5. How to switch banks ?

Step 5: Setup Your New Bank’s Bill Pay

Now that the automatic recurring bills are all moved to deposit and withdraw from your new bank account, it’s time to update the last part of your semi-automated banking: your new bank’s bill pay.

I use my bank’s bill pay to pay credit cards, my water bill, and a few other bills I can’t pay with my credit card for miles or points. Most banks offer bill pay service for free and will send payments electronically or via paper check to any biller you enter.

Before you close your old account, take a screenshot or write down all of your bill pay accounts you want to move to your new bank. If you don’t use your bank’s bill pay already, it is worth looking into. It could save you time and stamps when sending payments to anyone with a U.S. mailing address.

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