Switch Banks: How to Switch to Veritas Federal Credit Union

How to Switch Banks

It's easier than you think to switch financial institutions. Switching to Veritas Federal Credit Union gets you access to over a nationwide network of surcharge-free ATMs and convenient 24/7 Online E-Banking and free bill pay.

Switching financial institutions is as easy as following a few simple steps:

Step 1 : Establish or Transfer direct deposits to Veritas Federal Credit Union
Is your check issued by the US Treasury? Continue your setup at www.godirect.org

To establish or transfer direct deposits, you need the following information.

• Employer or deposit initiator's name and address
• Veritas Federal Credit Union account number
• Veritas Federal Credit Union ACH routing/transit number

Once you have that information, complete the Direct Deposit Form (waiting for PDF) and send it to the company that makes the direct deposit into your account. You can either print out the blank form and fill it in by hand, or complete the form online and then print it out.


Step 2 : Transfer automatic payments to VFCU
When you set up VFCU Online E-Banking you can use optional E-Pay to pay your bills in minutes from one simple site.

To cancel or to transfer automatic payments from your former bank account to your new VFCU, you need the following information.

• Copy of your latest statement with your billing information
• VFCU account number (for transfers)
• VFCU ACH routing/transit number (for transfers)
• Former bank account information (for canceled payments)

Transfer automatic payments: Once you have the information necessary to transfer automatic payments, complete the automatic withdrawal transfer form and send it to your biller. You can either print out the blank form and fill it in by hand, or complete the form online and then print it out.

Cancel automatic payments: Once you have the information necessary to cancel automatic payments, complete the form online, print it out, and send it to your biller.


Step 3 : Closing Your Old Account

1. Stop using your former bank account, but be sure to keep enough funds in it to cover any outstanding checks, automatic withdrawals, and automatic payments.
2. Once your last check, automatic withdrawal, and automatic payment has cleared, you are ready to close your former accounts. On the account closing request form, fill in your name, phone number, and address, along with your former bank's name, address, and account number. Then print the form out and send it to your former financial institution.
   

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