If your company changes its business bank account, you will want repayments collected from the right place. You can update the paying account on your Credicorp loan, and we verify the new account before any collection moves across.
How to update it
Ask through your account or contact our support team with the new business account details. The account must be in your company's name; we collect from and pay to verified business accounts, not personal ones. We then set up the new collection arrangement.
- Provide the new business account details
- The account must be in the company's name
- We verify it before collecting from it
Timing matters
Make the change with enough notice before your next due date so the new collection can be in place in time. If a payment is already in motion against the old account, it may need to complete first; we will tell you which payment the change takes effect from.
Keep the old account funded until confirmed
Until we confirm the switch is live, keep the previous account ready to cover a payment so nothing is missed during the change. A missed payment is treated the same regardless of the reason.
We lend only to UK limited companies and LLPs for business purposes.
See also: Will a top-up change my repayments or term?, How do I update my company's bank details?, How to update your business bank account details.