Thinking About A Checking Account Switch? Start Here.
Like many things in life, when it comes to our banking relationships, change can be difficult. Is it possible? Where do I begin? We’re here to tell you that switching your checking account doesn’t have to be such a daunting task. In fact, when you make up your mind to change your primary financial institution, the rest can be as easy as 1, 2, 3!
Update Direct Deposit information
When moving your primary financial institution, one of the most important steps is to update your direct deposit information. Many employers allow you to update your information directly from an online payroll platform. In some cases, these changes can be made and applied by your next direct deposit, avoiding any delay in access your paycheck. If your employer requires a written request, you’ll need to contact your new bank or credit union for the appropriate form. Call Federal members can access our Direct Deposit form conveniently from our website, so you can provide your employer with all the necessary information.
Review monthly statements & use transaction history as a guide
As we now live in a world of automatic payments, it’s easy to forget what we have clearing our accounts each month. We recommend using your monthly statement as a guide! Grab a pen or highlighter and mark off each item as you update their payment information to your new account. With so many merchants taking online payments, this switch is often as easy as logging onto a website and making the necessary adjustments in your account settings.
While you’re there, take some time to review how your recurring charges match up with your monthly spending plan. By considering these regular payments, you may find you need to make adjustments to the plan or maybe even eliminate expenses that are no longer aligned with your financial goals.
Update Bill Pay & Digital Wallets
The last step in making a seamless switch is updating any automatic bill payments or digital wallets (like Google or Apple Pay) on your new account. Be sure to cancel any automatic payments from your previous financial institution, while taking note of the payment details, address, and any other necessary information. At Call Federal, our free Bill Pay option is easily accessible from our Online Banking platform. Our members also enjoy the safety and convenience of Google/Apple Pay by simply adding their Call Federal debit or credit cards to those services.
Making the switch is a big step, but we are here to help make the process a smooth one. If you have any questions about Call Federal providing your checking account needs, call us or visit your local branch today.
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