Switch Kit

Minnesota Building Trades Federal Credit Union | Helping Union Members Succeed

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Switch Kit

New Account Conversion Checklist

You may check the boxes next to the items you've completed (if any), and then print out and keep this checklist handy. As you continue completing items, simply check off the boxes on your printed copy.

	Make sure all checks have cleared on your Share Draft Checking account.
	Make certain enough funds are available in your account to cover any automatic payments that may yet need to be withdrawn
	Double check maturity dates if transferring a Share Certificates in order to avoid possible penalties
	Send written notice to your direct deposit vendors (payroll, social security, CD interest payments, etc.) of the change in your relationship*
	Send written notice to your vendors who automatically take your payments from your Share Draft Checking account (utilities, insurance companies, internet service providers, banks, etc.) that you are closing the account*
	Send notification of new account information to vendors who you want to continue to generate automatic withdrawals instead of paying by BillPay*; or use this notification to start a new automatic payment with a vendor
	Send written notice to the financial institution that you are closing the account*

*	A form is available in this Switch Kit for this purpose.

Minnesota Building Trades Federal Credit Union Switch Kit items:

	New Account Conversion Checklist

	Account Closing Letter

	Automatic Payment Transfer Letter

	Automatic Payment Cancellation Letter

	Automatic Payment Authorization Form

	Direct Deposit Change Request

	Direct Deposit Application

	Automatic Transfer Request

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