Moving to a new city or state brings a lot of changes — from updating your address to getting used to a new neighborhood. But one thing many people forget? Whether they need a new bank account.
If you’re moving somewhere far from your current bank’s branches or if your old bank charges high fees for out-of-network use, switching might make sense. At United Local Movers, we’ve helped thousands of people relocate across the country — and more than a few wished they’d thought about their banking situation before settling in.
In this guide, we’ll walk through when it makes sense to open a new account — and how to do it without stress while you’re still getting settled.
When It Makes Sense to Switch Banks
You don’t always have to open a new account after a move, but here are some common situations where it helps:
- No nearby branches: If your current bank doesn’t operate in your new area, accessing help becomes harder.
- High ATM fees: Out-of-network withdrawals can add up fast — sometimes $3–$5 per transaction.
- Better local deals: Some banks offer sign-up bonuses or lower fees just for new customers.
- Membership rules: Some credit unions or regional banks require in-state residency to keep an account active.
- Different needs: Maybe now’s the time to find a bank with better online tools, business services, or mortgage options.
How to Open a New Bank Account Smoothly
1. Research Local Banking Options
Before you move, look into what banks are available in your new town. Consider:
- Number of ATMs and branch locations
- Monthly fees and minimum balance requirements
- Mobile app features and ease of use
- Customer service reviews
- Promotions like welcome bonuses or free checks
Credit unions are often a good option too, especially if you value personal service and lower costs.
2. Gather What You’ll Need
To open a new account, most banks will ask for:
- A government-issued ID (like a driver’s license or passport)
- Your Social Security Number (SSN) or ITIN
- Proof of address (a lease agreement, utility bill, or mail with your name and new address)
- An initial deposit (usually between $25 and $100)
Some banks let you open an account online, though you may need to verify your identity later in person.
3. Choose the Right Type of Account
Depending on your lifestyle, you might want one of these:
- Checking account: For everyday spending and bills
- Savings account: To build emergency funds or save toward goals
- Money market account: Offers higher interest and limited check-writing
- Business account: For freelancers or small business owners
Pick what works best for how you spend and save.
4. Fund Your New Account
Once you open it, fund your new account by:
- Making a cash deposit at a branch
- Depositing a check via mobile app
- Transferring money electronically from your old bank
Set up mobile alerts, direct deposit, and security settings right away so everything runs smoothly.
5. Update Automatic Payments
Don’t forget to switch over things like:
- Direct deposit from work
- Streaming services (Netflix, Spotify, etc.)
- Rent or utility payments
- Credit card autopay
Keep both accounts active for a little while to avoid missed payments during the transition.
What to Do With Your Old Account
If you don’t plan to keep both accounts long-term, follow these steps before closing the old one:
- Wait until all pending transactions go through
- Download past statements for tax records
- Transfer any remaining funds
- Contact the bank and formally request closure
Leave the account open for at least 30–60 days just in case something slips through the cracks.
Tips for a Smoother Banking Change
- Use sites like Bankrate or NerdWallet to compare banks
- Look for banks with wide ATM networks if you travel often
- Let your current bank know you’re moving in advance
- Turn on transaction alerts for extra security
- Add your new card to Apple Pay or Google Pay for easier spending
How United Local Movers Helps You Stay Organized
We don’t handle banking, but United Local Movers supports every part of your move — including reminders for important life updates like setting up a new account. Our pre-move checklists include tasks like changing your voter registration, updating utilities, and yes — switching banks.
We also help clients protect financial documents during a move, making sure nothing gets lost in the shuffle. And if your new home isn’t quite ready yet? We offer best-rate temporary storage so you can take your time settling in — no rush, no stress.
In Short
Opening a new bank account might not be the first thing you think about when moving — but doing it early can save you time, money, and frustration later. A little planning goes a long way toward keeping your finances smooth and secure in your new home.
And while you focus on that, let United Local Movers handle the heavy lifting — so your move is as easy as your new checking account.
