You will have 6 months from the date you receive your letter to move your account to another provider to ensure continuity of your day-to-day banking needs. While this is enough time to make the move, it is advisable to start the process as early as you can to ensure that your account (and any direct debits and standing orders attached to the account) is fully moved to another provider and is operational before your existing account is closed. This is extremely important for business customers where the volume of account transactions is higher than for personal customers and there is generally a broader range of accounts required. The account migration process can also be more complex than for personal customers in terms of the anti-money laundering process where a number of directors may be involved, business account mandates are required, and creditor/payroll details may need to be set up on new a new online banking system. Businesses can therefore expect that is will take longer to set up new accounts with an alternative finance provider than in the case of personal customers. All business account providers in the market want to help businesses to change provider in as seamless a manner as possible. However, given the volume of businesses switching to new providers, we ask and advise business customers to take action as soon as possible. It is important to know that you do not have to wait until you receive a communication from your bank to start the process of moving your account. The sooner you start to prepare the better.