San Mateo Credit Union Easy Switch Kit

Transcription

1 San Mateo Credit Union Easy Switch Kit Switch your accounts to San Mateo Credit Union in three easy steps. SMCU has made moving your accounts easy. The letters and forms that you need to switch are provided in this packet. All you need to do is print and mail the letters to the appropriate companies and/or individuals. Three Easy Steps. 1. Open a membership account. You can apply online or by visiting one of the SMCU branch locations. 2. Download and mail all of the necessary forms listed on the Easy Switch checklist. 3. Close your account at your old financial institution. Verify that all checks, card transactions, and scheduled bill payments have cleared your old checking account P.O. Box 910 Redwood City, CA

2 Easy Switch Checklist Please print out this checklist and check off the boxes on your printed copy to ensure that you complete all of the necessary steps. Open your membership and checking account at San Mateo Credit Union (SMCU). You may do this at any of our branch locations or by applying online. Verify certain funds are available in your old account to cover any automatic payments, checks and debit card transactions that may still be withdrawn. Check maturity dates on Certificates if transferring in order to avoid early withdrawal penalties. Direct Deposit Change Request Form Send written notices to companies with which you have direct deposit (employer, government deposits, pensions, transfers from other financial institutions, investment dividends, child support or court-issued deposits, etc.) notifying them that you want to switch your direct deposits to your new SMCU account. Authorization Agreement for Direct Deposit Form Send written notice to set up direct deposits with any new companies or individuals. To change Social Security Deposits, visit: Or call the Social Security Administration: (TTY ) SMCU Routing/Transit number: Authorization for Canceling Automatic Payment Form Send written notices to companies that automatically take payments from your checking (utilities, mortgage, insurance, brokerage, credit cards, internet service providers, transfers to banks, child support or court-issued payments) notifying them that you are closing the account. Authorization for Transferring Automatic Payment Form Add a notification with your new account if you wish to move and continue automatic payments at SMCU. Authorization for Automatic Payment Form Send a notification if you wish to add new automatic payments. Contact companies that take payments from your old checking account using a debit card. Inform them of your new SMCU debit card number and expiration date. If you prefer, you may set up this payment as an automatic payment rather than debit card payment using the Authorization for Automatic Payment Form. Verify your direct deposits and automatic payments have begun posting to your new account. Account Closing Request Form Send written notice to your old financial institution informing them you are closing your account. Please be aware that completion of the switch transfer process may take up to two statement cycles to complete depending on your other financial institution; plan ahead and maintain access to funds for your use and current payments.

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5 Direct Deposit Change Request To: From: Address: (Direct Deposit Source) (Name) (Street Address) (City) (State, Zip) Social Security Number: RE: Change of Direct Deposit Routing: Please discontinue sending my automatic direct deposit to Account Number: (checking/savings) and/or Account Number: (checking/savings) with (Financial Institution) Please begin sending the same deposit to San Mateo Credit Union. San Mateo Credit Union s rout ing information is: San Mateo Credit Union P.O. Box 910, Redwood City, CA Transit/ABA# Deposit instructions: Deposit entire amount to Checking Account Number: Deposit $ to Savings Account Number: and the remainder to Checking Account Number: I hereby authorize: Above listed entity to initiate deposit of my funds to my San Mateo Credit Union checking or savings account. San Mateo Credit Union to credit entries to my account(s). This authorization to remain in effect until I send written notice of change or cancellation. Signature: Date:

6 Authorization Agreement for Direct Deposit Please review and complete the following information. Return this form to your employer s human resources office. Direct Deposit Authorization: Name: Social Security Number: Address: City: State: Zip: Company Name: Company City: Company Address: State: Zip: Deposit instructions: Deposit entire amount to Checking Account Number: Deposit $ to Savings Account Number: and the remainder to Checking Account Number: San Mateo Credit Union P.O. Box 910, Redwood City, CA Transit/ABA# I hereby authorize: Above listed entity to initiate deposit of my funds to my San Mateo Credit Union checking or savings account. San Mateo Credit Union to credit entries to my account(s). This authorization to remain in full force and effect until I send a written notice of change or cancellation. Signature: Date:

7 Authorization for Canceling Automatic Payment (insert date) Dear: I am writing to inform you of a change in my banking relationship concerning my Account Number: (vendor account #). I currently have my withdrawn from my Checking/Savings Account Number: (bank or credit union name) (name of vendor) on the (1st, 15th, etc.) payment automatically of the month. I would like to cancel these monthly transactions, and submit this letter as written notification of that intention. I understand I need to give you at least two weeks notice prior to the next scheduled transaction. at Therefore, I expect the last transaction to be the one dated (date of last transaction).. Thank you for your prompt attention to this request. Sincerely, Signature: Date: Second Signature (if joint account): (name) (street address) (city, state, zip) (phone number)

8 Authorization for Transferring Automatic Payment (insert date) Dear: (name of vendor) I am writing to inform you of a change in my banking relationship concerning my Account Number: (vendor account #). I currently have my (name of vendor) payment automatically withdrawn from my Checking/Savings Account Number: at (bank or credit union name) on the (1st, 15th, etc) of the month. I would like to transfer these monthly transactions to my new financial institution, San Mateo Credit Union, and submit this letter as written notification of that intention. I understand I need to give you at least two weeks notice prior to the next scheduled transaction. Therefore, I expect the last transaction to be the one dated and the first one from San Mateo Credit Union to be dated (date of last transaction) (date of next transaction). Thank you for your prompt attention to this request. I have enclosed an Authorization for Automatic Payment form that includes the information necessary for you to begin withdrawals from my San Mateo Credit Union account. Sincerely, Signature: Date: Second Signature (if joint account): (name) (address) (phone number) Enc:

9 Authorization for Automatic Payment (Send this form to your vendor) Name: Phone Number: Address: City: State: Zip: Bank Name: San Mateo Credit Union Routing Number: Bank Address: San Mateo Credit Union P.O. Box 910 Redwood City, CA Bank Account Number: Checking Account Savings Account Vendor Name: Vendor Account Number: Payment Amount: $ I (we) authorize (vendor name) checking/savings. to initiate variable entries to my This authorization will remain in effect until I notify (vendor name) in writing to cancel it in such time as to afford reasonable opportunity to act. (vendor name) a I also agree that I remain obligated to pay for these services in the event that a charge to my account is dishonored, for whatever reason, and that (vendor name) retains its normal collection rights. Signature: Date: Second Signature (if joint account): NOTE: FOR VERIFICATION PURPOSES ATTACH A VOIDED SAN MATEO CREDIT UNION CHECK IN THIS AREA

10 Account Closing Request To: From: (Bank you are closing account with) (Primary Account Holder) (Secondary Account Holder) Address: (Street) (City) (State, Zip) Please close the following accounts with your institution: Account # Account # Account # Account # Checking Checking Checking Checking Savings Savings Savings Savings Money Market Money Market Money Market Money Market Other Other Other Other Please send any funds remaining in these accounts to: The address shown above. The following address: (Street) (City) (State, Zip) To my account at: San Mateo Credit Union P.O. Box 910 Redwood City, CA Account Number: Primary Account Holder Signature: Date: Secondary Account Holder Signature: