Switching is easy, just follow these 5 steps:
- Open your MTEFCU account: Stop in to open your account. Make a note of your account number and routing number.
- Stop using your old accounts: Let all your checks clear. This could take up to 10 days. Destroy any unused checks, Debit/ATM cards and deposit slips.
- Change direct deposits: Fill out the Direct Deposit Authorization form and give it to your employer, the Social Security Administration, or your retirement plan. Include a new deposit slip or voided check.
- Change automatic payments: Fill out the Automatic Payment Transfer form in our Switch Kit to change all automatic withdrawals or automated payment services. Don’t forget about debit card automatic payments made online.
- Close your old accounts: Fill out the Account Closure Request form in our Switch Kit and send it to your previous financial institution. Your old bank will send a check to your new MTEFCU account if you have a remaining balance after all your checks clear. It’s as simple as that!