Comments on: How to Transition to a New Bank Account http://www.nodebtplan.net/2009/08/03/how-to-transition-to-a-new-bank-account/ A personal finance blog teaching you how to live debt free and use credit wisely. Sun, 21 Mar 2010 02:13:46 +0000 hourly 1 By: Kevin http://www.nodebtplan.net/2009/08/03/how-to-transition-to-a-new-bank-account/comment-page-1/#comment-28396 Kevin Mon, 10 Aug 2009 12:06:48 +0000 http://www.nodebtplan.net/?p=3416#comment-28396 @Roshawn: Exactly. There are a bunch of little steps. You might remember 90% of them, but forgetting a major one like a check that hasn't been cashed yet or an automatic transfer... could be ugly! @Kreestee: That sucks! Good luck with fighting off the ID theft. Have you pulled your <a href="http://www.nodebtplan.net/2009/01/14/its-that-time-again-check-your-annual-credit-report/" rel="nofollow">annual credit report</a> and called the bureaus to freeze your credit? @MoneyEnergy: Any reason why you are targeting huge firms? Generally speaking you can find some real gems from the smaller banks or credit unions. @SingleGuyMoney: Yea we are in the midst of doing that, too. Unfortunately my wife's won't kick in until the end of September (paid monthly) so I've got to keep the other account open until then (or likely afterwards to make sure it changes over correctly). @Michelle: Yea, I'll take it. Will be nice to get that big interest payment. @Stevenandkim: Hope it helps you make a good decision. Thanks for stopping by. @Roshawn: Exactly. There are a bunch of little steps. You might remember 90% of them, but forgetting a major one like a check that hasn’t been cashed yet or an automatic transfer… could be ugly!

@Kreestee: That sucks! Good luck with fighting off the ID theft. Have you pulled your annual credit report and called the bureaus to freeze your credit?

@MoneyEnergy: Any reason why you are targeting huge firms? Generally speaking you can find some real gems from the smaller banks or credit unions.

@SingleGuyMoney: Yea we are in the midst of doing that, too. Unfortunately my wife’s won’t kick in until the end of September (paid monthly) so I’ve got to keep the other account open until then (or likely afterwards to make sure it changes over correctly).

@Michelle: Yea, I’ll take it. Will be nice to get that big interest payment.

@Stevenandkim: Hope it helps you make a good decision. Thanks for stopping by.

]]> By: stevevandkim http://www.nodebtplan.net/2009/08/03/how-to-transition-to-a-new-bank-account/comment-page-1/#comment-28053 stevevandkim Sat, 08 Aug 2009 02:31:31 +0000 http://www.nodebtplan.net/?p=3416#comment-28053 We've been thinking about switching our checking account to a closer bank, but have hesitated because of all the direct deposits and automatic payments involved. I really like number two reminding us about waiting for the checks. Maybe switching after you've just written a number of checks and well before the next check writing session is a good idea. Thanks for the helpful information! We’ve been thinking about switching our checking account to a closer bank, but have hesitated because of all the direct deposits and automatic payments involved. I really like number two reminding us about waiting for the checks. Maybe switching after you’ve just written a number of checks and well before the next check writing session is a good idea.
Thanks for the helpful information!

]]> By: Michelle H. http://www.nodebtplan.net/2009/08/03/how-to-transition-to-a-new-bank-account/comment-page-1/#comment-27993 Michelle H. Fri, 07 Aug 2009 16:42:02 +0000 http://www.nodebtplan.net/?p=3416#comment-27993 We just did this too- what an ordeal! I think it'll be worth it once the 4.25% interest kicks in. I don't know how the bank is doing that in this economy but I'm glad they are! Blessings! We just did this too- what an ordeal! I think it’ll be worth it once the 4.25% interest kicks in. I don’t know how the bank is doing that in this economy but I’m glad they are!
Blessings!

]]> By: Friday Linkfest: Balancing School, Work, & Home Edition | beingfrugal.net http://www.nodebtplan.net/2009/08/03/how-to-transition-to-a-new-bank-account/comment-page-1/#comment-27967 Friday Linkfest: Balancing School, Work, & Home Edition | beingfrugal.net Fri, 07 Aug 2009 11:01:44 +0000 http://www.nodebtplan.net/?p=3416#comment-27967 [...] How to Transition to a New Bank Account – No Debt Plan.  This is something I keep meaning to do… [...] [...] How to Transition to a New Bank Account – No Debt Plan.  This is something I keep meaning to do… [...]

