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Switch Kit

Switch your accounts to Magnifi Financial

Magnifi Financial has made the switch from your old financial institution a breeze with our checklists below. Questions? Email, call or stop by any branch location and we'll help you make the switch.

Switching accounts checklist
  • 1

    Open Account

    Open your membership and checking account at Magnifi Financial (Magnifi Financial). You may do this by:

  • 2

    Verify Old Account

    • Verify that all checks, check card transactions, and scheduled bill payments have cleared your old checking account.
    • Make sure enough funds are available in your old account to cover any automatic payments, checks, and check card transactions that may still be withdrawn. Check maturity dates on Certificates of Deposit if transferring in order to avoid early withdrawal penalties.
  • 3

    Direct Deposits

    • Direct Deposit Change Request Form
      Send written notices to companies with which you have direct deposit (employer, government deposits, pension, transfers from other financial institutions, investment dividends, child support or court-issued deposits, etc.) notifying them that you want to switch your direct deposits to your new Magnifi Financial account.
    • Direct Deposit Authorization Agreement
      Send written notice to set up direct deposits with any new companies or individuals.
  • 4

    Automatic Payments

    • Authorization for Automatic Payment Transfer Form
      If you wish to continue your automatic payments with companies, include a notification with your new account information at Magnifi Financial.
    • Authorization for Automatic Payment Form
      Send a notification if you wish to add a new automatic payment.
    • Authorization for Canceling Automatic Payments Form
      If you wish to cancel your automatic payments with companies, send a written notice to those companies.
    • Contact companies that take payments from your old checking account using a debit card. Inform them of your new Magnifi Financial debit card information. If you prefer, you may set up this payment as an automatic payment rather than a debit card payment using Bill Payer on Internet Banking.
  • 5

    Verify New Magnifi Financial Account

    Verify that your direct deposits and automatic payments have begun posting to your new Magnifi Financial account.

  • 6

    Close Old Account


Need Help?

Find out where to find your routing and account numbers for direct deposits

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