read the T and Cs

Zanderman

born_again said:

Zanderman said:

lidl_1 said:

many thanks all replies
I have NOT applied or had any problems when opening any accounts, because having read the T and Cs I make certain in advance that I am eligible and comply

I was not aware that existing account would remain open and active until ALL requirements of new bank had been met.
that does alleviate this problem

It stays open until you want it to close.  You set the date for the switch..

Which a bank can/will override if they want further ID details to open the account. 

If you say so!

But the point is that the switch cannot even begin until the day the customer choses. - so the OP's concern that a switch could complete before the new account is available is misplaced. The OP would be choosing the date and should choose one suitable for their needs.  If the bank changes that date then it can only be to a later date, which would not lead to the problem the OP imagines.

(having said that one of my switches a year or so ago, was started and completely prematurely, But the bank admitted error on that)