Step 1:
Open your checking account in person or online.
What you need
What to do
Determine whether you'd like to open your checking account at one of our banking centers or online.
In person: Visit a banking center to open your account (find the nearest banking center here). One of our highly-rated customer service representatives will assist you. You can also compare our 1st Source Checking Account options in advance of your visit.
Online: Compare our 1st Source Checking Account options, pick the best fit for you, and submit your online application. Our Easy Banking Club checking account is our most popular consumer checking account. You can complete an online application for the Easy Banking Club checking account here. After submitting your application, a customer service representative will contact you to assist you with the rest of the account opening process.
Step 2:
Change your direct deposits.
What you need
What to do
For this step, you will first need to determine which organizations send you direct deposits. Many people only receive direct deposits from their employer, but individual circumstances may vary. Once you know which companies or organizations send you direct deposits, you should reach out to those companies or organizations and learn what process they would like you to use to switch your direct deposits to go to your new 1st Source checking account and how long it will take to get switched.
While setting up direct deposits is between an individual and the companies or organizations that send them direct deposits, 1st Source Bank offers a Direct Deposit Authorization Form, which you can complete and offer to send to each company or organization sending you direct deposits. Please be aware that 1st Source Bank cannot guarantee that these forms will be accepted in every instance. Companies or organizations sending you direct deposits may require you to make these changes in person or by some other method, and they may require more or different information than what is contained on this form.
Social Security: To change your Social Security Administration direct deposit, call 800-772-1213 or visit socialsecurity.gov. You can find your routing and account numbers on your starter checks.
Step 3:
Change your automatic payments.
What you need
What to do
For this step, you will first need to determine which service providers you send automatic payments. This may include various utility providers such as electric, gas, or water, but individual circumstances may vary. Once you know which service providers you send automatic payments, you should reach out to those service providers and learn what process they would like you to use to switch your automatic payments to come from your new 1st Source checking account and how long it will take to get switched.
While setting up automatic payments is between an individual and the service providers that the individual sends automatic payments, 1st Source Bank offers an Automatic Payment Change Authorization Form, which you can complete and offer to send to each service provider that you send automatic payments. However, please be aware that 1st Source Bank cannot guarantee that these forms will be accepted in every instance. Service providers that you send automatic payments may require you to make these changes in person or by some other method, and they may require more or different information than what is contained on this form.
Step 4:
Stop using your old checking account.
What you need
What to do
For this step, you will first need to transfer funds over from your old checking account to your new 1st Source checking account. When you do this, be sure to leave sufficient funds in your old checking account to cover any outstanding transactions.
Once that is done, start using your new 1st Source checking account for all your checking needs and stop using your old checking account. If you use a bill pay service through your old checking account provider, you may wish to switch to automatic payments (see step 3) or set up Bill Pay (available through online banking) to make payments from your new 1st Source checking account. It is recommended that you leave your old checking account open for approximately 30 days to allow time for any outstanding checks and payments to clear.
Step 5:
Close your old checking account.
What you need
What to do
For this step, you will first need to ensure that any outstanding checks and payments associated with your old checking account have cleared. Once you are sure that no further transactions will take place involving your old checking account, reach out to your former checking account provider and ask them to close your old checking account.
That's All!
Welcome to 1st Source Bank!
