Is It Time to Switch Banks?

Choosing a new financial institution can be tricky. We’ve created a checklist to help navigate the process!

Download the PDF version of our Is It Time to Switch Banks? infographic.

Is it Time to Switch Banks?

A Checklist for Closing Accounts and Starting Over

Why Would You Leave Your Bank?

• Excessive Fees
• No Mobile/Online Service
• Poor Products/Services
• Negative Experiences

How Can You Make the Switch?

• Research Local Credit Unions and Banks Considering:
  • Fees, Product Offerings, Customer Service
  • Savings Interest Rates, Loan Rates,
  • Nearby Branches & ATMs, Online and Mobile Banking
  • Community Involvement, Mission, Vision, and Values
• Choose the Best Option
• Open Your New Account
• Leave Money in Your Old Account (To Cover Uncleared Payments)
• Transfer the Rest to Your New Account
• List Services/Automatic Banking Activities, Including:
  • Account Alerts, Direct Deposit, Automatic Payments & Transfers, and Overdraft Protection
  • Online Banking and Mobile Apps
• Stop Services/Automatic Banking Activities to the Old Account
• Set Up Services/Automatic Banking Activities to the New Account
• Wait for All Payments to Clear the Old Account
• Close the Old Account
• Take Your Remaining Money. You’re Done!

Make Change, Simply by Banking

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