Bank switching cash going to creditor

Bassist316 Forumite Posts: 6 Forumite
Hi everyone,

I'm wanting to take advantage of all the incentives to switch current accounts (I'm also becoming increasingly frustrated with my own bank).

I have one creditor, which I pay by monthly standing order, and im wondering:

(a) will they be notified of my account switch;

(b) will they be entitled to the money banks pay you for switching accounts and;

(c) will they be entitled to any monthly payment that some banks pay - eg halifax £5 a month.

If it helps, I've no CCJ's and I've had been accepted for credit cards etc since engaging with the creditor back in 2013.


  • [Deleted User]
    [Deleted User] Posts: 35,242
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Yea, no, no.
  • elrdar
    elrdar Forumite Posts: 1 Newbie
    also love that we can have such vastly different opinions in this thread اسعار الدولار and that everyone is so respectful to each other. This kind of debating is yalla-shoot always يلاشوت so interesting ;)
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