]]> By: Weekly Mashup: Something for the Fashionistas | My Life ROI, Getting the Best Return On Life http://www.nodebtplan.net/2009/08/03/how-to-transition-to-a-new-bank-account/comment-page-1/#comment-27724 Weekly Mashup: Something for the Fashionistas | My Life ROI, Getting the Best Return On Life Wed, 05 Aug 2009 11:09:22 +0000 http://www.nodebtplan.net/?p=3416#comment-27724 [...] How to Transition to a New Bank Account @ No Debt Plan. [...] [...] How to Transition to a New Bank Account @ No Debt Plan. [...]

]]> By: SingleGuyMoney http://www.nodebtplan.net/2009/08/03/how-to-transition-to-a-new-bank-account/comment-page-1/#comment-27569 SingleGuyMoney Tue, 04 Aug 2009 02:45:46 +0000 http://www.nodebtplan.net/?p=3416#comment-27569 Don't forget about making changes to your direct deposits!! You want to be sure those follow you to the new account. Don’t forget about making changes to your direct deposits!! You want to be sure those follow you to the new account.

]]> By: MoneyEnergy http://www.nodebtplan.net/2009/08/03/how-to-transition-to-a-new-bank-account/comment-page-1/#comment-27568 MoneyEnergy Tue, 04 Aug 2009 02:41:58 +0000 http://www.nodebtplan.net/?p=3416#comment-27568 I've been thinking about switching over to something from Citibank... I have yet to do the real research, though... I'd move to another national-wide bank like USBank or Bank of America, though, just for convenience... so maybe it's a question of the lesser evil of these. I'd want to find one with good or free rates on international account transfers and student plans... and a good online banking system (not sure Citibank's is all that great for usability). I’ve been thinking about switching over to something from Citibank… I have yet to do the real research, though… I’d move to another national-wide bank like USBank or Bank of America, though, just for convenience… so maybe it’s a question of the lesser evil of these. I’d want to find one with good or free rates on international account transfers and student plans… and a good online banking system (not sure Citibank’s is all that great for usability).

]]> By: Kreestee http://www.nodebtplan.net/2009/08/03/how-to-transition-to-a-new-bank-account/comment-page-1/#comment-27537 Kreestee Mon, 03 Aug 2009 20:28:31 +0000 http://www.nodebtplan.net/?p=3416#comment-27537 We just had to unexpectedly close our checking and savings accounts at one fiscal institution due to some suspected identity theft last week. We thought that we had cancelled all of our regularly scheduled monthly payments but got dinged for our NetFlix subscription today. I had to run to the new bank, withdraw some cash, and deposit it at the old bank to cover the charge. I also added some 'cushion $' so that won't catch us off guard again. We won't have online access to the new accounts until sometime this week so we're subsisting on cash only right now. I might stick with it since we're not spending as much money. My husband and I were scrounging for $.12 at the grocery store Sunday since we cut it a little tight with the budget. Luckily, it was in the bottom of my purse *whew*! Thanks for the great article! ~k We just had to unexpectedly close our checking and savings accounts at one fiscal institution due to some suspected identity theft last week. We thought that we had cancelled all of our regularly scheduled monthly payments but got dinged for our NetFlix subscription today. I had to run to the new bank, withdraw some cash, and deposit it at the old bank to cover the charge. I also added some ‘cushion $’ so that won’t catch us off guard again.

We won’t have online access to the new accounts until sometime this week so we’re subsisting on cash only right now. I might stick with it since we’re not spending as much money. My husband and I were scrounging for $.12 at the grocery store Sunday since we cut it a little tight with the budget. Luckily, it was in the bottom of my purse *whew*!

Thanks for the great article! ~k

]]> By: Roshawn @ Watson Inc http://www.nodebtplan.net/2009/08/03/how-to-transition-to-a-new-bank-account/comment-page-1/#comment-27526 Roshawn @ Watson Inc Mon, 03 Aug 2009 17:07:19 +0000 http://www.nodebtplan.net/?p=3416#comment-27526 Some of this is intuitive, but it doesn't take much to rack up the fees accidently. I guess having a systematic plan like this could relieve the stress involved in the process. I particularly like tip #3. This is what always concerns me: having automatic drafts make me overdraw my account. Some of this is intuitive, but it doesn’t take much to rack up the fees accidently. I guess having a systematic plan like this could relieve the stress involved in the process. I particularly like tip #3. This is what always concerns me: having automatic drafts make me overdraw my account.

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