Step-By-Step Guide for Business Banking

We understand switching banks can be a big decision and a real challenge. That’s why we’ve designed an easy switch kit to guide you step-by-step through the move. This kit includes several worksheets and forms that will make it easy for you to switch.

Just follow these four steps and you’ll be switched in no time!

STEP 1

Open your new Town and Country Bank and Peoples Prosperity Bank Account.

Undecided about which business checking is right for you? Our bankers can help you decide which account and business banking services best fit your needs. During the account opening process if you provide a voided check we can help you select a check style that is comparable.

STEP 2

Update payroll account information.

Our Payroll Processing Change Form and Employee Direct Deposit Authorization form can help to notify your payroll processor of the updated account number from which to debit.

  • Check with your payroll processor to ensure no other documentation is needed.
  • Your business banker will assist you in creating a pre-note file for testing.
  • Maintain your old account until payroll deduction has been switched.

STEP 3

Update any electronic debits and credits.

Review your bank statements to identify billers (insurance, utilities, loan payments, credit cards, tax payments, etc.) and payees (accounts receivable, merchant services, and direct wire payments) to your new account information. Forms to use for help:

  • Electronic Payment Change Form is available if you are not switching payments over the phone or online.
  • Electronic Receivables Change Form
  • Wire Instruction Change Form

STEP 4

Close your old account.

Stop using your old account. Please allow enough time for outstanding checks and automatic payments to clear before closing your old account. Destroy any debit or ATM cards, unused checks, and deposit slips. Use the Close Accounts Form.

Make the switch today by accessing our Step-by-Step Guide for Business Banking. For questions, please contact our Customer Service Solution Center at 866.770.3100.