Your new account provider takes care of closing your old account, moving your balance and transferring your payments. If anything goes wrong, you’re protected by the Current Account Switch Guarantee.
This is how it works:
Day 7 - Your old account is closed and any remaining credit balance transferred. Your new bank will write to you to tell you that it’s all done.
If a payment is accidentally made to your old account, it’s automatically redirected and the sender is given your new account details.
More than 99% of UK banks and building societies offer the Current Account Switch Service, including Coventry Building Society.
When you switch you’re protected by the Current Account Switch Guarantee which is below, this is provided by your new bank or building society.
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.
If there's anything you're unsure of, take a look at the Current Account Switch Service website. Or call us on 0800 121 8899 - we can answer any questions you may have.