SWITCHING BANKS IS A HASSLE. WE’RE CHANGING THAT.
There’s a Difference
Morgan
Federal
Open a checking account at Morgan Federal Bank
Switching banks can be a big hassle.
If you’re like a lot of people, you have probably considered changing banks many times. Sometimes it’s because you’ve moved or changed jobs, or perhaps your bank was inattentive or didn’t seem to appreci-ate your business. Or, maybe you’re just tired of waiting in those long teller lines?
Whatever the reason, you also haven’t switched because it’s just too much of a hassle. Until now. In your hands you have Morgan Federal Bank’s Switch Kit. It has everything you need to make moving your checking account a cinch. All the forms you need are included with easy to follow steps. Don’t feel like completing the Switch Kit yourself? No problem! Just ask one of our many staff employees to do it for you (you will need to sign a few pages, though).
FREE GIFT
Have questions? Give us a chance to show you how helpful we are.
A few things you need to know to make the switch...
Switch Kit: Instructions
Step 1: Open your Morgan Federal Bank Account. Make sure that you have your new Morgan Federal
Bank account numbers (or checks) available. You will need your account numbers and our routing number.
Step 2: Stop using your old accounts. Terminate direct deposits and automatic payments that are made to
your old bank account. Destroy those unused checks, ATM & debit cards and deposit slips.
Step 3: Sign up for (or change) direct deposit. If you like, you can use the attached direct deposit forms to
notify your employer and other businesses/organizations that you have a new checking account with Morgan
Federal Bank. Fill out the form using the bank routing number & account number from your new checks.
If you are currently receiving social
security or government checks,
you should consider having those
checks direct deposited into your
account. Why wait to get your
money? The fastest and easiest
way to get direct deposit (or to
change the one you already have)
is to go to www.ssa.gov/deposit
and fill out the direct deposit
sign-up form. You can also call Social
Security/SSI: 1-800-772-1213. For Veteran’s Benefits: 1-800-827-1000 or 1-877-838-2778.
Step 4: Change all automatic payments you already have. Many of us already have a lot of our monthly
payments deducted automatically from our checking accounts. Make sure you change those to reflect
your new information. You can use the attached Automatic Payment Change Request form to notify the
companies/organizations of your new account information.
Step 5: Close your old account. Once all your checks from your old account
have cleared and your automatic payments and direct deposits have changed to
your new account, fill out the attached form to notify your previous financial
institution that you would like to close your account.
Automatic Payment Change Request Forms
Do you use your checking account to make automatic payments?
If you do, you’ll want to notify these companies to begin taking your payments from your new Morgan Federal Bank checking account.
Complete the forms below and place them in an envelope along with a voided check from your Morgan Federal Bank checking account. Send the envelope to the companies that you would like to authorize to make withdrawals from your new account.
Remember, if you ever need assistance with these forms, just ask any Morgan Federal Bank employee for help.
Automatic Payment
Change Request Form
To (Payee Name): Payee Address:
Your Account Number (the account number with this company):
3 0 7 0 7 0 2 7 0
MFB Routing Number
1 0 - 6 0 0
-Your MFB Account Number (last 5 digits)
Name
Address
Phone
Signature
I have opened a new account at Morgan Federal Bank. Please adjust your records so that my electronic payments to you are deducted from this new account. Thank you.
Automatic Payment
Change Request Form
To (Payee Name): Payee Address:
Your Account Number (the account number with this company):
3 0 7 0 7 0 2 7 0
MFB Routing Number
1 0 - 6 0 0
-Your MFB Account Number (last 5 digits)
Name
Address
DIRECT DEPOSIT ENROLLMENT
Taking the hassle out of getting to the bank in time to deposit your checks!
Aside from just taking the hassle out of having to get to the bank in time to
deposit your checks, direct deposit has a lot of other benefits:
Immediate availability of funds.
•
Quick and timely deposit of payroll, SSA benefits, and more.
•
No lost or stolen checks.
•
No need to spend time visiting the bank or ATM to deposit checks.
•
Payments can be divided automatically between different accounts.
•
It’s FREE!
•
How can you sign up for direct
deposit?
