How to Change Banks When Moving Out of State (2024)

FAQs

How to Change Banks When Moving Out of State? ›

Even if you bank entirely online and have gone paper-free, it is still crucial that you take the time to give your bank or credit union your new address. It is important that you provide your new information to other financial institutions, such as your credit card provider or mortgage or auto lender.

Even if you bank entirely online and have gone paper-free, it is still crucial that you take the time to give your bank or credit union your new address. It is important that you provide your new information to other financial institutions, such as your credit card provider or mortgage or auto lender.

Establish a New Bank Account

If your checking account and credit cards are through a large national bank such as JPMorgan Chase, Bank of America, or Wells Fargo, there may be branches available in your new area. If not, prepare to close your accounts before you leave. Then, reopen relevant accounts once you move.

Most national and larger regional banks allow you to complete your application and open your account on their websites. Some smaller local and regional banks also may have a similar degree of accessibility, or you may have to visit a branch in person.

If you choose to set a travel alert, you can usually do it over the phone, online or in your bank's or credit card issuer's mobile app. But it's a good idea to check with your bank or card issuer to see if it's necessary to set a travel notice.

Even if you are moving to another state, you may not have to switch banks, especially if your current account is with an online bank or a large national brick-and-mortar bank. If you have a traditional account and want the same services in your new location, switching to a new bank may be necessary.

Banks and building societies - This is an extremely important one as it ties in with so many areas of your life. Let your banks and building societies know about your change of address as soon as possible, failing to do so could open you up to identity theft and other fraudulent activity.

Your decision to switch banks when moving out of state means that you're going to have to transfer all the money from the old bank account to the new one. There are several ways to move your money from one financial institution to another.

Can you have a bank account in one state and live in another? ›

The answer: absolutely, though if your bank doesn't have branches in your new state, you won't be able to conduct business in person. If you want to apply for a loan or deposit a check at a branch, you'll want to open a new account at a different bank.

You have two choices when switching bank accounts. You can decide to move everything to your new account and close your old one, which is known as a full switch. Alternatively, you can move some payments across and keep the existing account open, which is instead known as a partial switch.

There are no restrictions on the number of checking and savings accounts you can open or the number of banks or credit unions with which you can have accounts.

Will I be eligible for Direct Deposit if I work out-of-state? Yes. Payroll funds can be deposited in any financial institution within the United States, as long as your institution is participating in the program for automated deposits.

You can provide a utility bill such as electricity bill to show proof of address. As proof of identity provide your Aadhar card, driving license, pan card anything can be provided. Once the bank verifies your details they will change your address and provide you with a new passbook.

Risks of not filing a credit card travel notice

If the company starts to see charges on your credit card from a different state or country, it may flag these transactions as fraud. The credit card issuer may then put your account on hold and prevent you from making any purchases until you can authorize the charges.

Banks or Building societies - You should let your bank or building society know about your change of address as close to your move date as possible. Your place of residence is an important factor for proving your identity and forgetting to update this information might put you at risk of identity theft.

How do I transfer my bank account to another bank? You can transfer your bank account to another branch by writing an application to the bank manager stating to him/her the reason for doing so. Also, you need to provide the new branch's name and address, along with the details of your present bank account.