Will Standing order to Closed Lloyds account bounce back?

Sea_Shell

Recently had 2 Lloyds Reg Savers mature, accounts emptied and closed.

Silly me forgot to a) only set up the S/O for 12 payments, and then b) forgot to cancel the S/O completely.

So Lloyds are showing 2 x 250 going to closed accounts.

Will this just bounce back automatically, or do I need to ring them??

badger09

Sea_Shell wrote: »

Recently had 2 Lloyds Reg Savers mature, accounts emptied and closed.

Silly me forgot to a) only set up the S/O for 12 payments, and then b) forgot to cancel the S/O completely.

So Lloyds are showing 2 x 250 going to closed accounts.

Will this just bounce back automatically, or do I need to ring them??

I'm sure they will bounce back automatically. If they haven't appeared in the originating account tomorrow I would ring Lloyds.

Did you definitely close them. The RS accounts automatically mature into some easy access account with the same account number but I think Lloyds have recently made it easier to close them online.

Sea_Shell

Yep, closed completely on line. Will check on line later this afternoon, as hopefully the money will have reappeared!

Ed-1

Sea_Shell wrote: »

Yep, closed completely on line. Will check on line later this afternoon, as hopefully the money will have reappeared!

Wait a couple of days and the money will reappear in your current account and there'll be a letter in your inbox saying they've transferred the money back.

I've forgot before.

Sea_Shell

Just checked, and yes, they have both bounced back. Phew. (no message though)

Hopefully won't make that mistake again!!!

Cheers