OK, so I might have no choice but to sort it out myself. But because I have to walk away from the agreement because of this will/can the finance co charge me the full amount plus cost of credit? Ideally they should just reverse the payment to the garage and have me settle up with the garage myself. It's a pure nuisance at this stage.They probably didn't know it was an issue until they tried to collect it.
I wouldn't be shocked if a car finance house doesn't have any other GB accounts they're collecting DDs from so might not have known it would be an issue. Their payment processor would only have flagged it to them if they had active GB DDs last year.
Already tried the Revolut option but finance co won't take that either because the IBAN is apparently from Lithuania or somesuch. Honestly they are just stonewalling left right and centre which is making we want to tell them to stuff it altogether. Hadn't considered the standing order option, thanks - will check if that might work for them. My Irish account is a savings account which seems won't work for a direct debit either - such an almighty palaver....Is the path of least resistance here not to set up a standing order? Or get Revlout and use that account?
Normally you get this carry on over a non-ROI but EU account, however, in this instance clearly the Brexit issues have over taken the situation.
Already tried the Revolut option but finance co won't take that either because the IBAN is apparently from Lithuania or somesuch. Honestly they are just stonewalling left right and centre which is making we want to tell them to stuff it altogether. Hadn't considered the standing order option, thanks - will check if that might work for them. My Irish account is a savings account which seems won't work for a direct debit either - such an almighty palaver....
More BS. I have a client who only uses Revolut for both personal and business banking (doing that is another issue). No problem setting up ddm's for him. Had a look at his IBAN there and his business revolut account is GB.Already tried the Revolut option but finance co won't take that either because the IBAN is apparently from Lithuania or somesuch. Honestly they are just stonewalling left right and centre which is making we want to tell them to stuff it altogether. Hadn't considered the standing order option, thanks - will check if that might work for them. My Irish account is a savings account which seems won't work for a direct debit either - such an almighty palaver....
That's the trading name of BMW Financial Services. So it's not John down the road.Alphera is what the finance co is called if anyone's familiar with them.
I would be surprised if any financial services company that is not authorized to provide services in the UK after 1.1.2020 continued to set up new customers using UK IBANs.They probably didn't know it was an issue until they tried to collect it.
I wouldn't be shocked if a car finance house doesn't have any other GB accounts they're collecting DDs from so might not have known it would be an issue. Their payment processor would only have flagged it to them if they had active GB DDs last year.
I'd hope they would check the customer address as part of their KYC rather than relying on checking the IBAN repayments will come from. That's shutting the stable door after the horse has bolted territory!I would be surprised if any financial services company that is not authorized to provide services in the UK after 1.1.2020 continued to set up new customers using UK IBANs.
I've told garage it's nothing to do with me if finance co can't make it work on pre-provided details, so they're going to sort it out for me one way or another.More BS. I have a client who only uses Revolut for both personal and business banking (doing that is another issue). No problem setting up ddm's for him. Had a look at his IBAN there and his business revolut account is GB.
If this has to be unwound, there is no way I would pay them a penny. You have made all efforts to keep to your side of the contract and it is the finance company who have made it impossible for you to perform your side of the contract by their refusal to do something that should be run of the mill for everyone else.
They will have to get a debt collection agency onto you to collect any money they think there are owed. This will only be small potatoes to them, so they may not even take it on.