How to change banks

1) Research new banks

• We don’t have finance backgrounds & encourage you to do your own research based on what makes the most sense for you & your family.
• Progress over perfection
• Do you have a HYSA? If you have a savings account, look for banks that offer this (HYSA = High Yield Savings Account; like a normal savings account but up to 5% interest earned)
• You can research ethical banking or just make the decision that makes the most sense for you. Again, progress over perfection.

2) Open new account

3) Transfer automatic transactions

• Hint: monitor both accounts for at least one month to ensure transactions are processed accurately

4) Close your old account

• Research fees associated with closing your account; U.S. Bancorp may charge early account closure fees if you close your account within a certain timeframe, typically within 90 to 180 days of opening. Do your own research, protect your money, make a plan, and execute.
• Some banks will help with the transfer process. Doesn’t hurt to ask.

5) Congrats, you did it.

• we know it wasn’t easy & we’re proud of you.