Switch Kit

These days we all have busy lives, so here at The Farmers State Bank we are always looking for ways to make banking with us easy and convenient. The Farmers State Bank Switch Kit is just one more way we are working to make your life simple.

Follow the 5 easy steps in The Farmers State Bank Switch Kit to start “Hometown Banking with your Neighbors and Friends”.

SWITCHING HAS NEVER BEEN EASIER!

Switching your account(s) to The Farmers State Bank is easier than you think. You don’t even have to visit your old bank! Just follow the steps below and remember that we are here to help you with this process!

Step 1: Open an account at The Farmers State Bank! See a Customer Service Representative at one of our locations. They will help determine what account(s) fits you best.
Step 2: Stop using your previous checking account. Allow time for outstanding checks to clear. Destroy your ATM and/or Debit cards, any unused checks and deposit slips. We would be glad to shred them for you!
Step 3: Move any Direct Deposit(s) to The Farmers State Bank. Use the Direct Deposit Request Form included in this kit to make this process even easier.
Step 4: Transfer any Automatic Payments and Debits to The Farmers State Bank. Use the Automatic Payment Request Form included in this kit to assist in quickly making the switch.
Step 5: Close your previous checking account. Use the Account Closing Request Form included in this kit to close your previous checking account.

DIRECT DEPOSIT REQUEST INSTRUCTIONS

Direct Deposits
After you have identified the Direct Deposits from your previous bank statements, use the Direct Deposit Request Form to notify the depositor of your new bank information.

Before Sending the Direct Deposit Request Form

  1. Check with your employer or source of income to make sure no other forms are required. For Social Security Direct Deposit, call the Social Security Administration at 1-800-772-1213 or go to www.ssa.gov/deposit/howtosign.htm.
  2. Use the included form to establish your Direct Deposit at The Farmers State Bank by providing it to your employer or source of income.
  3. Maintain the account at your previous bank until you have confirmed that your Direct Deposit(s) has been switched to your Farmers State Bank account.

After Sending the Direct Deposit Request Form

  1. Confirm with your employer or source of income that the forms were received.
  2. Monitor your new account through The Farmers State Bank online at www.fsbks.com.

Examples of Direct Deposit

  • Paycheck from Employer
  • Social Security
  • VA Compensation
  • Retirement/Pension Plan
  • Interest Income
  • Dividends
  • Military Pay  

AUTOMATIC PAYMENT REQUEST INSTRUCTIONS

Automatic Payments
After you have identified the Automatic Payments from your previous bank statements, use the Automatic Payment Request Form to notify the merchant of your new bank information.

Don’t forget you can also manage your payments with The Farmers State Bank’s Internet Banking and Online Bill Pay!

Before Sending the Automatic Payment Request Form

  1. Identify any existing automatic payments.
  2. Use the included form to request that your automatic payment be established at The Farmers State Bank.
  3. Maintain the account at your previous bank until you have confirmed that the automatic payment has been switched to your Farmers State Bank account.

ACCOUNT CLOSING REQUEST INSTRUCTIONS

Before Sending the Account Closing Request Form

  1. Check with your previous bank to make sure no additional forms or information are required.
  2. Inquire about any possible penalties with respect to early withdrawal before you close your account. If you have a Certificate of Deposit (CD), it is important to check for maturity dates.
  3. Be sure that all automatic transactions have been switched to your Farmers State Bank account before closing your old account.

After you have sent the Account Closing Request

  1. Check account statements to verify that all accounts have a zero balance and have been closed.