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2. Open the new bank account

Open the new bank accountHere’s the first timing step: Open your new account before you close the old account. You’ll want to have the new account ready to go, complete with debit card and checks, before you drop your old bank.

Most banks require identification forms in order to open an account. These include a valid photo ID such as a driver’s license or passport, your Social Security number or alien registration number, and proof of your address.

If you’re going to do an electronic funds transfer (EFT) to open the new account with money from your old account, you’ll need your old account number and the bank’s routing number, which can be found on the bottom of your checks.

Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available. Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author's alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program. UGC Disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.