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It’s easy to make the switch to Minnesota Bank & Trust.

Our Business Switch Kit provides the useful information

and tools you need. So let’s get started. Just follow the

five steps outlined below.

1. Visit Minnesota Bank & Trust. Any banker will be glad to help you through

the account opening process. Make sure you bring the following:

• Your business license

• Incorporation papers (if applicable)

• Tax Identification or SSN

• Driver’s license

2. Discontinue using your old account. It could take up to two statement cycles for all your

outstanding checks and items to clear. In the meantime, go ahead and destroy any

unused checks, deposit slips, ATM cards and debit cards.

3. Change automatic withdrawals and deposits.Use Attachment A to change any automatic

withdrawals or payments. Use Attachment B to change any automatic deposits. Don’t

forget those accounts that might use your debit card number, as well as merchant

services transactions, insurance payments, or loan payments.

4. Change accounts for payroll processing. Send Attachment C to your payroll provider so

they can begin processing your payroll from your new Minnesota Bank & Trust account.

5. Close your old business checking account. You do not have to go to the bank to close

your old business checking account. After all checks and debit items are cleared, simply

complete and send Attachment D to your former bank and your account will be closed.

If there is a remaining balance, they should send you a check at your request.

It’s that easy!

Business Switch Kit

B A N K & T R U S T

MINNESOTA

(2)

Date

Financial Institution Name Address

City State Zip

Re: (Account Number)

To Whom It May Concern:

Effective

______________________

, please close the following business checking account #:

_______________

and send a check for the remaining balance to the address below.

If you have any questions, please let me know. Thank you. Phone

_____________________________________

Sincerely,

Signature - Primary Signer Name (please print) / Title Signature - Secondary Signer Name (please print) / Title Company Name

Address

Attachment D

Please close my business checking account

(date)

B A N

B A N K K & & TT R U SR U S TT

(3)

Date

Payroll Company Name Address

City State Zip

Re: (Account Number)

To Whom It May Concern:

I’ve recently changed banks. I have chosen Minnesota Bank & Trust to be my new business banking partner. Effective

___________________,

please stop processing my payroll from:

Former Bank r e b m u N t n u o c c A r e b m u N g n i t u o R

Effective

___________________

, please start using my new Minnesota Bank & Trust account for

If you have any questions, please let me know. Thank you. Phone

_____________________________________

Sincerely,

Signature - Primary Signer Name (please print) / Title Signature - Secondary Signer Name (please print) / Title Company Name

Address

City State Zip

Attachment C

Please change accounts for payroll processing

This form should be used as a template for your letters.

(date)

(date)

091018302

Minnesota Bank & Trust Account Number Minnesota Bank & Trust Routing Number

processing my company’s payroll.

B A N

B A N K K & & TT R U SR U S TT

(4)

Date

Company Name Address

City State Zip

To Whom It May Concern:

I’ve recently changed banks. I have chosen Minnesota Bank & Trust to be my new business banking partner. You are currently depositing $

___________________

into the following bank account:

Former Bank r e b m u N t n u o c c A r e b m u N g n i t u o R ) h t n o m f o y a d ( n O ) n o s a e r r o t n e m y a p ( r o F

Effective

___________________

, please stop making this deposit into the above account and start making this deposit into my new Minnesota Bank & Trust account.

) h t n o m f o y a d ( n O ) n o s a e r r o t n e m y a p ( r o F

If you have any questions, please let me know. Thank you. Phone

_____________________________________

Sincerely,

Signature - Primary Signer Name (please print) / Title Signature - Secondary Signer

Attachment B

Please change accounts for automatic deposits

(date)

Minnesota Bank & Trust Account Number Minnesota Bank & Trust Routing Number

091018302

B A N

B A N K K & & TT R U SR U S TT

(5)

Date

Company Name Address

City State Zip

To Whom It May Concern:

I’ve recently changed banks. I have chosen Minnesota Bank & Trust to be my new business banking partner. You are currently withdrawing $ _________________ from the following bank account:

Former Bank r e b m u N t n u o c c A r e b m u N g n i t u o R ) h t n o m f o y a d ( n O ) n o s a e r r o t n e m y a p ( r o F

Effective _____________________ , please stop making this withdrawal from the above account and start making this withdrawal from my new Minnesota Bank & Trust account.

Minnesota Bank & Trust Account Number ) h t n o m f o y a d ( n O ) n o s a e r r o t n e m y a p ( r o F

If you have any questions, please let me know. Thank you. Phone _____________________________________

Sincerely,

Signature - Primary Signer Name (please print) / Title Signature - Secondary Signer Name (please print) / Title Company Name

Address

City State Zip

Attachment A

Please change accounts for automatic withdrawal

This form should be used as a template for your letters. (date)

Minnesota Bank & Trust Routing Number 091018302

B A N

B A N K K & & TT R U SR U S TT

(6)

Identify automatic deposits and deductions you’ll be switching to Minnesota Bank & Trust.

If you have not already opened an account, please visit our office.

— Automatic Deposits

These are recurring payments automatically deposited into your account on a regular basis.

— Automatic Deductions

These are recurring payments automatically withdrawn from your account on a regular basis.

— ABA Routing Number

This is the first group of nine numbers found at the bottom left side of a check.

Balance your old account to determine the amount needed to cover outstanding checks,

ATM withdrawals, debit card purchases or any other transactions.

— Get up-to-date

Use all receipts and your check register to identify items not yet on your statement.

— Remember, don’t close your former account immediately

It may take up to two statement cycles for all outstanding items to clear.

Instruct companies to direct recurring automatic deposits into your new Minnesota Bank & Trust

account.

— Track Your Request

To confirm your automatic deposits are being deposited into your new Minnesota Bank & Trust

account, check your statement; sign up and log onto your Business Online Banking account

at www.mnbankandtrust.com; or call 952.841.9300 or toll-free 888.512.6268.

— Follow Up

Automatic deposits should take effect within three deposit periods. Keep your former account

open until all automatic deposits have been switched to your Minnesota Bank & Trust account.

If you don’t see the deposit by this time, please contact the company making the deposit.

Inform companies to have payments automatically deducted from your new Minnesota

Bank & Trust account.

— Track Your Request

To confirm your automatic deductions are being withdrawn from your Minnesota Bank

& Trust account, check your Minnesota Bank & Trust statement; sign up and log onto

your Business OnLine Access account at www.mnbankandtrust.com; or call

Helpful Information

Get Prepared

Checks & Balances

Automatic Deposits

Automatic Withdrawals

B A N

B A N K K & & TT R U SR U S TT

References

Download now ( PDF - 6 Page - 786.29 KB )

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