How To Switch Your Bank For Better Rates

Vote with your feet and get better rates from switching banks. Increasing fees on everything from checking accounts to ATM(s), higher interest rates on loans and lower interest rates on saving accounts — this is all happening and why you might want to consider switching banks. Are you tried of increasing fees, non convenience hours, or poor customer service? There is no reason to put up with bad banking behavior, or low interest rates — Switch Banks.

Shop around. Voice your opinion with your feet and get better rates, customer service, and hours that work for you.

Hate Your Bank? Learn How to Switch Banks

Before switching banks, there are some steps you should take first. Knowing these steps can save you time and money.

• Banks often have Switch Kits. A Switch Kits contains all of the forms and authorization papers you need to switch from one bank to another.
• Always leave some money in the old bank account (1-3 months) to make sure all checks have cleared before closing the account.
• Make sure your new bank has online account access. You will want to be checking this new account to make sure all direct depositing and transfers are occurring.

Banks may want you to think that switching banks is a nightmare, but it doesn’t have to be. Vote with your feet and get better rates.

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Other Resources

• FDIC Administrative Orders
• Emigrant Direct High Interest Accounts
• Wachovia Bank CDs
• FDIC Investments With Banks