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Registered under the Credit Union Act 1979 No CU’s) 37 Authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority FRN213597:

How to fill out change of payment mandate

How to fill out change of payment mandate?

1. Obtain the change of payment mandate form from your bank or financial institution.
2. Fill in your personal details such as your name, address, and contact information in the designated fields provided on the form.
3. Provide your old payment details, including the current bank account number or payment method that you wish to change.
4. Specify the new payment details that you want to update, such as the new bank account number or payment method you wish to use.
5. If necessary, provide any additional information or instructions that are requested on the form.
6. Carefully review the information you have entered to ensure its accuracy and completeness.
7. Sign and date the form in the designated area to validate your submission.
8. Submit the completed form to your bank or financial institution as instructed.

Who needs a change of payment mandate?

1. Individuals who have changed their bank accounts and need to update their payment details for services or subscriptions.
2. Individuals who want to switch their preferred payment method, such as from credit card to direct debit or vice versa.
3. Businesses or organizations that need to update their payment information for invoices, bills, or recurring payments.
4. Anyone who wants to consolidate multiple payments or bills into a single payment method or account for easier management.
5. Individuals or companies that have been issued a new payment card or account due to loss, theft, expiration, or expiration.

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