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Do direct debits need to have been paid out before I can switch?
Aviendha
Posts: 32 Forumite
I set up a Monzo account to use as a burner account and I've set up 2 direct debits but the payments won't go out for another 4 weeks. Do I need to wait until these are paid out before I can switch to another account, or is it sufficient that they've been set up and are showing on my account?
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Comments
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As long as they're showing on your account you can switch.2
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So long as they're active you should be fine, Nationwide paid my bonus as soon as I switched and I had the 2 DD on there - one was paid, then I moved it to the donor account and it wasn't taken again until after I had completed the switch to the new account and after the bonus was paid
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