Have you ever changed banks eg from lloyds to hsbc, is it hard do you have to change direct debits ENGLAND?my lloyds bank account, it is a disaster, i keep spending every saturday in there trying to sort it out, i have no loans with them but i always end up going over my £500 overdraft every month, i go in ans all the people want me to do is increase overdraft or get a loan to cover it anyway, i am geting fed up with... | |
It`s easy to change Banks jst go in and set up an account
Tell all those you pay by DD your new bank details and your wages department .You can then arrange with your old Bank to pay off your OD Good Luck Vici
First of all, other banks may like to have your overdraft - then you will pay them interest.
I did this recently as I was going from Barclay's to Nat West to take advantage of a professional development loan.
You will need two forms of i.d. and three months statements, possibly a water bill or something like that as well.
You go in to the new bank and then they will change all the direct debits over after you fill out a new form. You basically are proving who you are and then authorizing them to do it.
My old account stayed open for a while and then it closed after about a month. I had two accounts, one was my old student one where I had to take out the 11p in person that was annoyingly in there to close it. My other account just transferred my balance automatically. This gives you a chance to tell new employers details etc. Once you get your new account details, you can tell your company the new bank account so they can pay your wages in. Should they pay it in by error to the old one, it will transfer automatically.
As regards the overdraft, pay it off first and it is a whole lot easier to change all of this. Otherwise, your new bank might say: well, you should have a loan etc. like the old one. or give you an account with a more punitive interest rate.
Go into your preferred new bank and talk it over with them. They do this all the time. They will want your custom. It is really easy and they pretty much do it all for you.
You can transfer your overdraft too. I believe alliance and leicester offer an interest free one for a year or so. The new bank should handle the dd's etc. If your employer is efficient shouldn't be too difficult to arrange, if they are not keep the old account and just transfer it across each time.
yes you can change banks.but at first you will have to fill in forms.for new bank details.and your direct debit.and like you i am thinking of changing my banks.they are not slow taking
but there overdarft money i owe.but when i have problems
with my money they have it has took then ages.and it still not
sorted out.and its a lot of to me.if they have not sorted it out in the next month.i am changing banks.i owe them nothing.but they have got my money.and they cant tell me were it is.all they says is its a on going process.and when i ring than up.they have the cheek to try to sell me something.
changing banks won't help you need to try and live within means its not your bankers responibilty to subsides your overspending
