Current Account Switch - what about SEPA direct debits?

Clicker9180

I'm thinking of setting up a burner account to start earning money through Current Account Switching. Some of the bonuses are only paid out when some direct debits are moved as well. I wonder if this also applies to SEPA direct debits? 1. Will they be moved by the Current Account Switch and 2. do they count as direct debits for the purpose of getting the bonus?

Zanderman

Any direct debit, whoever it is to, will be moved when you use the switching service to switch the account it's paid from to another account.  Not sure why you'd think SEPA DD's would be somehow different? (SEPA? Scottish EPA?)

Edited, a second time, to add: ok, if it's SEPA Euro direct debit then my comment above may not apply!

Clicker9180

SEPA = Euro direct debit

https://en.wikipedia.org/wiki/Single_Euro_Payments_Area

The UK remains in SEPA even after Brexit, so it should be possible to pay a SEPA DD with a UK bank account, but I'm not sure if it "counts".

wmb194

Clicker9180 said:

I'm thinking of setting up a burner account to start earning money through Current Account Switching. Some of the bonuses are only paid out when some direct debits are moved as well. I wonder if this also applies to SEPA direct debits? 1. Will they be moved by the Current Account Switch and 2. do they count as direct debits for the purpose of getting the bonus?

It could be a problem e.g., Lloyds says, "

What happens if I change my bank?

You can't transfer SEPA Direct Debits between bank accounts. So if you close your account or open a new one, then you’ll need to set up your SEPA Direct Debits again.

First, check that your new bank offers this service. Then you’ll need to tell your payees. You'll need to fill in new Mandate Forms so that they can ask for payments from your new account.
Where can I find more information? 

Find out more about SEPA Direct Debits in the Personal Banking Terms and Conditions (PDF, 429kb)."

https://www.lloydsbank.com/online-banking/payments-and-transfers/international-payments/sepa-direct-debit.html#:~:text=The%20SEPA%20Direct%20Debit%20scheme,%2C%20Norway%2C%20Switzerland%20and%20Monaco.

Clicker9180

Thank you! It's probably the same for other banks then.

wmb194

Clicker9180 said:

Thank you! It's probably the same for other banks then.

Probably. I certainly wouldn't rely on them as a way to meet the terms of a switching incentive.