How quickly will direct debits and incoming payments be transferred to the new account?

This depends entirely on how quickly the contractual and payment partner provides the new bank details. Various factors influence the duration:

* Sufficient time remaining until the next debit date
* Postal delivery times and arrival of the notification to the contractual and payment partner
* Time required to process changes to your payment account details

For this reason, we recommend keeping the payment account with the transferring bank open for approximately 2-3 months, parallel to the payment account with the receiving bank.