Switchbanks
have designed this method
for those
Australian's who do not
wish to change banks on
our online form.
At
Switchbanks we just want
you to have the power of
choice over your money.
You
can follow the procedures
to Switch your bank offline
now.
Switchbanks
Switching
banks is easy. We
have prepared the following simple
step by step guide to help
you switch your
accounts and enjoy
the benefits of
being a new
account holder with
the bank of your
choice.
Thousands
of Australians switch each
year to take advantage of
the long term benefits of
saving more money. Everyday
the banks charge incredible
amounts of money onto the
average Australian. Switchbanks
is here to save you money.
It has been designed to
save you money by giving
the switcher total control
OVER YOUR OWN ACCOUNTS.
The
more people who switch.....
the better banking service
will be come - ultimately
lowering rates and transactions
across Australia for the
everyday Australian's.
Simple
steps to switch your accounts
- its easier than you think
Switching
your accounts is easy and
the benefits will definitely
be worth your while. To
ensure the process is as
hassle free as possible
we have prepared the following
simple step by step guide's
to help you make a smooth
transition from your old
bank to your new bank.
Switch
1: Open a New Account with
the bank of your choice.
Switch
2: Choose the right financial
package and banking group
to make sure you are Switching
to save.
Switch
3: Transfer your money to
your new account and bank
of choice.
Switch
4: Transfer your electronic
deposits/ direct credits
and every other account
held with the previous bank.
Switch
5: Transfer your direct
debits - i.e BOAT - CAR
- CITYLINK - WHITE GOODS
- RENT etc
Switch
6: Register for online banking
Switch
7: Setup other payments
Switch
8: Close your old bank account
Step
1: Open
a New Account with the bank
of your choice.
First
you must have identification.
Examples of acceptable forms
of identification are listed
below. To make up 100 points
you will need to bring one
item from the primary list
and enough items from the
secondary list to make up
the remaining points.
Credit
card issued by another
financial institution
25
points
Medicare
card
25
points
Identity
confirmed by a current
or previous employer
(within the last
2 years)
35
points
Tertiary
student identification
card
40
points
Step
2: Choose
the right financial
package and banking group
to make sure you are Switching
to save.
At
Switchbanks we offer a range
of banking products and
services for you to choose
from including everyday
accounts, goal saver accounts,
credit cards, personal loans,
home loans and offset accounts.
Switchbanks
also offers a range of competitive
insurance, property, mortgage
loans and financial planning
services that could help
you save even more.
We
can work with you to tailor
your everyday banking to
suit your individual lifestyle
and financial needs. If
you would like assistance
with selecting the right
financial package please
send us an email regarding
your situation.
Step
3: Transfer
your money to your new account
and bank of choice.
To
transfer your pay to your
new account you will need
to provide your employer
with a BSB number, your
new account number and the
account name.
Step
4: Transfer
your electronic deposits/
direct credits and every
other account held with
the previous bank.
If
you have funds from any
other sources electronically
deposited directly into
your bank account, such
as Centrelink, investment
dividends or health fund
rebates, you will need to
let them know that your
bank account details have
changed.
However
with direct debit there
is direct credit - you must
make sure every account
is change * This is the
hardest part because you
have to remember all the
bills that are direct debited.
Here
are a few - GST - Taxation
department, Medical insurance,
Telstra, Car Insurance,
House Insurance, Foxtel,
Etoll or even your shares
account.
The list is endless but
when you change you are
saving money regardless
if you choose a bank that
has lower rates.
Step
5: Transfer
your direct debits - i.e
BOAT - CAR - CITYLINK -
WHITE GOODS - RENT etc
You
will need to cancel all
direct debits coming from
your old account (e.g. home
and personal loan repayments, credit
card repayments, insurance
payments, health fund memberships,
utility bills, subscriptions
etc) and set them up for
your new account.
Step
6: Register
for online banking
Online
banking is a secure online
banking service. You will
receive convenient 24 hour
access to your accounts.
You
can register for Online
banking, when you open your
new account with the bank
of your choice.
Step
7: Setup
other payments
If
you have any future dated
payments set up on your
old bank account you will
need to cancel these and
set them up for your new
account. You can set future
dated payments with online
banking services.
Step
8:
Close your old bank account
To
close your old bank account,
contact your old bank and
confirm with them what you
need to do to close the
account. Most banks require
a written request with your
signature to close an account
or will ask you to fill
in a form. At switchbanks
we have done all of the
hard work for you.
