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Tips to make switching banks easier

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    10 percent changed primary account last year

  • Duration 3:03
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Good morning everyone is now 23 minutes after the hour and as you may now more and more of us are -- baked breaking up with our banks.

Nearly 10% of Americans making a change -- their primary accounts last year.

Joining us with tips on how to make this transition easier because it's a pain in the back yes but isn't -- -- and she's a personal finance expert good morning veer and running so before we consider switching banks you actually say that we can negotiate with our existing bank for better -- It says this she really be the first thing you want to do is negotiate -- existing bank first because it is a bit of a process switching institutions.

See if they can be better for you -- you can dodge the fees if you can't meet those minimum deposit requirements for example.

That would allow you to -- those fees.

Then yes then go ahead and find a better bank.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Tough luck -- so walk away before you leave your banking go to a new one what do you need to look for well.

First of all you needed to decide what you want on your banking experience this is -- find about a -- that comes to replace actually go to you just type in your zip code and you can see what's available based on what you actually want and what what my -- that they want -- -- you might want -- second free checking which is kind of hard to come by these days and who you might want minimum -- in my -- slightly better rate -- into -- on your interest rates so different things like that -- to search and -- -- see what options are available -- and this is interesting when you say.

Before you take all your money out of your bank to open a new account keep two accounts opened -- at the same time -- want to open a new account.

Fun this new account keeping the bulk of your funds that your -- account while you slowly make the transition because it is a bit of a process.

Also want to see if the new bank has a switch -- that's available because that'll -- of fun things and it comes with the territory.

I switched to switch it attempts at this -- -- going to have a checklist it's gonna have some reforms on there it really does.

Make the process a little less cumbersome and a lot of -- laughing it switched it okay now a lot of us do while our billion online -- -- of our bills.

Any kind of and they show anything anything I mean first like a direct deposit rights of that takes awhile to actually move all that stuff -- you've got.

Money from your argument have -- money from the government Social Security payments.

Other sources of income coming -- This is the part that's pretty cumbersome is dealing with a direct deposit and the person or paying their bills online at that everything from the -- under the credit card.

All of the stuff actually takes time when he you've got a call each -- right one -- one.

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