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Switch Kit

This kit provides a simple step by step process to help you make a smooth transition to The Savings Bank. We provide you with the forms to close your account(s) and change your direct deposit(s) and automatic withdrawals. We’ll be happy to assist you with the forms included. We make it simple, just follow these 3 simple steps...

1. Open Your Account

Once the account is opened, you have the opportunity to explore our products and services and personally experience how we deliver them with care and expertise.

2. Close Your Old Account

Immediately begin using your new account. Make sure your old account is active long enough to allow outstanding checks and automatic withdrawals to clear through your old account. Once you’re sure your old account is inactive, complete the Close Account form included, and we’ll be happy to do the rest. Destroy your old checks, ATM/Debit Card and deposit slips.

3. Switch Your Automatic Transactions

The enclosed forms will help you contact the companies and financial institutions which handle your automatic deposits and withdrawals. We’ll be happy to help you with any of these forms. Make as many copies of these forms as needed. Use this checklist to keep track of people you may need to contact:

Direct Deposit

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

Anyone who makes automatic withdrawals from your account

  • Mortgage company
  • Homeowner’s insurance
  • Auto insurance
  • Life insurance

Anyone who makes automatic charges to your old debit card

  • Utility companies
  • Telephone companies
  • Cable company
  • Gym

If you have any questions about any of these forms, please give us a call at 800-246-2009.

Download the entire switch kit.

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The Savings Bank  357 Main Street St, Wakefield, MA, 01880    Phone: (800) 246-2009    Fax: (781) 224-5482
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