M&S Bank switch - 2 active Direct Debits?

Jaxer

I'm in the process of applying for the M&S bank account.

I've just opened a new donor account to switch over and set up a couple of direct debits but they won't pay out before the switch goes through.

Does anyone know who's switched recently know if "active" direct debits means ones that have been physically paid in the last 12 months, or if the fact they're "live" is enough?

(I've had a search through the board but can't see anything recent on M&S)

datlex

When I switched to them I set up two new DDs to savings accounts. They had only had one payment when the switch occurred.

linuxpenguins

Live is active as far as I know. What if they are annual direct debits for instance? Still a Direct Debit. I think Active means 'Live' furthermore as they are new direct debits and should the day come that they are called upon, they will successfully be taken.

Or rather, when you switch, they will become 'Active' - Or so I have been led to believe. Someone more knowledgeable will be around shortly.

Just my thoughts on it.

Declan81

had direct debits with E.On, and NPower switched across when I switched accounts from Lloyds to M&S Bank.

NOw I've changed gas and electric suppliers. is it okay to have new Direct debits and cancel the old ones?

PRAISETHESUN

Declan81 wrote: »

had direct debits with E.On, and NPower switched across when I switched accounts from Lloyds to M&S Bank.

NOw I've changed gas and electric suppliers. is it okay to have new Direct debits and cancel the old ones?

You can change DDs as much as you want, you just need to have two/four active on the account at any one time in order to remain eligible for the £5/monthly top up for the gift card (depending on which T&Cs your switch offer falls under). If you don't want/care about the extra top ups and want to just take the £125 and run, then you can cancel the DDs once you've received the gift card.

soulsaver

To return to the OPs post: Best let the DDs draw before the switch date to be on the safe side.