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I need to be able to write checks and pay bills, but how do I get my accounts from where they are to the other state? I've never actually moved interstate, so haven't a clue how to accomplish this item on my list.
...how do I get my accounts from where they are to the other state?
Are you changing banks when you move?
Most don't need to (because most use BOA or Wells Fargo etc)
---
If you are changing banks to one of the smaller non-national ones...
plan to keep the old account open for a while as you switch your activity over to the new account.
After a couple of months do a final transfer and CLOSE the old account
DO NOT leave it open.
If you are using big chains (BoA, Wells, Chase, etc.) there is nothing you need to do. If you are using local banks you need to make sure all your checks clear at your old bank, don't write any new checks, cancel all auto-pays, and then go into the bank and say you are closing your account. They will give you your funds (check or cashiers check etc...) and then when you go to your new state/area you go into a bank and open an account. This is how it worked when I closed then opened a new account.
Before I moved to Iowa, I visited several times. First, I got a PO box, and on the last visit, I opened an account with a local credit union, using the PO box as the address in case the house I was buying fell through. I started routing money into that account, using that debit card, and closed my accounts at banks in Ohio when I moved. I also used cash and internet payments during my final month in Ohio.
I use a local savings bank chain and will transfer to similar when I move. I've already found the bank I want. I guess I need to know if I open an account on a visit to get the ball rolling, can I have everything transferred? Is there a fee? How much is it?
Or can I leave my money where it is and show up with the intention of opening a big account with everything transferred at once? Should I talk to my bank here first?
Are you changing banks when you move?
Most don't need to (because most use BOA or Wells Fargo etc)
---
If you are changing banks to one of the smaller non-national ones...
plan to keep the old account open for a while as you switch your activity over to the new account.
After a couple of months do a final transfer and CLOSE the old account
DO NOT leave it open.
I use a local savings bank chain and will transfer to similar when I move. I've already found the bank I want. I guess I need to know if I open an account on a visit to get the ball rolling, can I have everything transferred? Is there a fee? How much is it?
Or can I leave my money where it is and show up with the intention of opening a big account with everything transferred at once? Should I talk to my bank here first?
If you're planning to transfer to a new bank chain and you have already selected that new bank, you would do well to open a small account there when you visit.
However, before doing so, give them a call and get more details about opening an account, transfer times and fees if any.
Your old bank doesn't need to know your plans until you're ready to execute the move to the new one (they may charge a wire fee, but wiring large funds is fast and easy).
I don't know if this is true, but I have heard that banks and credit rating agencies consider the balance with which you opened an account in evaluating your credit. So, opening an account with $1,000 or $10,000 makes you look good, forever, than if you open an account with $50.
As I say, I don't know if this is true, but if someone could confirm it it might be useful to know.
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send me all your money and i`ll hold it for you till you get settled ...
