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Getting Started

 

Account Switch Information

To ensure a smooth transition, the following process is recommended: 

  1. After the new accounts are established, fund the new accounts with a portion of the balances. Any liquid investment accounts can be funded.  
  2. Order checks and endorsement stamp for new accounts. 
  3. Notify all vendors of the new account information. CCU will provide account verification letters to assist with the notifications. 
  4. When new checks arrive, start issuing check payments out of the new account, transferring the amount of all checks written to ensure the new account is funded appropriately. 
  5. Keep track of all outstanding checks on old account. Continue to move funds as account activity switches to new account. 

  6. Once all vendors have successfully changed their records to the new account and all outstanding checks have cleared, the old account can be closed and the remaining funds moved to new account. 

    Your Commercial Treasury Management Team is here for you! We will assist with each step to collaborate a smooth transition. We are in your Commercial Corner!