Step 2: Identify your regular payments to and from your old account
These are regular direct debits and direct credits that are set up with organisations and might include:
- Salary, rental income and share dividends
- Insurance premiums and memberships
- Loan and credit card payments
- Utility and phone bills
You can request a list of regular payments by filling in a Switch of Regular Payments Arrangements form.
Rural Bank will submit this request to your old financial institution on your behalf and can then provide you with a list of your regular payments for the last 13 months.
You will also need to identify recurring payments made by your providers or merchants where you have supplied a Visa Debit or MasterCard Debit card number; and ‘Pay Anyone’ which are payments you make using your financial institution’s internet banking service.