Help! Bank Account Switch Hacks for Keeping Saved Payment Details

Hastilow

Hi there, 

I’m about to do a bank account switch to cash in on an offer. I’ve only done it once before, way back in 2017. The reason I don’t do it more often is that I have so many saved banking contacts (child care providers, window cleaners, friends etc) that I dread having re-enter all that information. I’m a busy parent, working full time and it will be a lot of hassle and work acress and enter all those details again. 

I know the DDs and SO’s transfer over automatically. It’s the one off payments I’m thinking of - regular but not suitable for SO’s. 

So, does anyone know whether if I set up a 1p Standing Order to all the current payment contacts I want to keep, whether this will then transfer them over? And if so, if I then edit the SO in the new account, will the details still be saved? 

Any alternative suggestions very welcome - I’d love to start taking advantage of these bank account switches.

Thanks, 

H

Nasqueron

CASS moves all your payees over to the new bank according to their site

https://www.currentaccountswitch.co.uk/how-to-switch/

It would be easier to just record all the data in a spreadsheet than setting up standing orders

HillStreetBlues

Easy way is don't switch your main bank account. Open a second one and switch that, just make sure you read the T&Cs to gain the switch reward.

blue.peter

Nasqueron said:

It would be easier to just record all the data in a spreadsheet than setting up standing orders

You might find that you can download payee details as a CSV file, which would be easier still.

Zanderman

As Nasqueron says above, all payees should be moved in a CASS switch, so you shouldn't need to re-enter anything.

The only problem I've ever found is that the naming of the payee sometimes becomes inappropriate - for example an payee called 'Z-man Coop to Z-man HSBC' becomes a bit silly if the account is no longer Coop. But most names for transfers (e.g. 'Dave electrician') should be fine.

Zanderman

Wording from the CASS site: 

Your saved Payee details will also be transferred over. 

steven141

Zanderman said:

As Nasqueron says above, all payees should be moved in a CASS switch, so you shouldn't need to re-enter anything.

The only problem I've ever found is that the naming of the payee sometimes becomes inappropriate - for example an payee called 'Z-man Coop to Z-man HSBC' becomes a bit silly if the account is no longer Coop. But most names for transfers (e.g. 'Dave electrician') should be fine.

Most payees are named the acckunt holder's name these days to verify against the account.

Zanderman

steven141 said:

Zanderman said:

As Nasqueron says above, all payees should be moved in a CASS switch, so you shouldn't need to re-enter anything.

The only problem I've ever found is that the naming of the payee sometimes becomes inappropriate - for example an payee called 'Z-man Coop to Z-man HSBC' becomes a bit silly if the account is no longer Coop. But most names for transfers (e.g. 'Dave electrician') should be fine.

Most payees are named the acckunt holder's name these days to verify against the account.

The verified name on the account doesn't have to be the label name used for the payee. But, regardless of that, the OP's worry about having to re-enter them all is unfounded.

Hastilow

Dear All,

Thanks for your comments - this is great to hear about CASS, I had no idea - it certainly didn’t come up when I googled it or when I asked the Lloyds help line - they confirmed that only SO and DD payees would be retained. So have some of you done this and found your saved payee contacts are still there? Is there any difference between doing the switch with using CASS and just asking a bank to switch?

Thanks!

badger09

Hastilow said:

Dear All,

Thanks for your comments - this is great to hear about CASS, I had no idea - it certainly didn’t come up when I googled it or when I asked the Lloyds help line - they confirmed that only SO and DD payees would be retained. So have some of you done this and found your saved payee contacts are still there? Is there any difference between doing the switch with using CASS and just asking a bank to switch?

Thanks!

Yes I have switched several times & yes saved payees have moved with the switch. Though be aware, some banks don’t keep a saved payee ‘live’ if you haven’t made a payment for a while. 

There is only one way to switch a current account in its entirety, and that is through CASS. 

You can of course open a new account and manually change all your payees to that new account & delete them from your old account. But why would you want to do that? 

EDIT
This is from Lloyds page in switching to them!
https://www.lloydsbank.com/current-accounts/switch.html?utm_source=GOOGLE&utm_medium=paid+search&utm_campaign=UK_GOOG_Brand_Lloyds_PCA&utm_term=lloyds+current+account+switch&utm_adgroup=UK_Brand_Lloyds_PCA+Switch_Exact&gclsrc=aw.ds&gad_source=1&gad_campaignid=254072308&gbraid=0AAAAAowa2Y4fzXn6OeygGOESpIRziyA9k&gclid=EAIaIQobChMIxtTLpJnsjgMVv5GDBx2RQxYzEAAYASABEgJtSfD_BwE

Zanderman

Hastilow said:

Dear All,

Thanks for your comments - this is great to hear about CASS, I had no idea - it certainly didn’t come up when I googled it or when I asked the Lloyds help line - they confirmed that only SO and DD payees would be retained. So have some of you done this and found your saved payee contacts are still there? Is there any difference between doing the switch with using CASS and just asking a bank to switch?

Thanks!

Yes, as already pointed out in my original reply (and I've done it lots of times).  And as confirmed on the CASS website linked and quoted above.

As for switching a different way, as badger points out, a switch without using CASS won't save payees.  So if you want to save payees, use CASS.

Plus, since you originally said you want to switch for a switch incentive, you have to use CASS.  Switching without CASS won't get you a switch incentive. 

CASS does exactly what you say you want.