How to Switch to a Local Bank
Switching to a new bank may seem stressful, and whatever your reason for leaving your current bank, you need to be aware of the requirements from both banks. Local banks may be more beneficial as they may have lower fees or offer greater personable services, so research your options before switching banks.
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Instructions
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Research local banks and credit unions. Compare information such as monthly account fees, ATM fees, minimum balance requirements, withdrawal limits and accessibility. If a bank is only located in your area, if may be fine for you if you do not travel much. If you travel often, you may consider a bank that offers locations out of state or that does not charge high fees for using other bank's ATMs.
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Open an account with the bank, or credit union, you have selected. Meet all requirements that the new bank asks of you. If you have automatic withdrawal payments set up on your current account, inquire with the new bank how to set up this feature. Many banks now offer mobile services as well. If you are interested in keeping track of your account from your phone, inquire with the bank on how to do this.
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Withdraw or transfer your money from your current bank and deposit it into your new bank account. Check with your current bank before withdrawing your money to ensure you are not charged fees.
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Visit a branch of your old bank, or send a letter, to close your account. Banks have different requirements to close your bank account properly. You may need to visit a branch in person or a letter may suffice. You will want to close your account as soon as possible as some banks may penalize you for having a zero balance.
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