Small Business Switch Kit

We make it easy.

  1. Open your Compass business checking account. All it takes is one quick trip to your nearby Compass branch. Or, if you want, you can even do most of it by phone. Just call 1-800-COMPASS (266-7277) and one of our small business bankers will help you.

    Make sure to have the following documents with you — your business license, incorporation papers (if applicable) your tax identification or Social Security number, your driver's license, and $100 minimum opening deposit. By the way, to make things even easier, don't forget to open your Merchant Services account at the same time.
  2. Stop using your old account. It could take up to 10 days for all your outstanding checks and items to clear. In the meantime, go ahead and destroy any unused checks, deposit slips, ATM and debit cards.
  3. Change automatic payments. Just use this form to change any automatic withdrawals or automated payments.

    Automatic payment change form
    (15K PDF document)

    Don't forget those accounts that might use your old debit card number, merchant services transactions, monthly insurance, or loan payments.
  4. Change accounts for payroll processing. Just use this form to send to your payroll provider so that they can begin processing your payroll out of your new Compass Bank account.

    Payroll account change form
    (15K PDF document)
  5. Close your old business checking account. It's the day you've been waiting for. And you don't even have to go in to hear their "please stay" sales pitch. Just fill out this form and send it to your old bank:

    Close my Account Form
    (15K PDF document)

If there's a remaining balance after all your checks clear, they should send you a check at your request. It's that simple.