Switched accounts. Who needs to know?

I have just switched our current account. All went smoothly, bonus received. There seems to be conflicting info on who needs to be told.
I thought the switching procedure took care of all regular payments in and out, DD and SO but among the instructions our new bank provided it said we should inform our pension providers. Is that correct?
Also we receive quarterly FIT payments from Scottish Power, and dividend payments from a share holding. Should I contact them?

Comments

  • Daliah
    Daliah Posts: 3,792 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    Although it is supposed to sort itself without any actions from your side, it's always a good idea to inform anyone who sends you regular payments. Belts & braces.
  • Employer , mortgage company / letting agent , gas electric company’s , people like that need your new bank details 😊
  • I would be primarily concerned with credits; these will be redirected automatically.
    Check your Direct Debits are setup but those who want money from you will in touch if they have issues.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.8K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 453K Spending & Discounts
  • 242.7K Work, Benefits & Business
  • 619.4K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.