current account switch not supported

timg147

hi all,
I tried a couple of months back to switch my current account from intelligent finance to first direct. I was told that intelligent finance was not part of the current account switch service. does anyone know if this is correct? as you may be aware intelligent finance is essentially being wound down and I am keen to switch but having to contact all my direct debit people etc manually to switch is an absolute pain.
any thoughts

Zanderman

Are they listed here?

https://www.currentaccountswitch.co.uk/banksandbuildingsocieties/Pages/banks.aspx

timg147

not directly but they are owned by bank of Scotland who are owned by lloyds

YorkshireBoy

I believe FD offer a partial switch service. This will have two issues though:

1. You won't get a switching incentive (if that was your plan), and
2. You've no protection if anything goes wrong with the DDs (like you have with a full switch using the CASS).

For that reason, I'd open the FD account and sort the DDs out myself.

timg147

my other thought was if any of lloyds group may be easier to switch to, again I probably wouldn't get any incentive payment

YorkshireBoy

timg147 wrote: »

my other thought was if any of lloyds group may be easier to switch to, again I probably wouldn't get any incentive payment

When N&P (like IF, not part of the CASS) withdrew their current account offering, some banks were paying a switching incentive for partial switches. From memory though, LBG weren't among them.

colsten

timg147 wrote: »

my other thought was if any of lloyds group may be easier to switch to, again I probably wouldn't get any incentive payment

If your goal is to get a switching bonus, just set up a donor account, and then switch that one. Repeat as often as necessary/desired.

timg147

hi Colsten , no all I want to do is switch to a bank that isn't essentially being wound down, with the minimum of hassle (not having to contact all my direct debit people etc individually etc). also ideally a bank with an app

alanq

timg147 wrote: »

all I want to do is switch to a bank that isn't essentially being wound down, with the minimum of hassle (not having to contact all my direct debit people etc individually etc). also ideally a bank with an app

Nationwide?
https://www.nationwide.co.uk/products/current-accounts/our-current-accounts/switch#manual-transfer

timg147

alanq superb just what I was looking for

YorkshireBoy

timg147 wrote: »

alanq superb just what I was looking for

Is it though? FD offer exactly the same service. Why did you originally decide on FD? What's changed since that decision?

But...and I say it again...switching this way can be a recipe for disaster, especially if you have a lot of DDs. And you must have a lot, otherwise you'd be happy to contact a couple or three yourself...at a time best suited to you. That way, you'd ask the originators (especially those for credit cards) at the optimum time in the statement cycle.

I'd strongly suggest making the arrangements yourself, rather than having Nationwide/FD et al 'post the form and forget'!

If your credit file is damaged as a result of a failed DD, you have absolutely no recourse if using a partial switch service.