Switch your bank account to Investec
For Private Banking clients
This page is for anyone who wants to switch to a qualifying Investec bank account from another bank.
How to switch
You can easily switch your account from another bank to Investec using our Current Account Switch Service. Your switch is covered by the Switch Guarantee, which means you won’t be out of pocket if there are any hiccups.
To get started, you'll need to go into your Investec Online profile and complete a Current Account Switch Application.
Then fill in a 'Current account closure' form so your old bank is authorised to close your old account.
You can choose the date you make the switch, but it needs to be at least seven days after you first apply to move your current account to Investec.
That's it. You can leave the rest to us and we’ll make sure all of the Direct Debits, standing orders, saved payees and any balance you have on your account are moved for you. If there are any problems, such as payments that can't be transferred, then we'll let you know and work out what to do about them with you.
You can continue to use your old account until the date the switch is completed. At that point, you’ll switch to using your new Investec Private Bank Current Account.
If you want to know more, please read our Current Account Switch Service Guide.
We’ll transfer all incoming and outgoing payment arrangements, Direct Debits, standing orders and any money you have on account with your existing bank account to your new Investec account.
Full vs partial switch
We will move your requested payments (that is direct debits, standing orders and regular incoming credits during the previous 13 months) to your Investec account. This is subject to all the information being made available by your old bank. Your old bank will transfer any remaining positive balance to your Investec account and close your old account.
We will move your requested payments (that is direct debits, standing orders and regular incoming credits during the previous 13 months) to your Investec account. This is subject to all the information being made available by your old bank.
Switch when you're ready
You can choose the date you make your account switch and we’ll contact your bank for you free of charge. Everything should be completed in 7 days.
Day 1 - Your switch starts
We contact your old bank and arrange the account switch to Investec Private Bank.
Day 2 - Confirmation
We let you know when your old bank has received your request and start shifting your payments and other details to your new Investec account.
Days 3-5 - Your account transfer is in process
We’ll be busy making sure everything is switched as it should be. You don’t need to do anything.
Day 6 - Paying off your old overdraft
If you had an overdraft with your old bank, you need to pay it off before we can complete the switch.
Day 7 - Your switch is complete
Congratulations! And welcome to your new Investec Current Account
All your Direct Debits, standing orders and saved payee details are now in your Investec account along with any outstanding balance. Your old account is now closed.
Contact our Switching team
If your old bank isn't part of the Current Account Switch Service - although most are - then we can still do all the legwork for you if you want to switch accounts. Just contact our 'Switching team' and they’ll get everything sorted for you.
Current Account Switch Guarantee
It’s our responsibility to work with your old bank to make sure everything happens smoothly. We take care of all admin and pick up any issues on your behalf.
Any payments accidentally sent to your old account will automatically be redirected to your new account. We’ll also contact the sender for you to tell them your new account details so they don't make the same error again.
If there are any issues with switching your account, we’ll tell you as soon as we can. But rest assured, if anything does go wrong, we’ll refund any interest you may have missed out on.
If you earn at least £300,000 a year and have a net worth of more than £3 million, our exceptional service is designed for you.
If your new bank agrees, then it may be possible to include an arranged overdraft when you switch via the Current Account Switch Service.
To get started, please contact us using the information below.
Ready to start, or need help with switching?