Whether you're ready to take your company to the next level or you are just starting out, we are ready to help you and your business along the way. We have been helping our business customers since 1916 and we aren't stopping any time soon.
THIS SWITCH KIT INCLUDES
• 5 Steps to Switch to Your AB&T Account
• Switching Worksheet
• Switching Forms
• Transition Checklist
• Treasury Management Services
HOW TO SWITCH YOUR ACCOUNT IN 5 STEPS
Completing these steps within 30 days will help minimize interruptions.
BEGIN USING YOUR NEW AB&T BUSINESS CHECKING ACCOUNT
STEP 1
Signing up for Online Banking is a great way to get started using your new AB&T account.
To sign up for Online Banking, visit one of our branches or call your banker.
DISCONTINUE THE USE OF YOUR OLD BUSINESS ACCOUNT
STEP 2
STEP 3
Your old account only needs to be active and appropriately funded until all outstanding checks have cleared and other automatic payments have been switched.
Tip: Remember to shred any unused checks, deposit slips, debit cards, and ATM cards to reduce the risk of accidentally using your old account.
SWITCH YOUR RECURRING PAYMENT ACTIVITY
You may have automatic transactions occurring to make payments or receive deposits, and you'll need to redirect them to/from your new AB&T account. We can help with this!
• Incoming deposits Using the worksheet on page 3, list who sends you automatic payments.
• Outgoing payments Using the worksheet on page 3, list any payments and services that are automatically debited from your account.
Tip: Written notice forms are on page 7. If you are adding payees to Online Banking you will need: biller name, billing address, phone number, and account number.
NOTIFY YOUR KEY PROFESSIONAL SERVICE PROVIDERS
STEP 4
Inform your key professionals: accountant, bookkeeper, attorney, and insurance agents of your switch, providing them with the appropriate information.
Tip: Don't forget about other financial service providers, payroll processors, and any merchant services providers. You can find a Financial Services Partner form on page 8.
CLOSE YOUR OLD BUSINESS ACCOUNT
STEP 5
Once all of your checks have cleared and automatic transactions have stopped posting to your account, you can now close your old account.
Tip: You can find an Account Closing Request form on page 9.
SWITCHING WORKSHEET
This worksheet is designed for you to keep track of the information you need to close your old account(s) and switch recurring payments and deposits to your new AB&T account.
Your new AB&T business checking account information
Recurring deposits to your account (credits)
Recurring payments from your account (debits)
Other Financial Services Partners and Key Consultants to Notify
Outstanding Checks to Clear From Old Account
Old Account(s) to Close
SWITCHING FORMS
Below are descriptions of each of the letters/forms and how they can help you. Your information is very sensitive. Consider shredding upon completion and avoid emailing documentation as it may not be secure.
Tip: Adams Bank & Trust cannot guarantee that these forms will be accepted in every instance. Your old bank, and/or your key financial services partners, may require you to make any or all of these requests in person or some other method.
REQUEST TO CANCEL AN AUTOMATIC PAYMENT
Use this letter to cancel an automatic payment from your old account. Review the information and then print, sign and mail this letter to the billing company or organization that receives your payment.
REQUEST TO SWITCH AN AUTOMATIC PAYMENT
Use this letter to switch an automatic payment from your old account and ask that your payment now be deducted from your new AB&T account. Review the information and then print, sign and mail this letter to the billing company or organization that receives your payment.
FINANCIAL SERVICES PARTNER NOTIFICATION
Use this letter to notify key financial services partners that your business checking account has been switched to AB&T.
ACCOUNT CLOSING REQUEST
Use this letter to request the closure of your old account. Make sure all direct deposits or automatic payments have been switched to AB&T or canceled before you close the account. Review the information and then print, sign and mail this letter once all switching activity is complete.
REQUEST TO CANCEL AN AUTOMATIC PAYMENT
RE: CANCELLATION OF AUTOMATIC PAYMENT
Account Number
I am revoking my authorization for you to deduct any automatic payments that are currently set up for the account number above.
Please change your records, effective immediately, so that my electronic payments to you are stopped from the account below:
Bank Name:
Account Number:
Routing Number:
Payment Amount:
If you have any questions regarding this request, please contact me at the phone number below. Thank you for your assistance.
REQUEST TO SWITCH AN AUTOMATIC PAYMENT
RE: BANK CHANGE FOR AUTOMATIC PAYMENT
Account Number
I currently have my electronic payment(s) deducted from the following account:
Bank Name:
Account Number:
Routing Number:
Please change your records, effective immediately, so that my electronic payment(s) are now deducted from my Adams Bank & Trust account.
Bank Name:
Account Number:
Routing Number:
Payment Amount:
If you have any questions regarding this request, please contact me at the phone number below. Thank you for your assistance.
RE: NOTIFICATION OF BUSINESS CHECKING ACCOUNT CHANGE
Account Number
This letter is being sent to notify you of the company’s recent transition to Adams Bank & Trust. Please update your records, effective immediately, so that all activities are now directed to our new Adams Bank & Trust account.
Former Account Information:
Bank Name:
Account Number:
Routing Number:
New AB&T Account Information:
Account Number:
Routing Number:
If you have any questions regarding this request, please contact me at the phone number below. Thank you for your assistance.
ACCOUNT CLOSING REQUEST
From
RE: Request to Close Accounts Date
Please accept this letter as my written authorization to close the following account(s) at your financial institution. All of my transactions have cleared, and I have stopped all automatic debits and credits to my account.
Please close the following account(s):
Checking Account Number:
Authorized Signer:
Authorized Signer:
Checking Account Number:
Authorized Signer:
Authorized Signer:
Checking Account Number:
Authorized Signer:
Authorized Signer:
Savings/MMK Account Number:
Authorized Signer:
Authorized Signer:
Please issue a check for any remaining balances and send to my attention to the following:
Your prompt attention to this matter will be greatly appreciated. Thank you.
Signature Date
TRANSITION CHECKLIST
This form offers a quick and easy way to keep track of your status in the process of transitioning your account to AB&T. It is for your organization and reference only — not for external distribution.
ADAMS BANK & TRUST BUSINESS CHECKING OPENED
CHECKS ORDERED
DEPOSIT MATERIALS ORDERED
ONLINE BANKING ENROLLMENT
AB&T BUSINESS DEBIT CARDS ACTIVATED
BUSINESS CREDIT CARD ACTIVATED
PAYROLL ACCOUNT SWITCHED
MERCHANT SERVICES ACCOUNT SWITCHED
AUTOMATIC DEPOSITS SWITCHED
AUTOMATIC PAYMENTS SWITCHED
FINANCIAL SERVICES PROVIDERS SWITCHED
ALL CHECKS CLEARED
OLD ACCOUNT(S) CLOSED
OLD CHECKS, ATM/DEBIT CARDS DESTROYED
TREASURY MANAGEMENT SERVICES
E-STATEMENTS
REMOTE WIRE AGREEMENT
SETUP ALERTS
We want to make this process easy and seamless for you during this transition. If you have any questions or need assistance you can call us at 1.800.422.3488.
TREASURY MANAGEMENT SERVICES
This form offers a quick and easy way to keep track of your status in the process of transitioning your account to AB&T. It is for your organization and reference only — not for external distribution.
You can reach out directly to the Treasury Management team to get these setup.
