When we have all the receipts and the rest of the financial products associated with the same entity, we may not consider changing banks due to the complexity that this process seems to have. The reality, however, is quite different thanks to the account transfer service.
The banking entitiesas is the case with the rest of the companies in all types of sectors, have their owns commercial campaigns in which they offer us different products and services with conditions that can be much more competitive than those we currently have in our bank.
Although due to ignorance we think that changing banks is a quite complex process in which we must take into account all the products and services that we have already contracted, the reality is very different. As reported by the Bank of Spain, we can enjoy the service of transfer of accounts. We tell you how it works.
How to switch from one account to another
The current regulations, accessible from this linkallows us to change the account from one entity to another in a few steps and without having to comply with a large number of procedures. To do this, the owners must expressly request it from the new entity, indicating the execution date on which we want this change to become effective. We must keep in mind that, at a minimum, we have to offer a six business day window since the new entity receives from the origin entity all the information that is necessary to carry out said transfer. So it is important that we plan it with a little time.
The banking entities They are obliged to facilitate this transfer, so we should not have any problem for it to be carried out in an agile and simple way. Both entities must communicate with each other to exchange all the information necessary so that these changes can be carried out correctly.
Some aspects to take into account
It is important to know that the origin entity You must give a payment order to the new entity in the event that we have a balance in our favor when carrying out the transfer of the information. The only exception is if we have a debt that is due and, in addition, is pending debit to said account. In this way, they ensure that we will not have no default soonso we recommend that before making this transfer you pay off all debts that can be paid.
The entities that intervene in said movement are obliged to transfer the most common operations that we carry out to the source account. Some examples are direct debits of receipts, standing transfer orders or periodic transfers received that we have direct debited for any reason. However, it can always happen that some periodic motion What is important to us is not transferred, so it is always recommended that we make sure of all the operations that are important. Such as, for example, subscriptions to our streaming platforms. In this way, we will prevent our account from being canceled without our permission.
