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Been with RBS for 15 years and have decided to change.
Applied online with another bank and got accepted. Now this 7 day switch is it really as easy as it seems. When I switch will this month's wages on the 26th be directed straight into my new account.
Or will I have to fill in the new bank details on the back of my wage slip?
Also will my direct debits just merge across?
[I]When I switch will this month's wages on the 26th be directed straight into my new account[/I]
Yes, however
[I]will I have to fill in the new bank details on the back of my wage slip? [/I]
In theory, no, but better safe than sorry.
Basically, if you switch via the 7day switching service anything that gets sent to your 'old' account will be forwarded to your 'new' account. There [I]might[/I] be a day's delay while it's all processed. So, if it's something important, best to update the source of the payment too.
Think of it like moving house; you can set up a mail forwarding service, but it's always best to let the important people know you're new address...
Changed about 6 months ago - worried and fretted about it, especially wages but it went as smoothly as promised.
told payroll, didn't write anything on a payslip