debits and payments for you. With Nationwide I have a small personal loan. If I switch bank accounts the loan will still be with Nationwide but how will I pay them their monthly payment? Will me new bank sort this?
I want to switch from Nationwide to another bank as my current account. For 7 day switching I can see that they switch all direct debits and payments for you. With Nationwide I have a small personal loan. If I switch bank accounts the loan will still be with Nationwide but how will I pay them their monthly payment? Will me new bank sort this?
0
Comments
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"For 7 day switching I can see that they switch all direct debits and payments for you"
there is your answer then. Assuming your payment to the NW loan, is from your NW current a/c, you need to do nothing, just switch. Direct debit from new bank, pays NW loan.
Dont forget to go for a Bank that pays an incentive/bung0
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