Moving out of state -- what do I do with my bank account?
February 24, 2011 10:40 AM Subscribe
I'm moving from Washington State to Southern California in a few weeks. My primary banking is with Bank of America. What do I need to do with respect to my bank accounts when I move, to cause the minimum possible disruption?
posted by sharding to work & money (21 answers total)
It's been over ten years since I've moved to a different state. At that time, IIRC even though I was staying with the same bank, I had to close my bank account in the previous state, take all the money out, and start over clean in the new state. Is that still what I'd need to do? I do plan to stay with Bank of America (I'm well aware of their shortcomings, and I do have accounts in other places including a credit union -- you don't need to try to convince me to change).
My B of A account is my primary checking account, which receives my paychecks (and I'm keeping the same job, so that will continue). It also has my main credit card, which is used for auto-pay on a vast array of accounts. My mortgage (which I still need to pay until my house sells) is also with BofA and linked in. I have all of the account numbers memorized. In other words, it would be a significant inconvenience to have to start over. I don't want to do that unless I have to.
Will it be possible to just change the addresses on my accounts and keep going? If not, is there some more seamless way to do it than a complete close account/open new account?