Are you unhappy with your bank? Maybe they haven’t been transparent about their fees and services, or perhaps you’re seeking a more personalized banking experience with engaged and friendly service. Switching banks can seem like a big hassle, and while it does require some planning and coordination, it’s the right move if your current bank isn’t meeting your needs.
Why You Should Switch To Piscataqua Savings Bank
At Piscataqua, you’re more than just an account number.
Here’s what sets us apart:
- Mutual savings bank: we put customers first, not shareholders
- Certified B Corporation: we meet high standards for social and environmental impact
- Community-focused: over $1 million donated to local nonprofits in the last decade
- Modern tech + small-town service: get mobile deposits, online banking, and real human support
- Profits stay local: funding better rates for customers and support for Portsmouth initiatives
How To Switch To Piscataqua in 4 Easy Steps
1. Open Your New Account
The first step in switching from your current bank to Piscataqua is to establish your new account. We offer the ability to open a new account online but highly recommend coming in to talk with one of our knowledgeable bankers to determine which account type(s) best suits your needs, get you set up with a new debit card, and can walk you through setting up online banking. You will need to make a small deposit to open the account.
2. Switch Your Automatic Transactions
- Update your direct deposit with your employer
- Transfer autopay bills and subscriptions
- Use a recent bank statement to identify recurring payments
- Set up transfers from your new account
3. Transfer Remaining Funds
- Move remaining funds from your old account
- Choose the method that works best:
- Cash withdrawal
- Official bank check
- Bank-to-bank transfer
4. Close Your Old Account
- Verify all payments have cleared first
- Request written confirmation of account closure
- Be aware of any early closure fees
We’re Here to Help Every Step of the Way
Don’t stay with a bank that doesn’t prioritize you.
With only a few simple steps, switching to Piscataqua is easier than you think. From there, you can enjoy:
- Friendly customer service
- Personalized banking
- Community-first mindset
In Summary:
Open your new account online or in person, with help from our team to choose the right account, get a debit card, and set up online banking.
Update your automatic transactions, including direct deposits, bill payments, and subscriptions using a recent bank statement to help.
Transfer remaining funds from your old account by cash, check, or bank-to-bank transfer once all payments have switched over.
Close your old account and request written confirmation to avoid unexpected fees or missed transactions.
FAQs About Switching to Piscataqua Savings Bank
- Do I need to visit the bank in person to switch?
While you can open a new account online, we recommend stopping by our Pleasant Street location in Portsmouth. Our team can help you choose the right account, issue a debit card on the spot, and walk you through setting up online banking and mobile deposit. - What should I bring when opening my new account?
To open your account, bring a government-issued photo ID and be ready to make a small opening deposit. It’s also helpful to bring a recent bank statement from your current bank so we can assist with transferring your automatic payments and deposits. - Will Piscataqua help me move my direct deposit and bill pay?
Yes! Our staff is happy to help you make the transition as smooth as possible. We can guide you through updating your direct deposit, moving automatic payments, and ensuring nothing gets missed in the switch.
Portsmouth’s Mutual Savings Bank Since 1877
Piscataqua Savings Bank has proudly served the Portsmouth community as a mutual savings bank since 1877. We are an independent community bank dedicated to personally helping individuals and families achieve their financial goals while supporting the communities where we live and work. Visit us at 15 Pleasant Street in Portsmouth, NH today to get started banking with Piscataqua, or open an account online at piscataqua.com.
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