Outstanding debt when switching bank accounts

ryan121

I'm switching to a different bank on the 10th but I have a fee for an overdraft coming out on the 13th. Does anyone know what happens in this situation? Obviously, I will pay it straight away but I don't want any damage to my credit rating.

I have paid off the overdraft so the fee is only £2 but I also have a monthly fee of £1 as I have a 123 lite account with santander.

Reading the current account switch guarantee it just says if you have any outstanding fees your old bank will tell you but I presume closing a bank account with outstanding fees isn't going to be good for your credit rating.

enthusiasticsaver

I would have thought the fees would have been taken on closure but to be sure why not give Santander a ring and double check?

jonesMUFCforever

Any charges due on date of closure will be debited prior to balance being sent over to new bank.

ryan121

Yeah, that's what I thought, they would just take anything they are owed from my balance before they transfer it to my new account.

I will just wait to Wednesday and see what happens. Just thought someone might have gone through the same thing and wanted to know what happened to them.