Hi, I am currently in the process of transferring my account over to one of my housemates, I was just wondering once the form has been processed by yourselves and transferred over will the direct debit still come out of my account or will they be asked to provide their bank details? Thanks
As long as you have email confirmation from VM that the account has been transferred, you can cancel the Direct Debit with your bank. If not, DO NOT cancel the Direct Debit, you could get a black mark on your credit rating with the credit reference agencies and it can affect your ability to get credit or even a mortgage in the future.
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