Southern Switch Kit Guide

Transcription

1 Southern Switch Kit Guide Switching your banking to is easy when you use our Organizer Worksheet and Guide! Getting Started: 1. Open a checking account at. Stop by our office and open your new account. Remember to bring your: a. Social Security Number b. Driver s License c. Initial Deposit 2. Use the Organizer Worksheet to gather information about your new Southern Bank & Trust account and former checking account, your direct deposits, and your automatic payments. Direct Deposits (Transfer or Establish): 3. Direct deposit can save you time and allow easy access to your money. If you are transferring the direct deposit of your payroll from your former checking account or setting it up for the first time, complete the Direct Deposit Request. To establish or transfer direct deposit of other income sources, complete the Direct Deposit Request for each source. Please Note: The initial direct deposit may not occur immediately so allow sufficient time for the funds to be deposited to your new Account. Automatic Bill Payments (Transfer or Establish): 4. Automatic Bill Payment is a simple and convenient alternative to writing checks. You can have your recurring bills, such as insurance, cell phone, loans and utilities to name a few deducted from your Checking Account. Simply complete the Automatic Bill Payment Request and provide that information to the company you want to pay. Please allow sufficient time for your first automatic bill payment to be activated. Close Your Old Account: 5. Once you have confirmed that your direct deposit has been credited to your new Checking Account and/or automatic bill payments have been switched you should: a. Make sure all outstanding checks have cleared. Close your old account. You can visit the branch or complete the Account Closing Request and mail it in. b. Destroy all remaining checks, deposit tickets. ATM and debit cards for your old account.

2 Southern Switch Kit Organizer Worksheet Information Bank Name: Main Address: P.O. Box 2080, Clarkesville, GA Routing/ABA# Checking Account # Savings Account # Money Market Account # Previous Bank Information Bank Name: Main Address: Checking Account # Savings Account # Other Accounts Direct Deposit Information Do you have, or wish to have, any deposits from your employer or others (such as Social Security, VA Compensation, Interest Income), directly deposited into your new Checking Account? Employer Name: Company Name: Company Name: Automatic Bill Payment Information Do you have any automatic bill payments that you need to set up or transfer to your Checking Account? Company Name & Address Account Number Payment Amount $ Date of Payment Company Name & Address Account Number Payment Amount $ Date of Payment Company Name & Address Account Number Payment Amount $ Date of Payment Helpful Phone Numbers and Websites Social Security Administration Department of Veterans Affairs

3 Southern Switch Kit Checklist Use this sheet to track the requests you have made to other organizations regarding your direct deposits or automatic bill payments. Once you have confirmed that all accounts have been changed, you will need to destroy all remaining checks, deposit tickets and ATM/Debit cards from your old account. Direct Deposit Checklist: Date of Change Request Payment/Company Payroll Retirement Social Security Interest Account Number Amount Date of Deposit Change Complete Automatic Payment Checklist: Date of Change Request Payment/Company Mortgage/Rent Auto Loans Insurance Cable/TV Telephone Water Power Cell Phone Credit Cards Account Number Amount Date of Payment Change Complete

4 Southern Switch Kit New Account Request Use this form to request your new account. Additional information may be needed at the time of opening. Type of Account: Southern Free Checking Southern Supreme Checking Southern Classic Checking (age 50 +) Southern Money Market Other (Please specify) Account Owner/Signer Information: (For joint ownership, please complete information of the back of this form.) First Name: MI: Last Name: Street Address*: *(Please note: PO Box holders must furnish physical address as well as mailing address.) City: State: Zip: Social Security Number: Date of Birth: Home phone#: Work Phone # Cellular #: Driver s License Number: Issuing State: Expiration Date: Please note: Federal regulation requires that the Bank have on file verification of customer s identification. Please attach a photocopy of driver s license or other photo identification. Amount of Opening Deposit: $ or Current Balance $ Source of Funds: Check Cash Transfer: Special Instructions or comments: The information I have provided is correct to the best of my knowledge. I authorize to check credit and/or employment history should it deem necessary. Signature of account owner or authorized signer. Date

5 Please complete this information for additional account owners/signers: First Name: MI: Last Name: Street Address*: *(Please note: PO Box holders must furnish physical address as well as mailing address.) City: State: Zip: Social Security Number: Date of Birth: Home phone#: Work Phone # Cellular #: Driver s License Number: Issuing State: Expiration Date: Please note: Federal regulation requires that the Bank have on file verification of customer s identification. Please attach a photocopy of driver s license or other photo identification. The information I have provided is correct to the best of my knowledge. I authorize to check credit and/or employment history should it deem necessary. Signature of account owner or authorized signer. Date

