You may already know that moving is a complicated process that involves a lot of details and planning. Whether you are relocating your home or office, things can get quite complicated and overwhelming. And often, it can happen that we forget to do an important task related to moving. This is why the key to successful moving is organization and an effective time frame. That means you have to know when to complete each moving-related task. One of these essential tasks that you need to do even before searching for available movers through Verified Movers reviews is to change banks. And this is precisely what this article is going to be about – how to change banks when moving out of state.
Decide whether it’s necessary to change banks when moving out of state
First of all, you may want to evaluate whether it’s necessary to change banks. You won’t need to change your bank if, for example, you are moving locally. The same goes when you hire cross country moving companies Wichita to move you to a place where your current bank has a branch.
The cases where it’s recommended to change banks are when your bank doesn’t have a local branch in your new hometown. And, of course, you can change banks when you are not happy with your current bank. If your current bank doesn’t meet your needs, for example, there are not many available ATMs, interest rates are high, there are not many account types to choose from, etc.) In those cases, it’s highly recommended that you change banks even if one of the cross country moving companies Overland Park isn’t going to relocate you very far away.
What you need to know when changing banks
If you decide that you are going to change banks, you will need to start this process as soon as possible. Choosing a new bank should be approached with dedication, just like choosing one of the cross country moving companies Kansas City KS. You should first determine what your needs are. For example, you can ask yourself questions like: What type of account do I need? How often do I use the ATM? Are there other services I might need, such as a loan, mortgage, or credit card?
How to choose a new bank
When searching for a new bank, it’s advisable that you pick out a few banks to compare their services. That way, you will find out which one suits your needs the most. The process is similar to comparing cross country moving companies Olathe. You should first make a list of the most important characteristics you need to compare. Those could be:
- Fees – this includes monthly fees, overdraft fees, ATM fees, and others.
- Account types and their features – seeing if a bank has a type of account you need is the most important feature to check out if you want to change banks when moving out of state.
- Interest rates – different banks usually have different interest rates, so it’s best to research this in advance.
- Online banking – sometimes, it’s not possible to physically go to the bank, so you might want to look for one that gives you the option of online or mobile banking.
- ATM availability – if you are someone who uses the ATM frequently, you may want to look into how many available ATMs a bank has and whether they are near your home or workplace.
What you need in order to change banks when moving out of state
Once you find a trustworthy bank that meets all your requirements, your next step is to open a new account there. You may want to do this without delay since it will take about 10 business days before your bank account is officially set up. Don’t wait until your cross country moving companies Topeka already relocated you. In order to open your new account, you will need to fill out an application (in person or online), and you will need to provide:
- Photo identification – this can be your ID, driver’s license, or passport)
- Name, address, and phone number
- Social security number
- A deposit – most banks ask that you deposit some money into your new account, and the minimal amount can vary from bank to bank)
Closing your old account
You may be surprised that this is the last step to switching accounts. However, you don’t want to close it right away. It’s best that you keep it open for a couple of months more in order to make sure everything is functioning well with your new bank and that you have the right bank account type. And when transactions are updated, and your old account is cleared, then you may close it. But just in case, leave your contact information to a banker at your old bank.
Final thoughts
Whether you need to change banks or not, it really helps to know exactly what to do. Hopefully, after reading this article, it will be clear what you need to do in order to change banks when moving out of state. The process itself is not complicated. However, you have to remember to do it before your start preparing for your relocation. It will give you ease of mind so that you can focus on moving-related tasks. Therefore, make sure to do everything on our checklist in order to have your new bank account as soon as possible. Don’t skip anything. We wish you successful bank change and a pleasant moving experience.