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Has anyone done a 'chain' of switches?
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Posts: 2,120 Forumite
Has anyone done a chain of switches using CASS. By this I mean having a current account A and then switching that to current account B, then switching that account B to a new account C, and so-on.
If so, has anyone then tried paying (say) £1 into the old (now closed) account A and see if it makes it through the chain to arrive at the last current account and how long it takes?
If so, has anyone then tried paying (say) £1 into the old (now closed) account A and see if it makes it through the chain to arrive at the last current account and how long it takes?
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Shouldn't you have posted this on the Banking board?0
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Yes, I've done thatHas anyone done a chain of switches using CASS. By this I mean having a current account A and then switching that to current account B, then switching that account B to a new account C, and so-on.
No, I've not done that. However, according the CASS guarantee, the payment made to current account A, should in theory, make it through the chain to arrive at current account C. I have not got a clue as to how long that would take.If so, has anyone then tried paying (say) £1 into the old (now closed) account A and see if it makes it through the chain to arrive at the last current account and how long it takes?
CASS guarantee:We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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Yes sorry thought I was in the Banking forum. Not sure how to move the thread...0
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Because the thought entertained me, I just sent £1 from my Monzo account to my old First Direct details. This account was switched from them to Halifax, then to the Co-op, then to TSB, then to Nationwide, then to NatWest, and then finally back to Nationwide, over the course of roughly the last three years.
It hit my Nationwide account less than a minute later.urs sinserly,
~~joosy jeezus~~0 -
I’ve done it and accidentally tested the chain when setting up a standing order to meet incentive criteria ��... took a couple of hours but did end up in the right account.Save £12k in 2019 #360
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Thanks JJ I am impressed!0
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If it's Bacs or FPS, then the redirect is central. It should go straight to your most recent account. It won't pass through your previous banks.0
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I felt like NatWest were almost guilt tripping me not to include my account I currently have with them in the chain switching..........
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