What is a Switch Kit?
A Switch Kit is a free service that allows you to close an account with another financial institution and transfer the funds to a new account (this account must already be set up). You can also switch any direct deposits and automatic payments (ACH) from your old account(s) over to your new account(s). The Switch Kit contains a series of easy to follow steps, along with the necessary forms to fill out and mail to all respective parties. The Switch Kit is available by clicking on this link.
What information will I have to know when filling out the Switch Kit?
You will need to know the following:
- Your current account number where you are transferring the funds from.
- Your new account number where you are transferring the funds to.
- Name, Address, Account Number of Direct Deposit and Automatic Payment (ACH) companies that you currently use.
Do I have to have a Direct Deposit or Automatic Payment (ACH) to fill out the Switch Kit?
No, you can simply just close out a current account and move the funds to a new account. The Direct Deposit and Automatic Payment (ACH) transfers are optional.
What do I do with the printed forms?
All the forms are clearly marked and you are also given a check list to assist you with the forms.
What do I need in order to view the forms?
The forms are displayed in PDF format and you are allowed to use any PDF reader. If you want to use the Adobe reader, you can download a free version of this application from Adobe.com.
Who can I contact if I need help?
Please contact Customer Service at Farmers Bank with any questions at 859.885.9481.