Has anyone opened a business account by transfer from another business account ? I would like to do this but my enquiry about timescales met with a “cannot give you a timescale “ response. I asked for the matter to be escalated but never got a reply. As an investor as well as a keen Monzo promoter I do want to be supportive but would anyone move their business account without any idea of how long the account would be “inactive “ in between times …… any prior experience appreciated Thanks
What are you moving?
If you CASS, don’t you pick the date? It’s never “inactive” because the money will still get to you.
We have multiple payments in and out every weekday. I just want to ensure that we don’t have a hiatus where we cannot pay our or receive monies in ? Perhaps a naive question as I have not moved a business account before. I became concerned when Monzo support said they couldn’t give me any timescale for things to be up and working ?
During the CASS payments in & out should still occur on your old account, after CASS has completed it will happen on your new account. There won’t be a break as such it will just happen.