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Switch Kit

Make the switch today and Experience the Magnolia Way!

Magnolia Bank Switch Kit

Let Magnolia Bank help take the hassle out of switching banks with these quick and easy steps:

  • Stop into one of our convenient banking center locations and open your new Magnolia Bank account. For faster account opening, download and complete the new account information form and return it to the nearest banking center to finalize the account opening process.
  • Verify all checks have cleared your current checking account.
  • Verify enough funds are available in your account to cover any automatic payments that have yet to be withdrawn.
  • Download and complete the account closure form to close your current checking account once all items have cleared. The bank will send you a check for any remaining balance per the instructions on the account closure form.
  • Download and complete the direct deposit/payment authorization notice form and provide this document to any necessary companies including; employers, social security, financial advisors, etc.
  • Download and complete the automatic withdrawal form and provide this document to all vendors (utilities, insurance, internet, cable, etc.) to ensure all monthly automatic payments are taken out of your new Magnolia Bank account.
  • Destroy all remaining blank checks, debit cards, etc. attached to your closed account. This is a security measure for your protection.
  • Still have questions? Contact us.