Checking Account Switch Kit
Making the "Switch has NEVER been easier!
Step 1: Set up your New NETCU Checking Account
Set up the things you need for your checking account. With a Member Service Rep, set up items like your debit card, printed checks, and your NET Teller Online Banking Log In and Password.
Step 2: Stop Using the Old Checking Account
Keep enough funds to cover anything you have outstanding in your old account, such as pending checks or debit transactions.
Stop writing checks on the old account and eliminate use of the old account’s ATM/Debit Card. Be aware of any fees your old checking account could charge while switching to your new one, for example, minimum balance requirements or direct deposit conditions.
Step 3: Change Direct Deposit Information
Contact your payroll department to provide the new account information.
Change Direct Deposit Information by:
- Giving a voided check from the new account
- Or providing Direct Deposit Change Form
Remember to contact retirement or pension plans and/or Social Security Administration if they deposit money directly into your account.
Since sometimes it takes time to activate the new direct deposit, you might have to physically deposit one paycheck during the transfer.
Step 4: Transfer Automatic Transactions
Use the Auto Pay/Bill Pay Easy Chart to make a list of anyone that withdraws automatically from your account and anyone set up for automatic bill payment. Make sure to also include any auto payments you have set to pay with your debit card.
- Mortgage Company
- Life Insurance
- Leasing Manager
- Credit Cards
- Utility Companies
- Telephone Company
- Cable Company
- Loan Payments
- Membership Dues
Contact each company on the list that makes an automatic withdrawal by one of three methods:
- Utilize the company’s online account to change payment information
- Contact the company by phone or email
- Mail the Auto Payment Change Form to that company
Enter the bill statement information into the new checking account at times convenient to you. It may be easier to enter the information even if you are not paying the bill at that time. That way, when you’re ready to pay bill the information is there.
For security purposes, destroy the Auto Pay/Bill Pay Easy Chart once you’ve completed this step.
Step 5: Close the Old Account
When you’re sure that the old account is inactive, submit Close Account Request Form to your previous financial institution and transfer the balance from the old account to your new checking account. Then, as a protection, destroy your old checks, ATM/Debit cards and deposit slips. Make sure all checks have cleared, all debit card activity has cleared, direct deposit and automatic withdrawals are on the new account.
Being a Credit Union Member means you have a “Share” or savings account ready to use. Check out the different savings options we have, and see where you can best start putting your money to work for you.