It is important to make sure that you notify your new bank about all your standing orders, including staff payments and rental fees. Standing orders are payments of a fixed amount you make regularly. Direct debits are quite similar to standing orders, but the amounts fluctuate, such as a telephone bill or a utility bill. You must give your new bank a mandate to get all the information about the outstanding direct debits from your old bank. Your new bank will contact them on your behalf to ensure a smooth transition of all the outstanding direct debits. It is also advisable to notify your regular customers and suppliers of your new business account details.