Ask your employer if they have
a direct deposit form. If your
employer has a form available,
complete their form for a new
direct deposit OR a change
request. If your employer does
not have a form for you, you can
use the form we have created
for you on the following page.
Please make sure that you fill it out using your NEW account and routing numbers.
The form we have made for you is very versatile and can be used in almost all businesses
and organizations. Make sure you ask your employer how they would like to proceed first.
Another bonus? This form can be used for dividend payments and insurance earnings as
well.
Let’s get that money straight into your account!
YOUR money, in YOUR account
automatically!
DIRECT DEPOSIT ENROLLMENT FORM
Please complete this form for your employer. If your employer has provided you with their
own direct deposit enrollment form, please use the form provided to you by your employer.
This form will notify your employer that you want your proceeds (paycheck) deposited
directly into your specified Morgan Federal Bank accounts.
New Request Change Request
Your name Your address
Social Security Number Your phone number
I hereby authorize (company/organization)____________________________________________
to initiate credit entries and to initiate, if necessary, debit entries and adjustments for any credit
errors to my account(s) with Morgan Federal Bank. This authority is to remain in full force and
effect until the originator (company/organization) has received written notification from me of its
termination in such time and in such manner as to offer the originator (company/organization) and
Morgan Federal Bank a reasonable opportunity to act on it.
Primary Account
Bank: Account Type: Checking Savings Account Number:_____________________ Routing Number:
307070270
Amount to deposit:
Net amount Other______________
Specify fixed amount
Secondary Account
Bank: Account Type: Checking Savings Account Number:_____________________ Routing Number:
307070270
Amount to deposit:
Net amount Other______________
Specify fixed amount
Direct Deposit
Enrollment
CLOSE ACCOuNT NOTICE
To:
From:
Please close the account(s) noted below and mail the balance, including any accrued interest to:
Me, at the above address
Morgan Federal Bank
321 Ensign St.
Fort Morgan, CO 80701
Account number:_______________________
All transactions have cleared the account(s) and all direct deposits and/or automatic payments have
been stopped.
Account Type & Account Number Authorization
Checking Account
_________________________________________ Account Number
I hereby authorize the closure of my account. All my checks have cleared the account to be closed and all direct deposits and automatic payments have been stopped.
Signature _____________________________________ Joint Owner ___________________________________ Checking Account
_________________________________________ Account Number
I hereby authorize the closure of my account. All my checks have cleared the account to be closed and all direct deposits and automatic payments have been stopped.
Signature _____________________________________ Joint Owner ___________________________________ Savings/Money Market Account
_________________________________________ Account Number
I hereby authorize the closure of my account. All my checks have cleared the account to be closed and all direct deposits and automatic payments have been stopped.
Signature _____________________________________ Joint Owner ___________________________________ Savings/Money Market Account
_________________________________________ Account Number
I hereby authorize the closure of my account. All my checks have cleared the account to be closed and all direct deposits and automatic payments have been stopped.
Thanks for choosing Morgan Federal
Bank
Online Banking for more convenience
Hey, are you ready to bank online? You can get started right away. All you need is a Morgan Federal Bank account. Just go to www.morganfed.com and select “Sign Up” button. Then, just follow the instructions. You will be signed up for online banking as soon as you bring in your signed online banking authorization form.
E-Statements
With E-statements, you can receive your Morgan Federal Bank monthly or quarterly statements online. E-statements, allows you to receive timely, accurate and convenient access to electronic statements. E-statements can reduce the costs and waste associated with manually processing paper statement while providing a more secure way to access the information you need about your accounts.
Get quick access to all of you accounts using a web-enabled mobile device, such as a smart phone or tablet.
Mobile Web
We’re glad you’re banking with Morgan Federal Bank. Now that you’ve brought your account here, please take a moment to learn more about us.
Locally managed since 1935, we are known as Morgan County’s premier mortgage loan provider.
We have great checking accounts, loans, money market accounts, certificates of deposits and more! And our friendly bankers are here waiting to help you with any questions you might have.
Give us a call at 970-867-2443 and get information right over the phone or visit us online at morganfed.com.
We have handy financial calculators available on our website. Just go to www.morganfed.com and click on ‘calculator’ under the loan tab.
