First, you’ll want to cancel any automatic bill payments or drafts you have scheduled with your bank. This will prevent those payments from overdrawing the checking account you’re closing. Be sure to leave sufficient funds for any pending debits that you are not able to stop right away.
Next, you’ll want to switch your direct deposit to your new account at AMOCO. After doing that, you can reschedule automatic bill payments or drafts from your new account.
Your final step should be to close your old account and withdraw remaining funds. We recommend closing your account in person after all checks written, debit card transactions, and any automatic bill payments or drafts have cleared. Don’t forget to shred all checks and debit cards that are linked to your closed account.