I changed my bank details after the loan had been paid out Watch

embot790
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#1
Report Thread starter 8 years ago
#1
My loan is supposed to be paid to me today but it went to my old account which doesn't exist anymore.. will it bounce into my new one now my details have changed or does this make it now irretrievable?

please help!
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Ice_Queen
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#2
Report 8 years ago
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Try calling up your bank or the SLC?
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Sad3k
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#3
Report 8 years ago
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If it is the same account number and sort code, by different style of banking, it should directly go into there. However if it is a totally different one, then you should contact those who deal with loans.
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embot790
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#4
Report Thread starter 8 years ago
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I did change my details online.
Basically I had an account with one bank but switched to another for a student account, and when I got my last instalment, it automatically moved everything over..
Except this time I realised I'd never changed the actual details, which I've now done but this instalment says its already been paid but its to an account which no longer exists..
so should I go to the bank or student finance?
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neo_2009
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Report 8 years ago
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If the bank account is closed then the payment will bounce back to SLC

Once SLC's system shows that the payment has 'failed' they will make the payment a second time to your new bank account

So i think you'd best ring SFE immediately and ask them if they have the correct bank details for you or not.
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