First things first, take a look at your current checking account. Is your account free? Do you get rewards? Are your ATM fees reimbursed? If you answered no to these questions, it may be time to make the switch. Check out Sikorsky Credit Union’s Kasasa Free Checking
accounts. You don’t even need to visit a branch; you can apply right online.
Once you have your new account, you want to do some basic housekeeping before switching everything over. Activate your new debit card and set yourself up in online banking
and download the mobile app
. You will also want to fund your new accounts. Usually this can be done right online at your existing financial institution or you can write yourself a check to deposit.
Now you want to make sure that new account continues to be funded, so you will need to set up direct deposit through your employer. If you are receiving any other direct payments like federal government benefits, brokerage deposits, child support, etc. you will need to make sure that is changed too.
After you see your paychecks going successfully through to your new checking account you can cancel any automatic payments you currently have and set everything up through your new account’s online bill pay. We have an automatic payments checklist
that can help.
Wait a few weeks to make sure everything has cleared out of your old account and then you can close it. You can do this by either calling your old financial institution or filing out this form.
Making the switch is easy. You will be well on your way to earning your free checking account rewards in no time!
Transferring accounts to a new financial institution can seem like a heavy lift. It’s understandable, there are a few key things involved… new debit cards, checks, switching out automatic payments, etc. However, you could be leaving money on the table out of pure convenience.