Trust Deed Forum - Changing banks and moving money
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Just Joined

1 Posts

Posted - 24 February 2018 :  19:46:56  Show Profile  Reply with Quote
Evening all,

Iíve just signed the documents to finalise my trust deed proposal, in terms of moving banks is it wise to just bank transfer the cash online to the new account? Or lift the money from the branch and transfer manually, Iíve already sent a test payment so Iíve already left a trail as such

Apologies if itís a silly question, Iím just paranoid the more I think about it.


TDA (Debt Adviser)
Trust Deed Expert

12692 Posts

Posted - 26 February 2018 :  08:57:33  Show Profile  Reply with Quote
Welcome to the forum fruman23.

I'm not really sure that this matters either way.

How much money is in the account?

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Kevin Mapstone
Trust Deed Expert

3625 Posts

Posted - 26 February 2018 :  12:02:50  Show Profile  Reply with Quote
It shouldn't make any difference. Will transferring the funds mean that you will be going into an overdrawn position?

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