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Business Banking Switch
Hi All
I've searched through the forum but can't see an answer to this.
Santander is closing my local branch, so I am considering a move to Ulster Bank for 2yrs free transactions etc etc.
I know the switching service takes 7 days, but my question is - is there an overlap period between the two accounts for invoices already issued but not due until on or shortly after the 7 days?
I've never switched before so am unsure when to advise customers of the new bank details.
TIA
Comments
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Payments made to the old account get forwarded to the new account automatically for 3 years after the switch occurs. So ideally get new invoices into the new account details ASAP but people who dont notice or forget etc will still hit your account with a little delay.
Why go for someone with only a 2 year offer though? HSBC is now free, Starling has always been free
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