Follow these steps for a quick and easy way to transfer your accounts to Community Bank of the Chesapeake. After you complete each step, save the document created for your records.
You can do this by stopping into any Community Bank location.
Destroy any unused checks and deposit slips.
Once your checking account is opened, you will want to change any direct deposits to your new account. You will need to inform companies who make direct deposits on your behalf to use the new account. You can use the Payroll/Direct Deposit Authorization Form we have provided to notify these companies of the change. Complete one form for each direct deposit, fill it out and send it to the company making the deposit. (Complete as many forms as needed.) For social security direct deposits, changes can be made by calling the Social Security Administration at 1-800-772-1213.
You will want to change any automatic payments that are being drafted from your old account as well as any deposits that are made to your old account. You can use the Automatic Payment/Deposit Switch Form we have provided to notify these companies of the change. Use one form for each company making an automatic payment/deposit, complete the form, and send it to the company making the payment/deposit. (Create as many copies as needed.) *For a quick and easy shortcut, fill out the Customer Information Form to save typing later.
You can use the Account Closing Form we have provided. In some cases, you may also need to return your debit cards to the issuing bank. If after all your checks have cleared, you have a remaining balance, your old bank will send you a check for the balance.