How Easy Is It To Switch Banks?

Switching banks might sound like a hassle, but it doesn’t have to be. If you’ve ever thought, “How easy is it to switch banks?” you’re not alone. Many people stick with their current bank simply because they think moving accounts, updating automatic payments, and re-establishing direct deposits will take too much time or effort.

But what if you could make the switch quickly, confidently, and without the headaches?

At Midwest BankCentre, we simplify the entire process with tools like our Switch Kit and dedicated bankers who walk with you every step of the way to ensure a seamless process from your old bank account to your new bank account. Whether you’re frustrated with high fees, poor customer service, or just want to bank locally, this guide shows you how easy it is to transition to a new bank and why it might be one of the smartest financial moves you make this year.

Why People Switch Banks?

From unexpected overdraft fees to limited customer support, here are common reasons why people move their money:

• Lower fees at a new bank
• Better interest rates on savings or checking accounts
• Improved digital banking experiences
• More personalized service
• Local investment, knowing your money supports your community

What Makes Switching to Midwest BankCentre So Easy?

Switch Kit Support

Our Switch Kit provides step-by-step instructions and templates for:

• Direct deposit updates
  
• Bill payment transfers
  
• Recurring automatic transactions
  
• Debit card replacement
  
• Closing your old account

Personalized Banking Assistance

Not comfortable handling everything on your own? No problem. Midwest BankCentre has experienced team members available to walk you through the switch, whether you stop into a local branch or start online.

Keep Your Money in Your Community

With Midwest BankCentre, 95 cents of every dollar you deposit stays right here in the St. Louis region, helping local businesses, families, and nonprofits thrive.

Tips for a Smooth Account Transition

1. Open Your New Account First: Start by opening a checking or savings account with your new bank. Make sure you get your account and routing numbers so you can begin updating your deposits and payments.
2. Leave Your Old Account Open Temporarily: Keep your old account open for 30-60 days to catch any lingering automatic payments or deposits.
3. Move Automatic Bill Payments: Update your payment information for utilities, subscriptions, loan payments, and any recurring bills. Use a checklist to make sure nothing gets missed.
4. Monitor Account Activity: Use online banking tools to track activity in both your new and old accounts. Set alerts for withdrawals, deposits, and balance updates.

How Do I Switch Direct Deposit to a New Bank?

Switching your direct deposit from your old bank to a new one involves just a few simple steps:

1. Open a new bank account at your preferred financial institution.
   
2. Download and complete a direct deposit authorization form. You’ll need your new bank account number and the routing number.
   
3. Submit the form to your employer, benefits provider, or payroll service.
   
4. Verify the first deposit lands in your new account before closing your old one.
   

Optimize Your Banking Experience Today

Don’t let the fear of switching banks keep you stuck in a relationship that no longer serves you. With Midwest BankCentre, you get the tools, support, and local commitment to make the transition smooth and successful. Contact Us Today!