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bank switching in payments
I know that when switching bank accounts that all direct debits are switched also. However how are pension and other regular payments made to my old account dealt with ? Do I have to contact them with my new bank details or is this done through the switch ?
Comments
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This is all covered on the switch service website
They automatically redirect payments to the new account and inform the provider of the new details - though nothing stopping you telling them yourself
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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