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Best time to change Direct Debit?
r2015
Posts: 1,136
Forumite
in Credit cards
I currently pay my credit card IN FULL by direct debit every month but will be switching the direct debit to my Reward account because of Tesco ending their DDs to savings accounts.
When should I change the direct debit;
just before my statement date or just after the the direct debit is taken?
When should I change the direct debit;
just before my statement date or just after the the direct debit is taken?
over 73 but not over the hill.
0
Comments
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Just after the next DD is taken, but make sure you make the next payment manually, in case the change is not made in time.0
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Deleted_User wrote: »Just after the next DD is taken, but make sure you make the next payment manually, in case the change is not made in time.
If it's a Barclaycard and you change the DD online, they tell you whether you've made the change in time for the next payment.0 -
Definitly after payment has been taken unless you do a manual payment0
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I intend doing exactly the same - I will be doing it the day after my DD has left.I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
You don't have to be the best -
Just be better than you were yesterday.0 -
Whenever you want, just tell the supplier when you want the change from...?!0
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I changed my Virgin DD after the statement date. The DD is showing on the bank account, removed from the old account and is showing the new bank details and the next DD date as 5th Dec in the Virgin account manage DD section.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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After payment is taken and before the next statement date.. and it should work... but keep an eye on it.0
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