AARP holds senators accountable for key bipartisan Medicare vote. Learn more


Renew for 3 and attend Life at 50+ for free

Contests and

You Could Choose Your Dream Vacation!

Hawaii, the Grand Canyon or an Alaskan Cruise! No purchase necessary. Ends May 31. See official rules.

Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

You Could Choose Your Dream Vacation
Happy African American couple

AARP Books

Visit the Money Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

Jobs You Might Like

most popular


Want to Try a New Bank?

6 steps to making the switch an easier process

4. The Web service goes a step further. For $14.95, it can help you through the process — you enter the names of the companies you deal with for automatic debits and deposits (you won’t be asked for account information) and the service then emails you a customized switch kit that includes other resources such as paper forms for the institutions that you need to contact, phone numbers and website addresses.

5. Stop using your old account.

6. Wait to close the old account until you’re sure every automatic transaction has been switched. Some of the firms making automatic credits and debits will be slower than others — so look at your checking statements or monitor your account online to confirm that each firm has completed the switch. Make sure that all paper checks you’ve written on the old account have cleared. (You’ve kept good records of your checks, right?)  Close the old account.

Your work is done. You can now breathe a sigh of relief.

Also of interest: 8 ways to avoid bank fees. »

William J. Lynott is an author and freelance writer who specializes in business and financial issues.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts


Please wait...

progress bar, please wait

Related Video

Nancy Cordes speaks with CBS Moneywatch' Ilyce Glink about new bank fees and how to avoid them.

Tell Us WhatYou Think

Please leave your comment below.


The Cheap Life

Jeff Yeager Cheap Life Ultimate Cheapskate AARP YouTube web series save money

Catch the latest episode of The Cheap Life starring Jeff Yeager, AARP's Ultimate Cheapskate. Watch

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Credit safeguards with AARP® Identity Theft Protection from TrustedID®.

AARP Credit card from Chase

Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.

Man using cell phone outdoors

Members save on monthly service & usage fees and get free activation with Consumer Cellular.

Member Benefits

Join or renew today! AARP members receive exclusive member benefits & affect social change.


Advance your skills. Transform your career.

Explore your learning possibilities.