Bank makes switching your accounts hassle-free!
Step 1: Open an Industrial Bank checking account.
Step 2: Start using your new Industrial Bank account.
- Begin using your new Industrial Bank checking account.
Be sure to enroll
in our free online services such as Money
- Stop using your old account and allow time for outstanding
checks, debit card purchases and automatic payments to clear
- usually around 10 business days.
Step 3: Transfer automatic payments and direct deposits
to Industrial Bank.
Transfer any payments (such as insurance and club memberships)
that are automatically deducted from your old account to your
new Industrial Bank checking account.
We’ve created the necessary forms to make the process
Payments*- to switch automatic payments to your new
Industrial Bank account
Deposits*- to switch payroll/direct deposit to your
new Industrial Bank account
- Social Security Direct Deposit *- to switch Social Security
direct deposit to your new Industrial Bank account
Then, monitor your account with Money
Manager Online to know when all automatic payments and
debits have been transferred to your new Industrial Bank account.
Once all outstanding checks have cleared your old account
and all automatic payments and debits have been transferred,
instruct your old bank to close the account with this letter:
Industrial Bank has made switching your accounts hassle-free.
And it can be done when it's convenient for you!
If you have questions or need additional assistance on switching
to Industrial Bank, please email
us or visit the
Industrial Bank banking office nearest you.