3 ms·
For people like me in the US, it's a gigantic pain to switch every direct-debit payment setting from the old routing/account number to the new. Often with thin
by LgWoodenBadger 10y ago
For people like me in the US, it's a gigantic pain to switch every direct-debit payment setting from the old routing/account number to the new.
Often with things like auto-bill-pay, you have to wait a billing cycle for the new changes to take effect. And you generally have to keep the two accounts open until everything is switched over, or face the wrath of failed direct debits.
- dfox 10y agoI think that in europe this is less of a problem because european banking does not depend so much on direct-debits. But, on the other hand in Czech republic almost everybody uses service called SIPO (acronym translates to something like "Centralized direct-debit for citizen's payments") which works as additional virtual account for direct-debits which you can associate with whatever account you currently use (or even not associate to anything and get invoices in mail) without notifying anybody else.
- SomeStupidPoint 10y agoRouting numbers aren't really something you can transfer, though. It defeats the whole point of a routing number if they get spread all over the system because clients move.
- JustSomeNobody 10y agoThat's what I was thinking. If you can't take both, why bother at all?