What is a Bank Switch Kit
What is a Bank Switch Kit?
A Bank Switch Kit is a tool usually focused on automatic payments and direct deposits which help customers switch their account one bank account to another.
How does a Switch Kit differentiate your bank from others?
By shortening the time required to switch automated payment.
The Auto Switch Kit product helps the consumer fill out many forms in a matter of 2 to 5 minutes. Where it could have taken 10 to 30 using other methods.
The process of switching typically goes like this:
- User fills out their name, new bank account information and their employer information on a direct deposit change form.
- User fills out their name, new bank account information, power company name, address account number.
- User fills out their name, new bank account information, cable company name, address account number.
This form has to be filled out 5 to 10 times.
Auto Switch Kit
Our Auto Switch Kit takes a different approach to minimize the amount of work that the Bank Customer has to do in order to switch their account (making it easier for them to switch to your Bank)
User selects checkboxes from a preset list of local Vendor companies
User fills their name, new account, and local Vendor account numbers on a single form.
System displays all local company forms, filled out and ready for printing.
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|Generic||Auto Switch Kit|
|How many forms have to be filled out||Filling out multiple forms with the same information, one form for every vendor||Fill out all information at once|
|Easy to select and remember||Must remember which companies, and then type out the names of each of them.||Prompts for the most common local companies such as power and cable and other utilities.|
|Faster, more accurate information||ou must fill out the company’s address information which likely involves researching the correct address and mailing procedure on it.||Uses the local company’s local form which has the logo, address information and mailing procedure on it.|
See for yourself how this tool can help you.
Request a demo
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