SWITCHING BANKS IS A HASSLE. WE RE CHANGING THAT.

Transcription

1 SWITCHING BANKS IS A HASSLE. WE RE CHANGING THAT. Morgan Federal Bank There s a Difference MEMBER FDIC

2 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 appreciate 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). Have questions? Give us a chance to show you how helpful we are. Stop by the bank. Call FREE GIFT Open a checking account at Morgan Federal Bank and receive a FREE gift 2

3 Switch Kit: Instructions A few things you need to know to make the switch... 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. Routing Number 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 and fill out the direct deposit signup form. You can also call Social Security/SSI: For Veteran s Benefits: or 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. 3

4 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 To (Payee Name): Change Request Form Payee Address: Your (the account number with this company): MFB Routing Number Your MFB (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 To (Payee Name): Change Request Form Payee Address: Your (the account number with this company): MFB Routing Number Your MFB (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. Please make additional copies of forms as needed. 4

5 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! Routing Number 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! 5

6 Direct Deposit Enrollment Form 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 Primary Account Bank: Account Type: Checking Savings Secondary Account Bank: Account Type: Checking Savings : : Routing Number: Amount to deposit: Net amount Other Specify fixed amount Routing Number: Amount to deposit: Net amount Other Specify fixed amount 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. Signature Date Please make additional copies of forms as needed. 6

7 To: Close Account Notice 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 Account number: All transactions have cleared the account(s) and all direct deposits and/or automatic payments have been stopped. Account Type & Checking Account Checking Account Savings/Money Market Account Savings/Money Market Account Authorization 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 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 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 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 7 Please make additional copies of forms as needed.

8 Thanks for choosing Morgan Federal Bank 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. Morgan Federal Bank 321 Ensign Street Fort Morgan, Colorado Phone: Lobby Hours Mon - Fri: 8:00 a.m - 5:00 p.m Drive Thru Hours Mon - Fri: 7:30 a.m - 5:30 p.m 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 and get information right over the phone or visit us online at morganfed.com. 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 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. Mobile Web Get quick access to all of you accounts using a web-enabled mobile device, such as a smart phone or tablet. E-Statements We have handy financial calculators available on our website. Just go to and click on calculator under the loan tab. 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. Pay all your bills conveniently, online! Once you have signed up for online banking, check out our online bill pay. No more buying stamps or running to the post office and no more check writing! Pay an unlimited amount of bills for only $0.75 each. Online Bill Pay 8