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How long can you have an account open before switching to another bank?

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Just wondering how this apply and switch bank transfer works? How long can you have one basic current account open before you switch and transfer to another bank?

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  • worried_jim
    worried_jim Posts: 11,631 Forumite
    10,000 Posts Combo Breaker
    The next day if you want.
  • So all you would need are direct debits and money going in to be qualify for switching to use another bank/account and then this account closes?
  • worried_jim
    worried_jim Posts: 11,631 Forumite
    10,000 Posts Combo Breaker
    You can open as many bank accounts as you like, when you like. It will get to a point when banks start to think something is a bit suspicious. The account will stay open until you instruct the bank to close it.
  • MyOnlyPost
    MyOnlyPost Posts: 1,562 Forumite
    If your bank account has a debit card, some are compulsory others you can opt not to, you can't switch until you received it as surrendering the card (filling in the details on the switch form) is part of the process when done online
    It may sometimes seem like I can't spell, I can, I just can't type
  • JuicyJesus
    JuicyJesus Posts: 3,831 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    MyOnlyPost wrote: »
    If your bank account has a debit card, some are compulsory others you can opt not to, you can't switch until you received it as surrendering the card (filling in the details on the switch form) is part of the process when done online

    To expand on this, a debit card is a required part of the Current Account Switch Service and a switch can't be completed without having one on the switching account (it doesn't matter about the new account).

    As soon as you have the card you can switch the account. It's not so much about surrendering the card, it's a security check (one of several) so that someone with just your sort code and account number can't steal all your money.
    urs sinserly,
    ~~joosy jeezus~~
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