We do the work for you...
Move your account to Select Bank in four easy steps!
Switching from your current bank to Select Bank has never been so easy! You can download and print forms below and bring them in or visit us and let one of our friendly bankers know that you’re ready to make the switch and we’ll take care of the rest.
Step 1. Open your Select Bank Checking account.
Visit us at one of our convenient office locations to open your account today! You can start using your new account as soon as your funds have cleared, and at this point should also stop using your old account.
Step 2. Set up direct deposit.
Ask your supervisor or HR department at work what they need to switch your direct deposit to your new Select Bank account. Usually it’s your personal information, new bank account and routing numbers (including a copy of a voided check), deposit information and your authorization.
You'll also need to switch any Social Security funds or other regular income automatically deposited into your old account to your new Select Bank account. Use our handy direct deposit form to inform people who make these payments where to deposit your money. Please keep in mind that changes to direct deposit can take up to 30 days.
Use our Direct Deposit Authorization form.
Step 3. Set up automatic payments.
Think about how you make each of your payments today. Methods may include automatic withdrawals from your checking account, automatic payments from your debit card, and/or one-time or repeat payments from your online bill pay account.
Be sure to contact each company that accepts an automatic withdrawal or debit card payment from your old account. Cancelling old automatic payments usually requires providing the company or payee information, your personal information, both your old and new bank account and routing or debit card numbers (including a copy of a voided check) and your authorization.
Use our Automatic Payment Authorization form.
Select Switch List
For your convenience, here's a checklist list of automatic payments you might need to switch over or add to your new Select Bank checking account:
- Gas & electricity
- Water & Sewer
- Cable service
- Home phone
- Cell phone
- Insurance (auto, home, life, other)
- Internet Service Provider
- Automatic transfers to savings or investment accounts
- Auto loan payments
- Student loan payments
- Memberships (clubs, gym, other)
Your current bank statement is a good source to find all payments you need to switch, and the people you need to notify regarding your direct deposit. Don't forget about any payments you make less often than monthly (such as insurance premiums), or automatic charges against your debit card.
Once you've cancelled old automatic payments, you're ready to start using our free online bill pay. It's fast and the most convenient way to pay your bills, and it’s quick and easy to set up.
Step 4. Close your old accounts.
Do this after you’ve cancelled all automatic withdrawals and payments, and have allowed enough time to let outstanding checks and payments clear. Stop using your old debit card and cancel repeat payments from your old online bill pay service.
Use our Close My Account form.
Now you’re ready
If you haven't done so already, start using our free Select Access Online Banking and free Select Bill Pay service. It’s fast and simple to set up, view and manage all your transactions on one screen.
If you have questions or would like our help, just ask! Stop by or call us at 434.455.1700