Changing Banks - Transfer Arrangements

RHP485

I am thinking about moving bank accounts from Santander to another bank offering money to transfer to them.

I am aware that the new bank will arrange the transfer of direct debits to the new account.

What I need to know is what happens to the regular payments I receive into my current account after the transfer has taken place? I have had conflicting information about this!

In Martins latest information email it suggests that payments into my current account will be transferred to my new account for 3 years?

Does anyone have first hand experience or no the correct answer to this question?

[Deleted User]

They will forward over.

But it's down to you to update them with your new bank details in the long term

Brewer20

As above as I understand it, there should be no worries as it's all taken care of.

18cc

Yes the only thing I would add is although the direct debits will be transferred over keep an eye and check that they are otherwise you might find one or two are not and you will be missing payments and getting nasty letters!

PRAISETHESUN

Switching using CASS will transfer all payments in/out to your new account (SOs, DDs, etc), with the exception of CPA which are tired to your debit card and will be required to be transferred manually. As for receiving payments to your old account, banks will automatically forward payments sent to your old sort code/account number indefinitely, although some banks will stop doing this if no payments are required to be forwarded for 3 years (ie. if no money gets sent to your old account for 3 years then they will assume you no longer need the forwarding service and stop doing it). In the long run you will need to contact any organisations/people who are sending you money and request to update your details, if your bank doesn't do this on your behalf.