Switch Kit

Changing banks? We’ll make it easy to move to UBT.
September 08, 2019
UBT Employee working with customer
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We understand that changing banks can be a little daunting, so we put together a Switch Kit to help make it as easy as possible. Use our convenient forms and follow these six steps to update your direct deposits, automatic payments, and more.

1. Open your new account.

Ready to open your Union Bank account? Choose the right account for you and apply online here, or visit with a friendly Personal Banker at any UBT location. (And right now, you can even earn up to $200* when you open new checking and savings accounts and meet requirements.) We’re here to help you with anything you need.
 

UBT’s Switch Kit

Use these forms to update your direct deposits, automatic payments, and more. The Switch Kit includes forms for:

Direct deposit change
Automatic and recurring payments
Automated transfers and investments

 

2. Update your direct deposit information.

It’s important to complete this information for your employer and/or the Social Security Administration as soon as you can, as this can take 2-4 weeks to take effect. A Direct Deposit Change Form is available in this kit for your convenience.

 

3. Update your automatic transactions and subscriptions.

We’ve included a handy form to guide you through identifying automatic transactions connected to your checking account or debit card, including utilities, subscriptions, insurance, and more. This form will help you make sure you think of everything and help you document contacting them should any issues or questions arise.

Direct deposit:

  • Your employer’s Human Resources department
  • The company handling your retirement or pension payments
  • Social Security Administration

Automatic withdrawals:

  • Mortgage or rent payments
  • Utilities and phone
  • Memberships (gym, streaming services, etc.)
  • Insurance premium payments

 

4. Update your automated transfers and investments.

Similar to #3 above, it’s also important to identify, document, and update these transactions to your new checking account and routing number. For example, you may have IRAs or a 529 college savings plan that you automatically move money to each month from your checking account. Or you may do the same with your children’s savings accounts. Whatever those transactions are, we’ve included a handy form to guide you through this, as well.

 

5. Close your old account.

It’s important to make sure your old account is open long enough to allow outstanding checks and automatic withdrawals to clear or complete. Approximately 4-5 weeks after switching accounts, you’ll be ready to close your old checking account. Make sure you’ve received your entire balance, including any accrued interest.

 

6. Destroy old documents and forms of payment.

  • Debit cards
  • Paper checks
  • Deposit slips

Monitor your bills and your new account closely for the next few months to ensure you haven’t missed anything that might cause a problem or incur a fee.

That’s it! Thank you for choosing UBT.

We’re going to be great together. If you need anything, contact our Customer Support Team, start a chat, or stop by. We’ll be happy to help.

 

Some things are better together

 

 

Get up to $200* when you open new checking and/or savings accounts from UBT and meet requirements.

  • Personal
  • Managing Your Money
  • checking

*Checking offer not valid for primary accountholder on existing UBT personal checking account(s). Savings offer not valid for primary accountholder on existing Union Savings or MyStyle Savings account(s). Offer not valid if existing checking or savings accounts closed 120 days prior to 06/01/2020. Receive $50 when you open a Simply Free Checking account and have $500 in electronic direct deposits posted within 90 calendar days of account opening. Receive $150 when you open an interest-earning checking account (Bonus, Journey, Premier, or Premium Interest Advantage) and have $2,500 in electronic direct deposits posted within 90 calendar days of account opening. Receive $50 when you open a Union Savings account and maintain a $2,500 balance for 90 calendar days from account opening. Bonus is credited to your active account within 100 days of account opening if you meet requirements. $50 opening deposit required on Checking accounts (Bonus Checking requires $1,000 opening deposit). Union Savings requires $2,500 opening deposit in new money. Various Annual Percentage Yields (APYs) offered for interest-earning checking accounts based on the account and balance maintained. For example, Journey Checking requires a $100 minimum daily balance to earn .05% APY. Union Savings earns .05% APY. APYs accurate as of 05/28/2020. Fees may reduce earnings; rates subject to change. Promotion offers limited to one new checking account and one new savings account per person and cannot be combined with other offers. Journey Checking accounts are designed for people age 50 and over. Premier Checking limited to Private Banking clients. Premium Interest Advantage is limited to residents of Douglas, Sarpy, and Washington counties in Nebraska. Promotions available 06/01/2020 to 09/30/2020. Member FDIC.