How can I prepare for this change?
If you are expecting payments to your local account details, you’ll need to contact the person making the payment to tell them that your account details have changed. These upcoming payments could include one off payments made by other people to you, or scheduled regular payments (like standing orders) which are sent automatically.
You should also check any places where you might be providing your local account details to others. This could be in things like:
- Agreements with customers or clients
- Invoice templates
- Any other places you share your account details