A Guide to Making the Move

There are many reasons you might want to change which bank you do business with. It could be that you’re unhappy with the service, you’re tired of their fees, or that a different bank can offer different features that are a better fit for your organization. However, even when people are dissatisfied with their current bank, they’re often reluctant to move because of how difficult it seems.

It doesn’t have to be though. Here’s some simple and straightforward steps about how you can make changing your your bank an easy process:

Identify automatic credits and debits

Look at what automatically hits your account regularly and create a list. These are the important accounts to update first. Anything that’s handled manually should be easier to update.

Open your new account update your information

Once you have your new account open, you’ll have a routing number and an account number that you can begin to use. Go through your list from the first step and update this information.

Use the Bank’s resources to make the move easier

A good bank should be ready and willing to help you orchestrate the move. Check with the bank you’re going to and find out what types of resources are available for you to use. Oftentimes there will be guides or kits designed to make things easier.

Watch to see when you can close your old account

Once you’ve moved everything over, you still want to wait for at least a month to make sure that everything has been moved over. Two months is an even safer method. You have to make sure that no one is still charging your old account, or, even worse, that someone is still trying to pay you at the old account. Once you see all of them show up on the newer account, you should be ready to close the old one.

Of course, we offer a switch kit that can be used to help people moving their bank account over as easy as possible. It includes checklists, important contact information for direct deposits, a direct payment/direct deposit change request form, and even a form to send to your old bank. If you have any questions, we’re happy to help. You can find the kit here: