Yes. The new direct debit request you sign will supersede your old one. Keep in mind that it will take up to 5 days to be effective, so if your next repayment is due before we manage to update your account details, your next repayment may still come out of your old account, so you will to ensure you have enough money in that account.

To update your direct debit account, please email borrow@moneyplace.com.au.