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Direct Debit Change

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jakep | 10:59 Mon 31st Mar 2014 | Personal Finance
3 Answers
I need to change some DD's from one bank account to another.
Should I speak to the bank or the payees first?
Thank you
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if you are changing banks the new bank usually look after that for you.
I do it through the payees one day after a payment has been made.
It can usually be done online otherwise over the phone.
You don't need to inform your bank beforehand but there is no harm in cancelling the old direct debit once the new payment has gone through successfully.

All the payee needs to know is the new bank details.
Question Author
Thank you both. I am not changing banks so will go with the route hc describes.

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