Changing banks doesn't have to be a drawn-out hassle. With a little bit of research, planning and patience, you can cut ties with your old bank and start fresh with a new one that will treat you right.

Here’s how you can switch banks quickly and seamlessly.

Step 1: Plan your exit

Verify the monthly bank statement
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Take note of your transaction history.

Like most people, you’re probably receiving deposits and paying at least some bills directly from your bank account. With a little planning, you can close your account, open a new one and avoid missing deposits or incurring any late payment fees.

To do this, make a list of the bill payments, direct deposits (such as paychecks from your employer), linked accounts, subscriptions, mobile apps and other relationships tied to your current account.

Many recurring payments happen on or around the same day each month, so check your past three monthly bank statements to see when your payments and deposits tend to occur.

Later, with a good list in hand, you’ll be able to check off each direct deposit and automatic payment as it's successfully moved to your new account.

Try to time the switch to your new account right after most of these electronic payments are completed for the month. That way, you’ll give yourself, your employer and your payees a few weeks to change things over.

Step 2: Choose a new bank

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Visit banks to find a new account.

Before you close down your existing checking or savings account (or both), take the time to shop around to choose a new and improved bank or credit union.

Check out banks’ websites, or make free appointments at financial institutions and ask about online banking, overdraft protection, automatic payment scheduling and any recurring monthly fees.

Make sure to inquire about competitive interest rates on savings accounts, checking accounts with low fees, and any minimum deposit requirements. Consider opening a high-yield checking account to earn a good return on your money.

If you're relying on a credit card that's tied to your old bank, don’t forget to ask about credit card offerings, too. It’s often easier and faster to pay credit card bills using online banking from an account at the same bank.

Finally, look for a bank that has branches and ATMs located conveniently close to you.

Step 3: Open a new bank account

Online banking
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Go to the bank's website to open your new account.

Once you’ve found a new bank, it’s time to open an account. Make sure you know which product you want, whether it’s a checking account, high-yield savings account or one of your other account options.

The fastest way to open an account is on the bank’s website. When you search for the site, sure to type in the bank's name correctly, so you won't be directed onto a fake website with a similar name.

Once you’re on the bank’s site, just follow its steps for opening a new account.

You also can open an account in person by going to your chosen bank during the day with your government-issued ID, your Social Security number (or equivalent), proof of your address, and some money to deposit upon opening the account. But not all accounts need you to make an initial deposit, so check in advance.

Finally, fill out the bank’s paperwork, and read your agreement carefully before signing it.

Step 4: Link your accounts

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Make a small transaction to link your two accounts.

In order to move money and payee information quickly from your old account to your new one, you’ll need to link the two accounts.

You can do this on the website or mobile app of the bank you're leaving, by choosing the option to “add an account” or “link account.”

Enter the new bank account’s routing information, and do a tiny money transfer by sending a few pennies from your old account to your new account.

Within a day or two, your soon-to-be old bank will confirm that the small transfer was successful and that the accounts are linked.

Step 5: Stop automatic payments

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Put a stop to all automatic payments from your old account.

Next, you’ll want to set up your new account to accept direct deposits and pay recurring bills tied to your existing account.

If your employer pays you using direct deposit, inform your workplace of your new bank account information. This can be found on a blank check or on your online banking page. The switching process can take one or more pay cycles, so it's best to update your bank information for direct deposits as soon as possible.

Make sure to cover all income sources, including Social Security benefits, pensions, investments and annuities.

While transferring automatic payments over to your new account, turn off payments from your old one. This way, you won’t accidentally pay a bill from the wrong account.

Activate automatic payments with your new bank account as the bills become due. This ensures you’ll remember to schedule all your bills and will save you from possible overdrafts or late fees if something goes wrong during the switching process.

Don't forget to update your banking information for online payment systems such as PayPal. Some take a few business days to verify new accounts.

Step 6: Wait a month

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Be patient, because it may take a month for all of your regular transactions to change over.

Some of your automatic bill payments may not move over to the new account right away. Payees may take one billing cycle (usually a month) to make the transition.

This means it’s a good idea to wait a month for all of your automatic payments to complete one successful transfer from your new account before completely closing your old one.

Once all of your payees and deposits have successfully completed a transfer to or from your new account, you’ll know it’s safe to close up your old account without any confusion about linked deposits or bill payments.

Step 7: Transfer the bulk of your money

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An electronic transfer is the cheapest way to move your money, outside of physical cash.

Once you have your bills and outstanding debts taken care of, you can safely transfer the majority of your money, including your emergency funds, to your new bank. If you have investment accounts or a high-yield savings account, make sure you get these rolled over into equivalents at your new bank.

It's generally best to leave a small cushion in the old account in case there are transactions you've missed or forgotten about.

Depending on the banks, making an electronic payment is the cheapest option aside from physically taking the money to the new bank.

However, if you want immediate access to your funds, a bank wire transfer or a service such as Zelle is the fastest method. A wire transfer typically incurs a fee, so keep that in mind when deciding how to proceed. You can learn how to do a bank-to-bank transfer using our guide.

Make sure you keep up with the minimum balance requirements of your old bank so that you won't accidentally trigger a penalty when you're transferring money out of your account.

8. Close your old account

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Ask your bank for written confirmation of the closure.

Once you're confident that all of your outstanding bills, checks and debits have cleared, and that your new account is fully functional, it's time to formally close your old one.

You can do this by phone or by visiting a bank branch. If you're going in person, you may want to call ahead to find out which documents you'll need to close your account. The bank may charge a fee, so be prepared for that as well.

Ask the bank to provide written confirmation of the closure.

The U.S. Consumer Financial Protection Bureau strongly recommends taking the extra step of getting written confirmation, so there's a paper trail in case the account is ever reactivated for any reason.

9. Beware of the 'zombie account'

Zombie at the door
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Don't let your old account become a zombie.

Consumer banking experts warn that you should be on the lookout in case your old account turns into a "zombie account."

This is when a bank reopens an account without informing you, typically because of a check or payment coming through. The bank can then charge late fees, penalties and overdraft fees that will pile up without your knowledge.

If you’ve properly and successfully transferred all of your bills over to your new account, you’ll should be all right.

Changing banks shouldn’t be a daunting task, but it may take a few weeks to complete properly. With the right checklist, you can switch bank accounts with no trouble at all.