Checking Account Switch Kit

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Checking Account Switch Kit

Tired of paying fees just to have a checking account? If so, it’s time to switch your checking account to your credit union where you get FREE Checking with NO surprises!

The forms you will need to make the switch follow this instructions page. Print the forms you’ll need and follow the quick steps below to switch your checking account to Your Credit Union.

1. Open Your Checking Account. Complete a checking account application. Be sure to

a) Select the accounts you wish to use for Overdraft Protection and b) Check the Opt In or Opt Out box regarding Overdraft Privilege. Get details on Overdraft Protection and Over-draft Privilege on our Website or call our Member Service Call Center at 800-632-0210. Re-turn your application to us, either in the mail or by dropping it off at your nearest credit union branch office. If someone will be joint on your checking account, be sure to include their personal information in the body of the form and have them sign at the bottom, just below your signature.

Note: Checking accounts are opened following a Check Systems History report. Proceed with the following steps after you have been notified that your Credit Union checking account has been approved.

2. Switch Your Direct Deposit. If your employer is sending your paycheck directly to your

current checking account (or a savings account) at another financial institution, use the “Authorization to Switch Direct Deposit” form to notify your employer to begin sending your paycheck directly to your credit union. If you work more than one job with direct deposit, print one for each employer.

3. Switch Your Automatic Payment Drafts. If you have automatic payments (insurance,

loans, utilities, club dues, etc.) drafted regularly out of your current checking account, use the “Instructions to Switch Payment Drafts” form to notify the payee to stop drafting your current financial institution and begin drafting your checking account at your credit union. Print one copy for each payee.

4. Close Your Accounts At the Other Financial Institution. Use the ”Instructions to Close Account(s)” form to send to your current financial institution instructing them to close your account and transfer any remaining funds to your credit union. Print as many as you need for multiple financial institutions.

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Authorization to Switch Direct Deposit

(Please mail or deliver to your company payroll department.)

_______________________________ _______________ ______________________

Employee Name Employee ID Social Security No.

___________________________________________________________________________

Employee Address, City, State, Zip

Attention Payroll Department

I am switching financial institutions and I hereby authorize you to switch my direct deposit to my new checking account at my Credit Union.

Direct my paycheck deposit to: Summit Credit Union — Routing & Transit No. 253176118

My Summit CU Account Number: _____________________

(the 10-digit number at the bottom of your checks)

Effective Date:

As Soon As Possible

Specify Date ______________________ If this letter is not sufficient to change my direct deposit, please contact me and/or send me the necessary forms.

If you have questions, please call me at _______________________________ or contact Summit Credit Union at 800-632-0210.

Thank you.

_______________________________________

Employee Name

_______________________________________ ___________________

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Instructions to Switch Automatic Payment Drafts

(Please mail or deliver to each payee that is drafting your current checking account.)

To: _______________________________________

Name of Payee (utility company, lender, health club, etc.)

Re: _______________________________________

My Account Number with this Payee

___________________________________________

Your Name

___________________________________________________________________________

Your Address, City, State, Zip

I have recently moved my checking account and hereby instruct you to switch the drafting of my payment to you to my new account at Summit Credit Union. Note that this payment has previously been drafted from my account at __________________________________, which is now, or soon will be, closed.

Summit Credit Union — Routing & Transit No. 253176118

My Summit CU Checking Account Number: _____________________________

Effective Date: ______________________

Thank you.

_______________________________________

Print Your Name

_______________________________________ ___________________

Signature Date

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Instructions to Close Account(s)

(Please mail or deliver to each financial institution where you wish to close accounts.)

To: _______________________________________

Name of Financial Institution

Re: _______________________________________

My Account Number with this Financial Institution

_______________________________

Your Name

___________________________________________________________________________

Your Address, City, State, Zip

I hereby authorize you to close my accounts as listed below:

Savings — Account Number if Different from Above ______________________

Checking — Account Number if Different from Above ______________________

Certificate — Account Number if Different from Above ______________________

Money Market — Account Number if Different from Above ______________________

Other ________________ — Account Number if Different from Above ______________________

Please transfer any remaining balance via check to:

Summit Credit Union, 8210 West Market Street, Greensboro, NC 27409

Please include this account number on the check ___________________ and make note on the check that it is for my benefit.

Or transfer remaining funds electronically to:

Summit Credit Union — Routing & Transit No. 253176118

My Summit CU Checking Account Number: _____________________________

Effective Date: ______________________

Thank you.

_______________________________________

Print Your Name

_______________________________________ ___________________

Checking Account Switch Kit