From the Nationwide Switch Terms and Conditions.
What defines active? Does this means the direct debits must have had a recent payment from the account you are switching from?
I saw on MSE earlier that somebody contacted Nationwide’s customer service to ask this, and they said it had to have paid out at least once to be an “active” direct debit on the old account.
Thanks for that
They’ll be advising that to ensure that it’s actually setup as some D/D providers will setup the mandate immediately and others only shortly before the first payment.
Once it shows on the donor account as a stand-alone D/D mandate then that is an ‘active D/D’ and will switch across as active. I say stand-alone as some people have a mandate paying more than once per month and seem to think that constitutes multiple D/Ds…
That fact is also confirmed on that onepounddd website:
“Signing up to different dates with the same account will only appear as one Direct Debit.”
I’ve switched out a couple of times from Monzo and each time they’ve said I’m welcome to return if i change my mind and their CS is good.
Tried Starling a few times - first time was unimpressed and second time found it hadn’t really changed from the first time other than the card was portrait this time.
Out of interest, when you returned to Monzo did they give a new sort code and account number ?
I’d say a new account number was given, but the sort code would have remained the same.
I think they only have a single sort code.
They wouldn’t be able to re-use the old account number (in the short term) without cancelling CASS.
04-00-04 is the one and only [insert Chesney Hawkes clip here] sort code for MONZGB2L, aka Monzo Bank
@Godspeed they do give you a new account number as I have done this myself switched away from monzo and reopened my account. The sort code stays the same 04-00-04.
That’s great info, thank you very much guys. I have switched my Monzo account away now. I had been with them since the beta days but found the offering lacking. Support is inconsistent now, and the product offering not competitive. Although fees and the app offering are top notch. Payee management was also best in class IMO.
Somehow, I ended up with Revolut Metal as my everyday spending account.
What convinced you to pay the extra over premium?
They had a supermarket offer where for 2 months you got 20% back on shopping if you went Metal. Then a further discount for paying for the year.
All things considered with cashback Metal worked out cheaper than premium for me. I think Metal has cost me about £50 for the year.
Then I got the higher rate for referring friends at £85. (Not sure if its Metal related) but overall I’m very quids up with Revolut. The support has been surprisingly good.
Now just waiting for the credit card!
They do have other sort codes allocated to them, but they haven’t seemed to start using them yet.
Starling also only seems to use one sort code, but also has others allocated.
Monzo has 04-00-03, 04, 05 and 06 for example.
Starling has 04-00-40 and others like 04-00-47, but usually uses 60-83-71.
I assume it’s spare capacity for future use.
They likely have other use cases pencilled in for those extra allocated sort codes e.g. loans.
Smaller players such as Nationwide (070116) and Abbey National (090126) used a single current account sort code for a vast number of number of years - only expanding the range when it became impractical.
I think one of those 04 Starling sort codes is being used for the Raisin platform. IRC that caused issues a while back with conflict for Starling customers trying to use Raisin.
It is, but Raisin now have their own exclusive one allocated by Starling.
I forget the sort code now, but if you put it in the bank comes up as Starling and the branch as Raisin.
I’m suspecting some sort codes will be saved for future products (credit card repayment collections account, loan collections account, etc) and others will simply be kept ready to be brought into use once the main sort code is full - which will happen eventually if the fintechs keep growing at the pace they currently are.
Hmm, I want to take advantage of this but not too sure how as I don’t have a spare Monzo account anymore 
I’m thinking I’ll use the OnePoundDD site and use this spare SIM I have to set up a new Monzo account. Transfer £2 over to it and then switch it into my FlexDirect.
That should work, right?
PayPal and a credit card Direct Debit should do the trick.
I’d consider trying a Lloyds Banking Group account as your trash account. Quick to open and card info should be able in the app when it’s made.