There'll be a short transition timeframe to redirect your regular payments. Your old financial institution has five business days to provide us with the regular payments list. The billing or crediting organisations might take some time to process the switching request, and some require notice well in advance of the billing date. If this is the case, the change might not take effect until the next billing cycle. To minimise any inconvenience and avoid dishonour fees from your old financial institution, you should keep enough funds in your old account to cover any direct debits that are scheduled during this ‘switch period’.