4. Switch Automatic Payments to Your New Rivermark Business Checking Account
Now it's time to take the list you've created and start transferring the payments and Bill Pay accounts. This is the largest time commitment, but it's well worth the work. Block out a few hours of time to get this done, or break it up into multiple sessions so you don't burn yourself out.
As you go down the list, identify if it's a payment directed by the company or by the Bill Pay feature on your old account. Once you identify the type of transaction, then go ahead and change out the old information with your new Rivermark account information or debit card information, or use the Rivermark Bill Pay setup and delete the old account version.
Once all transactions have been updated, you can start tracking each change as they charge to the new account throughout the month. After all transactions have gone through on the new Rivermark account, you can begin to move more of your money from your old account to the new one.
We would recommend keeping at least a few hundred dollars (or more if necessary) in the old account until the account is closed. See the next steps for more on this.