Switch process and Direct Debit overlap?

Lewis7498

So I’m thinking I may of messed up a tad as I have my first switch going through with lloyds from starling and it is to complete on 22nd (next tues) but I have 2 direct debits coming out tomorrow?!

Do you think this is ok or will it mess the system up? It’s only Plum and Moneybox transferring a small amount from my own account to this one so I have ‘direct debits’ on the switch….

eskbanker

That shouldn't cause any issues, as DDs will continue to be taken from the old account up to the switch date, and then from the new one thereafter, i.e. there isn't some sort of moratorium lasting a whole week, although it's generally best not to be setting up any new mandates during that period.  Always sensible to keep an eye on such things throughout anyway though....

badger09

It should be fine. 

DDs are typically ‘called’ (ie process started by the receiving bank/company) a few working days before the due date, so will already be underway. 

Bridlington1

I am living proof of the fact that it will be fine. The DDs will be taken from your old account tomorrow.

phillw

I would tend to set the DD to all come out the same time of the month and set switch dates with enough time to avoid the week before and after

I've had DD fail due to a switch occurring at the same time as a DD is due to come out. The switch and DD guarantee is supposed to apply, but you can end up losing time on phone calls.

Nothing you can do now but login to your old bank to make sure they go out.