Simply Switch

Simply Switch

Step 1: Open a Grinnell State Bank checking account.

Our friendly, efficient staff will help you decide which account options best fit your needs. Open a checking account online or at any of our four locations by calling our Personal Bankers at:

Step 2: Stop using your previous checking account.

Allow time for outstanding checks to clear and automatic debits and credits to switch over. Destroy your ATM and/or debit card(s), any unused checks and deposit slips.

Step 3: Move your Direct Deposit(s) to Grinnell State Bank.

Notify anyone making direct deposits to your previous account of your new Grinnell State Bank account information. For your convenience we have packets that include Direct Deposit Authorization Forms available at each of our locations. To ensure payment has been made to your account, please monitor accounts closely.

For Social Security Direct Deposits, call 1-800-772-1213 or visit https://www.ssa.gov/deposit/

Step 4: Transfer any automatic payments and debits to Grinnell State Bank.

Notify anyone deducting automatic payments (insurance, phone service providers, gym etc.) from your previous account of your new Grinnell State Bank account information.

Step 5: Close your previous checking account.

After all your checks and automatic payments have cleared, close your previous checking account.

Important Information about Procedures for Opening a New Account: To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person or business that opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that allows us to identify you. We may also ask to see your driver’s license or other identifying documents.