Follow our playbook for an easy 1-2-3 switch.

Use our 1-2-3 playbook to switch your checking account to Investors Bank. Of course, our Client Care team is available for assistance and information. Just call us at 855-422-6548.

Stop All Activity with Your Existing Bank

This means you should stop using the account as your primary source for cash and payments. Here's how:

 

 

Spending Money

Take out enough cash to live on for a few days, plus $50 to $100 dollars that you'll need to open a new account.

Minimum Balance

Pay attention to any fees for dropping below a certain minimum balance and stay above that minimum.

Use Cash

Stop writing checks, don't use your debit card, and cancel any automatic payments that withdraw from your account.

Keep an Eye on Your Account

Track your account to make sure all payments have cleared (this should take about three days).

Set Up Automatic Payments and Direct Deposit.

Getting this taken care of will be a huge monkey off your back. Make sure you dot all your i's and cross your t's with this part of the process.

 

Direct Deposit

Your employer should have an easy form you can fill out and can be done by the next pay cycle, but make sure to ask how long it will take to process.

Automatic Payments

Things can get a little tricky here:

  • Make a list of all of your payments that are automatically debited from your account.
  • Then figure out which ones were set up through the company you're paying and which were set up through the Bill Pay system at your old bank.
  • Be sure to set up the proper online payments and change the account information for payments automatically debited by companies.
Paypal/Venmo/etc

Last, but not least, switch your banking information in any online payment systems you have set up.

Close Your Old Account

 

 

Take one last look and make sure everything in your old bank account has cleared.

  • If you have no outstanding payments or credits, make a trip to the bank and close your account.
  • Call the bank ahead of time and find out what forms of ID you should bring.

Keep in mind that there may be a fee to close your old account - which is just one more reason you've left your old bank!