Besides packing and loading, relocation can have many problems, and switching your bank accounts is also one of them. For example, when you move to a new place, you may face that there are no local bank branches in that area. So, you should switch your bank account to a new one or change the bank before or immediately after the move.

There are many benefits of changing your banks. First, the bank at the new location may have a better offer on the transaction, and most importantly, it will be easily accessible and manageable for you. Also, it may offer you lower transaction fees and provide deals on cards.

Changing banks may take time and effort, but it is ultimately worth it. So, if you have decided to switch your bank before or after the relocation, below are some advice and suggestions that you should consider before switching your banks.

What Factors Decide If You Should Switch Banks?

Check Nearby ATMs And Branches Of Your Current Bank

You should consider changing banks if there are no ATMs or branches of your current bank in your new area. If you have to go to the bank or ATM often, you should consider switching banks. You should ask questions like: 

  • Do you usually visit the atm? 
  • Are you comfortable with mobile banking? 
  • Can you travel to your old location for any bank work? 

If you have answered “NO” to all these problems, you should consider switching your banks.

Unsatisfactory Services From Your Current Bank

In some conditions, you may not be satisfied with the services of your current bank. For example, perhaps you have an issue with monthly fees or poor customer service, and relocating is the final point that may encourage you to switch your bank account. And if this is the case, switching may be worthwhile.

How To Change Banks When Moving?

A few steps are involved in changing the branches, but it is easy and simple to implement. So, here are the following steps to switch banks without any hassle:

1. Compare Facilities Of Different Bank In Your Nearby Area

You should make a list of banks near your new home. Then look at their offers and what they provide to their customers. Note down every detail of their services. It will help you in selecting an ideal bank for you. Comparing banks based on interest rates, fees, transaction restrictions, atm access, and minimum balance needs is necessary. 

It is also necessary to check all the positive or negative reviews of the bank and then make a choice. Once you have made a list, you can start comparing them by accessing their offerings and choosing the one that suits your needs.

2. Select A New Bank

Select a new bank that offers the best facilities near your home or office if you’re looking for a traditional bank. Whether you shift to an in-person or online account, ensure there are ATMs closer to your new place if you want them. It would help if you also looked at the costs charged by a bank. Consider looking for a bank that doesn’t impose overdrafts or international transaction fees.

3. Open An Account

When you choose a safe and reputed bank that matches your requirements and has a handy branch location, open an account immediately – be aware that it can require up to ten working days to obtain your debit card. 

Open an account in the new bank branch. For this, a government-issued identity, social security number, and evidence of address are required. Based on the institution, you may also be required to make an initial payment for every account.

4. Take A Look At Your Automatic Bill Pays & Pending Cheques

Examine your banking information, noting monthly bills and costs routinely collected through the bank’s bill-pay system. Keep an eye out for monthly mortgages, gym memberships, credit card bills, and anything else that is regularly withdrawn from your account.

5. Update Autopay Data

Have you synced any monthly bills to the bank account that are deducted regularly each month? Make sure to direct these transactions to the new account. If a company attempts to withdraw funds from an account that no longer exists, your bill may go unpaid, potentially causing problems and harming your credit score. If your funds are deposited directly into your account, notify your company that you have a new account. This way, you’ll get your automatic payments on time.

6. Closing Of The Previous Account

Closing your former account is the last stage in switching banks while moving. But don’t do it too soon – it’s advisable to keep your old account available for a few weeks after the move until you’re certain that all of your automatic transactions are flowing from the new account or all of your income is being redirected to it.

Visit your former bank before moving or phone to notify a staff member that you wish to shut your accounts. When the account is closed, the institution will send you a written document saying that your account is shut.


You should refer to these steps if you want to switch banks when moving. These steps will help you switch your bank and get a new account easily. 

But before making any decisions, you should ask your bank if they provide services in your new area. Though you may have to visit a branch for some time, it will be worth it. You will not face any issues if they have a branch in your new area. But, if they don’t, you have to consider changing banks. Then, transfer your account to a new bank that offers better deals. 

And if you want to make relocation easier and stress-free, contact Movers Who Cares. We will provide you with the best moving and packing services to make your relocation easier and give you times to do these essential tasks related to moving. 

Contact us today for more details and offers on our removals services.

Call on 1800-849-008 Or

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