Switch Checklist

What you need to begin the switch process.

Previous bank account information

Bring the last few months of your statements, or log in while here and let us review. This is to note where you have direct deposits or automatic bill payments so we can contact those businesses with your new account information for the switch. It also helps us know balance and debit history to put you in the account that fits you best.

Valid driver’s license or other form of photo ID

We need to validate and document that you are you.

Details of your existing automatic payments

Any contact or billing history information from current automatic payments you have at your previous bank to convert over for you.

Details of your existing direct deposits

Employer paychecks, child support, Medicare etc. – we can get these moved for you so no hiccups occur during the switch.

Bills

We also set up your online bill pay for you. Utilities, phones, loans (even if not with us), medical, etc – bring in copies of your bills so we can hand input them into your new online bill pay portal with us.

Minimum opening deposit

Although most of our checking and savings accounts have no monthly fees, are interest bearing, and come with a debit card at no cost, we require that you deposit the required minimum amount into your new account to open it.

Two Ways to Flip the Switch

Once you have all the information collected, there's two ways to flip the switch.

Level 1

Hands On, Assistance Not Needed

This is where you want to initiate every step of the switch and handle the majority of the contacts yourself. If you want to lead the charge, you can download our switch guide and begin anytime. We alert you if any deposits or withdrawals are or are not hitting the timelines set. We’ll even help work with your previous bank and accounts to double verify the funds.

Level 2

Hand Over, We’ll Take Care of It

We want the switch to be easy for you and gain your confidence with Richwood Bank. We have a secondary level switch assistance guide that enables us to do all the heavy lifting. You’ll authorize us to work with all companies involved in your finances and make the full switch for you.  We will closely watch your account for the first couple of months to also verify all deposits, transfers, and bill payments flow seamlessly for you.

For Businesses

Are you a business?

The Switch without a Glitch is also applicable for business owners. We bring in our business expert team to help you switch ecommerce, payroll, ACH payables and receivables, merchant processing services, digital deposit scanners – all the solutions that make business run smoothly.

Business Banking ChecklistsBusiness Banking Checklists