The Transition to a Heritage Bank checking account is as easy as 1-2-3!
1. Open your new Heritage Bank
Stop using your old account. Let all of your checks clear. Destroy any unused checks, ATM and debit cards and deposit tickets.
2. Move your Direct Deposits and
Automatic Transactions to Your New
Once your Heritage Checking Account is opened, you will be able to change your direct deposits to your new account. You will need to inform companies that make direct deposits on your behalf to use your new Heritage account. You can use the Payroll Direct Deposit Authorization Form; or the Automatic Payment/ Deposit Switch Form, to notify companies of the change. Print one form for each direct deposit, complete it and send it to the company issuing the deposit.
For social security direct deposits, changes may be made by calling Social Security Administration at 1-800-772-1213 or by accessing the Go Direct website at http://www.godirect.org.
Any automatic payments that are being debited from your old account will need to be changed, too. Please notify the companies making those deductions of the change in your accounts. (This includes any company who is deducting payments through your check card.) Please use the Automatic Payment/Deposit Switch Form to notify these companies of the change. Print one form for each company making an automatic payment/deposit, fill it out and send to the company making the payment/deposit.
3. Close Your Old Account.
You can send a written notice to close your old checking account using the Account Closing Form. If, after all your checks have
cleared, you have a remaining balance, your former bank will send you a check for the remaining balance. You can calculate
your remaining balance by using the Account Balance Worksheet.
As one final check â€“ use our
Call 757-648-1700 if you have any questions regarding your
Transition to Heritage Bank.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transactional account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositors’ accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, Click Here.