Comments on: Fire your bank with the Switch Bank Accounts Checklist

By: 5 Sneaky Ways to Save $100 a Month « Top Online MBA Blog

5 Sneaky Ways to Save $100 a Month « Top Online MBA Blog — Sun, 29 Aug 2010 16:06:43 +0000

[...] a lower fee plan could save you up to $100 (or even more) each month. Download this free Switch Bank Accounts Checklist to make your move [...]

By: Less Debt Fast » Blog Archive » Interesting Links for March 20, 2010

Less Debt Fast » Blog Archive » Interesting Links for March 20, 2010 — Sat, 10 Apr 2010 22:46:05 +0000

[...] Fire your bank with the Switch Bank Accounts Checklist (free download) – A great tool for you to switch to, I don’t know, maybe one of those reward checking accounts I’ve been telling you about! [...]

By: Financial Ramblings

Financial Ramblings — Sun, 21 Mar 2010 13:42:20 +0000

[...] Switch bank account checklist @ Squawkfox. Switching bank account is always a pain. Here’s a checklist that will help you think about everything. [...]

By: Great Articles To Read 3-21-10

Great Articles To Read 3-21-10 — Sun, 21 Mar 2010 11:47:14 +0000

[...] World by My Journey to Millions. The Myth of the Starving Artist at I Will Teach You To Be Rich. Fire your bank with the Switch Bank Accounts Checklist from Squawkfox. SEP IRA – Contribution Limits and Deadlines by Debt Free Adventure. Should I Open [...]

By: Great Articles To Read 3-21-10

Great Articles To Read 3-21-10 — Sun, 21 Mar 2010 11:47:13 +0000

By: Friday Gathering: Healthcare vote Edition

Friday Gathering: Healthcare vote Edition — Fri, 19 Mar 2010 11:02:14 +0000

[...] am getting ready to open a new bank account. Squawkfox tells us how toFire your bank with the Switch Bank Accounts Checklist. Closing an old account can be a massive pain, but part of being a good customer is the willingness [...]

By: Greg

Greg — Wed, 17 Mar 2010 23:20:03 +0000

dlm: I contacted the companies directly: Hydro, Cable, Gas, etc. I asked if I could change to a preauthorized payment plan using my credit card. Most companies said yes and now they take their monthly payment from my credit card automatically. I check CC statements to confirm that what they collected matches what the bill says to confirm they don’t screw up. I’ve been doing this with some bills for years and haven’t had any issues yet.

The one thing to remember is when you get a new credit card (or new expiry date) you will have to contact them and give them the updated info. I keep all the bills that I pay this way in a spreadsheet with the contact phone number so it is a pretty simple process to update them all.

By: dlm

dlm — Wed, 17 Mar 2010 19:58:40 +0000

Greg: How does the automatic bill payment work with cash back credit cards? We have President’s Choice Mastercard but can’t pay bills with it. ??

By: Tracy

Tracy — Tue, 16 Mar 2010 20:13:10 +0000

I like collecting Aeroplan points, and after finally signing up for a Visa (with another bank) that awards points, I realized I may have to switch banks in order to pay that Visa online. Lucky for me, I found out today that CIBC is also awarding 10,000 Aeroplan points if you switch your account to them. Then I come across this post today.
Serendipity. I guess it’s goodbye Royal Bank!

By: Greg

Greg — Mon, 15 Mar 2010 20:18:00 +0000

I went through this exercise just a few months ago. My favourite bank (Citizens Bank of Canada) decided that it didn’t want to be a bank any more, so I was forced to find a new bank. I went through several months of statements looking for all my preauthorized deposits and payments and created a list and then contacted each one. I kept the old account open for an extra couple of months just to make sure I didn’t miss one (I didn’t) and then I transferred the remainder of the money from my old bank to the new one.

One additional thing that I did at the same time was transfer all of the automatic bill payments that I could onto my cash back credit card. Why not get a few dollars back while I’m at it?!! (Of course this only works if you pay the card off in full every month).