Proof of mailing address or physical addressĪfter you open your new account, you’ll have to fund it a little bit or make a deposit before moving all of your money over.Photo identification (driver’s license, U.S.You will most likely need to provide a few personal documents and information such as your: You may be able to open your new account online, although some banks might require you to visit their physical branch to make that move.Įither way, everything you need to open an account is similar whether you are on your computer or in person.

Now that you’ve chosen a new bank, here comes the easy part: Open an account with your bank of choice. They can track your spending for you - all you have to do is link your bank account! Once you have that list together, it’s time for the next step. There are even mobile applications to help you through the process that will compile a list for you, such as Monarch and Truebill. This may take some time, but in the end, it’ll be worth it! For a seamless transition to your new bank account, pull up a year’s worth of transaction history to find all of these payments. It may help to review your last few bank statements to make sure you’re not missing any automatic transactions you make on a monthly basis. Make a list of all the direct deposits, automatic payments, and transfers scheduled on your old account, including the amounts and dates of the transactions, as you’ll need to set all these up in your new account.

When switching banks, it’s important to double-check that you’ve properly transferred those payments over to your new accounts so nothing gets lost in the transition. You likely have automatic payments or direct deposits set up through your current bank to pay things, like bills or subscription services, or to put money into other accounts, like for investments or additional savings. It’s a good idea to make a running list of your automatic transactions before opening your new account to see what you’re working with and evaluate your finances as a whole.

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