We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Safe account
TheDebtFretter
Posts: 9 Forumite
Good evening all
I have been advised to ask my question here from the Debtfree Wannabee....
I am at the very beginning of a DMP journey having just opened a safe bank account today. My question is if I use CASS to switch, will the overdraft from my existing bank transfer to the new account? The new bank account has no overdraft facility.......
Many thanks
I have been advised to ask my question here from the Debtfree Wannabee....
I am at the very beginning of a DMP journey having just opened a safe bank account today. My question is if I use CASS to switch, will the overdraft from my existing bank transfer to the new account? The new bank account has no overdraft facility.......
Many thanks
0
Comments
-
If you wish to switch an overdrawn account via CASS, you have to find the money from somewhere to pay off the overdraft first - that doesn't necessarily need to be an overdraft on the new account but you'd need to find it from somewhere.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards