Switch Kit

Switch Kit

Changing banks doesn't have to be complicated. Our switch kit gets you started in just a matter of minutes.

How it works:

Easily change your accounts from another financial institution
to Beneficial for free. You’ll fill out a series of simple forms that will help
collect all the documentation you need to complete the process of
changing banks.

It's a simple switch.

Here’s what you’ll need to get started.

New account information

Add your new account info. If
you don't have a Beneficial
account, you’ll need to open
one before switching.

Account Clearing House (ACH)
or Direct Deposits

List information on companies
that make withdrawals or Direct
Deposits, such as home utilities
for automatic debits or taxes for
Direct Deposit.



Switch Kit

Previous account information

To close your old accounts,
you’ll need your previous
financial institution’s
information.

Electronic payments

If you use an online bill pay
service at your previous
institution, be sure to cancel
each payee and add them to
Beneficial Online Bill Pay.

Questions?

What is a Switch Kit?

A Switch Kit is a free service that allows you to close an account with another financial institution and transfer the funds to a new Beneficial account (this account must already be set up). You can also switch any direct deposits and automatic payments (ACH) from your old account(s) over to your new account(s). The Switch Kit contains a series of easy to follow steps, along with the necessary forms to fill out and mail to all respective parties.

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Who can use the Switch Kit?

Anyone who wants to switch funds from one financial institution to Beneficial Bank.

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Do I have to be a customer to use the Switch Kit?

Yes, you do have to be a customer so that we know where to send all of your payments, debits and funds.

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All Personal FAQs

Contact us anytime for
more assistance.

888.742.5272  |  

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1818 Beneficial Bank Place
1818 Market Street
Philadelphia, PA 19103

888.742.5272
info@thebeneficial.com
The use of non-secure email is intended for general questions, inquiries and comments only. Confidential Customer information cannot be accepted electronically.


Routing No: 236075689
SWIFT Code: BENFUS33

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USA PATRIOT Act

To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you – When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license and other identifying documents.