Switching banks made easy.We like to think Arbor Financial Credit Union members are more financially savvy than most. Whether you’re looking for a free checking account or one that pays interest, you can save money and experience the incredible convenience of online banking when you move your checking account to Arbor Financial Credit Union. We make it so easy with our 5-Step process, you'll wonder why you didn't do it sooner.
What you'll need:
- 15 minutes or less
- Your Arbor Financial Credit Union checking account number
- Former financial institution's name, address, and account numbers
- Bills and other EFT payment contact information
Ready? Let's switch!
Step 1: Stop using your old bank account. Leave enough funds to cover outstanding checks and automatic payments for 10 business days to avoid potential NSF fees.
Step 2. Give the Direct Deposit letter to your employer. This lets them know that you've switched banks and need your paychecks to be re-routed accordingly. Once your direct deposit has been switched, you can set up automatic transfers between your accounts in eBanking. Download the letter here.
Step 3. Update your automatic payments. If your bills are automatically deducted from your former bank account through a debit or credit card or automatic ACH withdrawal, switch them over to your Arbor Financial Credit Union account. Typically, this can be done over the phone with each company, if not online. Common automatic payments include utilities, mortgage, cable, daycare, etc.
Step 4. Set up your bills in Arbor Financial Credit Union's free Web Bill Pay. Web Bill Pay is another option for paying your bills automatically without having to use a debit or credit card. It's fast, easy, free, and fully integrated with Arbor Financial Mobile and eBanking. Access Web Bill Pay here.
Step 5. Close your old bank account. We know that breaking up with someone is hard to do, so we've made things easy and civil with a personalized letter. No hard feelings, ok? Download the letter here.