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Switch Guarantee - Direct Debits
2stixoftwixes
Posts: 113
Forumite
I will be moving my business's current account over to a new provider next week
The switch guarantee states it will take care of everything
Regarding Direct Debits to HMRC - for VAT - PAYE - Royal Mail ect
Are these automatically updated - meaning I WON'T have to change them with those companies - their records will be updated with my new account details, and they will just collect the money from my new account
or will I still have to give them my new bank details
The switch guarantee states it will take care of everything
Regarding Direct Debits to HMRC - for VAT - PAYE - Royal Mail ect
Are these automatically updated - meaning I WON'T have to change them with those companies - their records will be updated with my new account details, and they will just collect the money from my new account
or will I still have to give them my new bank details
0
Comments
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Existing DDs, no matter who they are to, will be moved over automatically. Obviously any new DDs you setup you will need to setup with the new account details.0
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https://www.currentaccountswitch.co.uk/common-questions-business/ - "All incoming and outgoing payments will be automatically redirected to your new account. Each time a payment is redirected, an automatic message is sent back to the originator advising them of your new account details so they can update their records"2stixoftwixes said:I will be moving my business's current account over to a new provider next week
The switch guarantee states it will take care of everything
Regarding Direct Debits to HMRC - for VAT - PAYE - Royal Mail ect
Are these automatically updated - meaning I WON'T have to change them with those companies - their records will be updated with my new account details, and they will just collect the money from my new account
or will I still have to give them my new bank details1
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