How to Seamlessly Switch Your Bank Account to Alliance Catholic Credit Union

Alliance Catholic Credit Union is committed to providing trusted financial services inspired by Catholic traditions and values to enhance the well-being of the communities we serve.

We encourage people who live, work, study, and worship in Catholic schools, organizations, and parishes to open an account with our full-service financial institution. Alliance Catholic offers low loan rates and a variety of deposit alternatives to help our members keep their money safe as it grows.

To help you enjoy the unique benefits of joining Alliance Catholic Credit Union, we have created a step-by-step guide to show you how to transfer money from a bank to the Credit Union, making the entire process easy, quick, and stress-free.

How to Switch to Alliance Catholic Credit Union

Switching to Alliance Catholic Credit Union allows members to take advantage of a broad range of products, including auto loans, mortgages, credit cards, home equity lines of credit and more.

The first step in switching to Alliance Catholic is to open a regular share savings account by completing an application, providing the required identification, and making a small initial deposit. You can also open a checking account through the same process.

Once your new account is established, you can start transferring funds from your current bank account through an electronic funds transfer, check, or wire transfer. We recommend leaving enough money in your existing bank account to cover any outstanding checks and keeping it open until you have transferred all of your bill payments and direct deposits to Alliance Catholic Credit Union.

Checklist for Moving Direct Deposits and Automatic Payments

Take the following steps to move your direct deposits and automatic payments to your new Alliance Catholic Credit Union account:

• Make a list of current direct deposits and automatic payments.
• Contact anyone that you regularly receive money from (employer, Social Security, Veterans Affairs, pension and annuity income, investment income, etc.) to request a change form.
• Provide a voided check from your new Alliance Catholic Credit Union account to ensure all direct deposit change requests are processed correctly.
• Update billing information for automatic payments and notify service providers to withdraw payments from your new account.

Keep your existing bank account open until all direct deposit and automatic payment changes have taken effect, which may take a few deposit periods.

Tips for Closing Old Accounts Without Missing Bills

Keeping your old bank account open will prevent late or missing bill payments. Notifying companies that you are switching accounts will prompt them to change your auto payment information, and they will start deducting money from your new account. Most businesses offer a simple online feature to make this change. 

You will need to provide your new account number and routing number, which you will receive when you establish a relationship with Alliance Catholic Credit Union. The change typically takes about two withdrawal periods to take effect.

In addition to monthly automatic payments for rent, car payments, insurance, and more, remember to update your information with discretionary spending accounts, such as apps, gym memberships, online shopping, and streaming services. Once your funds have been verified and automatic payments updated, you can confidently close your old bank account.

Credit Union Benefits

Switching to Alliance Catholic Credit Union provides members with a wide range of benefits, including:

• Community-oriented values
• Competitive loan rates
• Fast, personalized service
• Attractive interest rates on CDs and savings accounts
• Member-focused approach
• Low monthly fees

Also, accounts at Alliance Catholic Credit Union are federally insured by the National Credit Union Association (NCUA) up to $250,000.

Open an Account with Alliance Catholic Credit Union Today!

Switching to Alliance Catholic Credit Union can prove to be a rewarding experience, providing a wide variety of benefits that can help you take control of your financial future.

Visit us today to become part of our family and learn how our extensive line of financial products and services can align with your values while meeting budgetary goals.

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