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Cancelling NatWest Standing Order

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Don’t forget to cancel your NatWest standing order* at least 3 days before the payment due date or you could end up losing money!

There’s a good example in The Observer‘s “Your Problems” series, where someone lost £1,125 after NatWest refused to stop rent payment the day before. Bank said it was too late to retrieve money so he ended up paying the former landlord and the new one. Read more here to find out why.

Other banks have no problems stopping the standing orders on the same day that payment is due and will credit the money if necessary.

*A standing order is when you tell the bank to pay a fixed amount to someone straight from your account at regular intervals. The money is taken from your account automatically on a fixed date and will show up on your statement.

The post Cancelling NatWest Standing Order appeared first on ROYALS of RENT.


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