6 Southern Switch Kit Business Account Request Use this form to request your new Business account. Additional information may be needed at the time of opening. Type of Account: Business Checking Southern Money Market Other (Please specify) Business/Entity Name: Type/Nature of Business: Street Address*: *(Please note: PO Box holders must furnish physical address as well as mailing address.) City: State: Zip: Taxpayer ID#: Business Phone #: Fax #: /website: _ Cellular #: Amount of Opening Deposit: $ Source of Funds: Check Cash Transfer Do you/will you cash checks for people? Yes No Do you/will you perform wire transfer services (Moneygram, Western Union?) Yes No Do you/will you sell money orders? Yes No Types of deposits/withdrawals typically made? Cash Checks Electronic Wire Transfers (domestic or foreign) Other: _ Certificate of Incorporation/LLC-LLP Agreement Corporate/Non-Profit Resolution The information I have provided is correct to the best of my knowledge. I authorize to check credit and/or employment history should it deem necessary. Signature of authorized signer/owner/partner. Date

7 Southern Switch Kit Direct Deposit Request Use this form to request the direct deposit of funds to your Checking Account. You may need to provide additional information such as a voided check. Type of Automatic Deposit: Employee Payroll Social Security Pension/Retirement Other (Please specify) To: Employer/Company Name: Employee/Customer Name: Social Security Number: Date: This letter serves as the authorization to change the account information for automatic deposits in the name of _, your customer account number. The customer has changed accounts to Southern Bank & Trust and the current account number that you are using will no longer be valid. Effective immediately, the new information for direct deposit is as follows: Bank Routing Number: Customer s New Account Number: If you have any questions regarding this matter, or if this letter is NOT sufficient enough to make this change, please contact _, and remit all correspondence to. Thank you for your assistance in this matter. Sincerely, I hereby authorize the change to my account. Account Holder Signature Date Phone Account Holder Signature Date Phone

8 Southern Switch Kit Automatic Bill Payment Request Use this form to request the transfer of an automatic bill payment to your Checking Account, or to establish a new automatic bill payment. Complete this form for each automatic bill payment. Please allow sufficient time for your first automatic bill payments to be activated against your new checking account. To: Business/Company Name Business/Company Address Establish Automatic Payment Change Existing Automatic Payment Please accept this letter as notification that I have established a new checking and/or savings account at. I would like the following payment to be automatically debited from the account listed below. Automatic Payment Information: Company Name: Company Account #: Payment Amount: $ Payment Date: Personal Information: Name: Mailing Address: City: State: Zip: Daytime Phone Number: Bank Account Information: Account Number: Checking Savings Money Market ABA Routing Number: Thank you for your assistance in this matter. Sincerely, I hereby authorize the change to my account. Account Holder Signature Date

9 Southern Switch Kit Account Closing Request Use this form to request that the account(s) you currently have at your former bank be closed and any remaining funds sent to you. Prior to closing your accounts, make sure all checks have cleared and fees assessed. To: Bank Name: Bank Address: Please accept this letter as authorization to close my account(s) with your institution. Please close the accounts listed below: Account Number: Checking Savings Money Market Other Account Number: Checking Savings Money Market Other Account Number: Checking Savings Money Market Other Account Number: Checking Savings Money Market Other Please send any remaining funds in the accounts listed to the following address: P.O. Box 2080 Clarkesville, GA Deposit Instructions: Deposit entire amount to checking account number: Deposit $ to savings account number: and the Remainder to checking account number:. If you have any questions regarding this matter, or if this letter is NOT sufficient enough to make this change, please contact me at:. Sincerely, I hereby authorize the change to my account. Account Holder Signature Address: City: State: Zip: Phone: Date

10 Southern Switch Kit Frequently Asked Questions Q. Who do I call if I have questions? A. If you have questions regarding your new account, automatic payments or automatic deposits to your new account, please call. Q. What is a direct deposit? A. Direct deposit is a quick, easy and secure method of receiving funds into your account. You can receive your payroll, social security, retirement funds, and investment interest by a direct deposit. The funds are received and deposited electronically into your bank account. Q. When will my direct deposits start? A. It normally takes 2 or 3 cycles to start a new direct deposit. If you decide to direct deposit your payroll check into your new account, the direct deposit will most likely take 2 or more payment cycles. The same applies for existing direct deposits, so you will want to make sure you keep the account open that you are switching from until you know that your new account is receiving your deposits. Q. What is an automatic bill payment (ACH debit)? A. Automatic bill payment is a convenient way to pay different types of companies, such as utilities, insurance, loans, credit cards, etc. Usually, these automatic debits are set up with a specific company by giving them a voided check and a date to take out your payment due to the company. These types of transactions are sent electronically through your account on the date and for the amount you specify. Q. When will my automatic bill start paying from my new account? A. It normally takes 2 to 3 billing cycles for your transaction to get switched or started. However, times may vary with each company. You will want to make sure you keep the account open that you are switching from until you know that your automatic payments are coming out of your new account. This means you could have two checking accounts open at two different banks for a limited time. Q. How can I verify deposits or payments have been made? A. Since you have already taken the first step to transfer your banking relationship, you may want to sign up for Online Banking with. You can easily track your direct deposits and automatic payments and be confident that everything has successfully transferred to. We can also help you consolidate your other financial relationships from loans to retirement--to make managing your finances more convenient.