Question

I got frustrated with our bank this week and sort of impulsively switched banks (we have been talking about switching for a while because of several issues, but I just did it without much planning). We have had our previous bank for our entire marriage; any tips for seamless transitions and budgeting while we are switching everything over? I was thinking about leaving $100 or so in the old account for a month just in case something tries to process that I don't catch or check in time. I've already calculated what I'm expecting to come out of that account in the next couple of days and to leave that amount in. If it matters, we switched to USAA. We only have a couple of things on automatic payment (I was actually planning to set up more this month). We probably will be able to get my husband's next check moved over to this account before he gets paid again, but I get paid tomorrow, so mine will deposit in the old account.  

Answer 1

We just recently swapped banks after having been a customer for almost 25 years. It was a spur of the moment decision after some false service charges made on their part. I gave them 5 hours to correct things to my satisfaction, the next day we opened new accounts and moved a big chunk of money over. A week later we closed down the old accounts down. Went super smooth because all checks and transactions cleared the day prior to closing accounts down. We had to set up our automatic withdrawals and deposits but that was easy too. No regrets!  

Answer 2

Just know closing your old account may negatively impact your credit score. I found that out the hard way