Do You Need New Checks When You Move?
Moving soon? Understand how your bank accounts and checks are affected by a new address to ensure a smooth financial transition.
When moving to a new residence, many individuals consider how their financial accounts, especially their bank checks, are impacted. It is important to ensure all financial details accurately reflect the new living situation to avoid potential disruptions and support a smooth transition.
Information on Checks and Moving
While it is not a legal requirement to obtain new checks immediately after moving, it is highly advisable. A standard check includes your name, current address, and the bank’s routing and account numbers.
Using checks with an outdated address can lead to several issues. For instance, if a recipient mails correspondence or a payment related to the check, it could be sent to your old address, delaying important communications or leading to privacy concerns. Additionally, some businesses or individuals might view a check with an old address as unprofessional or question its legitimacy, leading to delays in processing.
Although the bank primarily relies on routing and account numbers for processing, the printed address is still a common identifier. Maintaining accurate personal information on your financial instruments helps ensure clear communication and supports the smooth handling of your transactions.
Updating Your Address with Your Bank
A fundamental step after relocating is to officially update your address with your financial institution. This action is crucial for receiving all bank correspondence, such as monthly statements, tax documents, and any new checkbooks you may order.
Financial institutions offer various methods for address changes. Many banks provide online banking portals where you can update your personal details securely. Alternatively, you can visit a local bank branch in person, where a representative can assist you with filling out the necessary forms, often requiring proof of your new address and identification. Some banks also allow address changes via a mailed form or by calling customer service. Ensuring your bank has your current address on file is a prerequisite for many other banking actions and helps maintain the security and accuracy of your financial records.
Ordering New Checks
After successfully updating your address with your bank, you can proceed with ordering new checks that display your current residential information. You have a couple of primary options for obtaining these checks.
You can order them directly through your bank, either online, via phone, or by visiting a branch. While convenient, ordering directly from your bank may sometimes be more expensive, with prices ranging from approximately $0.38 to $0.65 per check for standard single checks.
An alternative is to use a reputable third-party check printing service, which often offers checks at a lower cost, typically between $0.05 and $0.24 per check for standard single checks. When ordering through any channel, it is advisable to carefully review the check proof to verify that all details, especially your new address, are correct before finalizing the order. Delivery times for new checks can vary, but generally range from a few business days to a couple of weeks, depending on the vendor and shipping method.
Beyond Checks Additional Banking Considerations When Moving
Moving involves more than just updating checks; it necessitates a comprehensive review of all your banking and financial arrangements. It is important to update your direct deposit information with your employer or any other sources of recurring income.
Although direct deposit primarily relies on routing and account numbers, your employer may still need your updated address for payroll records and tax documentation. Similarly, you should notify all credit card companies of your new billing address to ensure you receive statements and avoid potential issues with transactions, especially online purchases.
Furthermore, remember to update the billing addresses for any recurring payments or subscriptions linked to your bank accounts or credit cards, such as utility bills, streaming services, or insurance premiums. If your move is a significant distance, you might also consider whether to change bank branches or even open a new account with a different financial institution that offers more convenient local services or better terms in your new area. This holistic approach helps prevent service interruptions and protects your financial continuity.