Switching banks

Switching banks can save on service fees and get you better loan terms. The switch goes smoothly when you move your accounts, bills and automatic payments in a planned way.

You will need

• Your current bank's services and fees
• A list of automatic payments

Steps

1. Compare banks

   Compare the monthly fees for the account, card and online banking, as well as loan terms.

2. Open a new account

3. List recurring payments

4. Give out your new account number

5. Move your bills

6. Move savings and investments

7. Keep the old account for a while

8. Close the old account

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