The Best (and Easiest) Ways to Switch Your Bank

Trying to change from Wells Fargo to Chase? The idea of switching banks might overwhelm you. Here's the best advice on how to make changing your bank simple and stress free.
0:00 Switching banks
0:43 Reasons to switch
1:38 Make a list of auto-payments and deposits
2:43 Open the new account and begin transferring money
3:22 Re-route all the payments and deposits
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Hi Farnoosh, Thank you for sharing many basic money management tips! I am in the process of buying a house, which I find myself stretch my boundaries. With ones I prefer more, they are higher priced and more competitive. My employer has a referral to Landed program that helps downpayment and claims 2.5X contribution of the equity down the road. I discussed it with my tax accountant and want to withdraw some retirement funds (e.g., 401k) to stipend my downpayment instead of sharing my equity down the road. What are your insights and suggestions?

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What happens when you hit the minimum cash required in the account before a penalty, let's say 25K, but you are only allowed to transfer in 5K increments? How do you get the last bit of money out of the old bank and into the new one?

[@FarnooshTorabiTV]

Good question. Those transfer limits may be specific to electronic transfers...So, one way to circumvent this could be to write yourself a check from your old account to a new account. I also think that the minimum account balance is a "monthly" requirement so as long as you make all the transfers within the month, you should be OK. But double check with your bank. I hope I understood your question and answered sufficiently! Thanks for watching!!

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i have a dispute with a medical office and they are saying i agreed to something i never agreed to and now they are saying it cannot be "undone" and it amounts to about 240$ a month for a year. Now , i agreed to doing TRT and they tried to talk me into taking another drug. i had never gotten a dose of the 2nd drug, and now they are saying it cannot be undone and i have to pay for it for a year anyways. Now i was considering telling my bank i misplaced my card, but if they have my acc# it wont matter if card # changes...so cant i in theory, open another account somewhere else with say a few bucks and then transfer the rest from old bank into the new banks account which will have a new account number that the medical office doesnt have? I am trying to avoid spending hours on phone disputing this charge and weeks to finalize it... I know the medical office wont sue me, they are straight up scammers.

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