Switch Guarantee - Direct Debits

2stixoftwixes

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

MyRealNameToo

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. 

Neil_Jones

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 details

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"