Help Center: Accounts

Account Switch Kit

Switch from your old bank to Bank Midwest in 5 steps.

Icon Circle OneOpen your Bank Midwest account. 

Open a savings, checking or CD online or visit one of our locations and we’ll help you find the right account.


Icon Circle 2Stop using your old bank account. 

Before you close it, allow time for outstanding checks to clear. And, make sure any automatic payments or deposits are transitioned to the new account. Determine how much money to leave in your account to cover outstanding transactions.


Icon Circle 3

Move your direct deposits to Bank Midwest.

Notify your employer other entities that you have a new Bank Midwest account. To help you get started, we’ve provided this letter example*:

Change Account for Direct Deposit Letter (pdf)


Direct Deposit Examples:

  • Payroll
  • Investment Income
  • Retirement/Pension
  • Child Support
  • Social Security
  • Tax Refunds


Social Security Administration: 800.772.1213 |
Department of Veterans Affairs: 800.827.1000 |


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Transfer automatic payments and withdrawals to Bank Midwest

Notify service providers or payees that you’ve opened a new account and to use the new account for future automatic payments. Here’s a sample automatic payment change letter*:

Update Your Automatic Payment Letter (pdf)


Automatic Payment Examples:

  • Mortgage/Rent
  • Car Loan/Lease
  • Utilities
  • Student Loan(s)
  • Insurance
  • Cable/Satellite TV
  • Cell Phone/Telephone
  • Internet Service Provider
  • Credit Card(s)
  • Charitable Donations
  • Gym
  • iTunes/Google Play


Icon Circle 5Close your old account. 

After all outstanding checks, final direct deposits and/or automatic payments have cleared from your old account and are redirected to your new account, use this pre-written letter to officially close your old bank account*:

Close Your Old Account Letter (pdf)


Don’t just move all your cash and call it a day. Old payments may still clear your account. Make sure you formally notify your old bank to avoid potential fees.

Destroy old account checks:  Once you’re certain you won’t need them anymore, securely destroy them or bring your old checks to any Bank Midwest branch and we can recycle them for you.

Destroy old debit cards: Cut it up and throw it in the trash. It’s difficult, but not necessarily impossible for a fraudster to use an old and even expired debit card, so always err on the side of caution.


*While these letter samples help you collect all the data you’ll need to switch, some companies require the use of their own forms to initiate the switching of accounts.


We’re here to help

If we can help you make this important transition, please let us know. Bring in two months of bank statements to review for automatic payments and direct deposits.