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Switching bank accounts checklist

Ambuj Jain's Profile

I am looking for checklists / best practices materials for items to consider while switching corporate banking relationships. This would cover disbursement, payroll, lockbox, and investment bank accounts being moved from one financial institution to another. The banks accounts would be in the US and may be used for international operations. Any guidance would be appreciated.

Answers

Mark Krawczyk
Title: CFO
Company:
(CFO, ) |

Ambuj:

Not sure such a checklist exists, but would suggest you start with a clean slate of "to-dos" of what you KNOW you will need to do. Send this list out to your business contacts, colleagues and bankers you do business with to get their feedback. This "starting point" provided by you will (I think) be much more likely to get a response and assistance in helping you resolve this issue for your operations. Good luck

Ambuj Jain
Title: Owner
Company: Ambuj Jain, CPA
(Owner, Ambuj Jain, CPA) |

Mark,

Thank you for the suggestion. I will follow your advice.

Regards,

Ambuj

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