A bank switch kit is essentially an information packet that most banks offer to new customers to make it easy to change banks and bank accounts.  Switch kits are created by the individual banks, there is no standard or ubiquitous switch kits for all banks, to help facilitate a prospective customer’s transition to the bank.  Switch kits are generally used for new checking accounts but can be used to help open new savings accounts, money market accounts, or other deposit accounts with the bank.

The design of the bank switch kit is set up to help make a prospective customer’s transition to a new bank account quickly and easily.  Changing banks can be a big decision and a real challenge for many consumers.  The kits will often include a step-by-step checklist and forms that may be needed to facilitate the transfer to the bank.  Most bank switch kits include form letters to send to the appropriate parties to switch direct deposits from another bank account to the new bank account, redirect existing auto payments to the new bank account, and close out the previous bank account or accounts. 

Switch kits may also include more than just the forms and resources to switch accounts, the kit may also include relevant bank information such as an overview of the bank and bank products, the bank routing number, helpful contact numbers, and the bank web address.

The bank switch kits are not only useful for new customers switching banks but are helpful for banks that have acquired another bank.  In these cases, the bank may use the kit to make sure there are adequate bank account resources and useful information readily available to those customers of the acquired bank as well as to draw in new customers during the transition.

The switch kits offered are usually available for both consumer accounts and business accounts.  Switch kits can be obtained online as well as at bank branches and through the mail.

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