Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts: All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Switch Kit

Switching to a First Community Bank checking account has never been easier with FCB's Switch Kit.

  1. Open your new First Community Bank checking account.
    You can open an account by visiting any of our convenient locations.
     
  2. Stop using your old account.
    Let all of your checks clear. Destroy any unused checks, ATM and debit cards and deposit slips.
     
  3. Move your Direct Deposits to Your New Account.
    Once your checking account is opened, you will want to change any direct deposits to your new account. You will need to inform companies who make direct deposits on your behalf to use the new account. 

    You can use the Direct Deposit Authorization Form to notify these companies of the change. Print one form for each direct deposit, fill it out and send it to the company making the deposit.

    For social security direct deposits, changes may be made by calling Social Security Administration at 1-800-772-1213
     
  4. Move your Automatic Withdrawals to Your New Account.
    You will want to change any automatic payments that are being drafted from your old account. You will need to notify the companies making those drafts of the change in accounts.

    You can use the Automatic Payment/Deposit Switch Form to notify these companies of the change. Print one form for each company making an automatic payment/deposit, fill it out and send to the company making the payment/deposit.
     
  5. Close Your Old Account.
    You can send a written notice to close your old checking account using the Account Closing Form.

    If, after all your checks have cleared, you have a remaining balance, your old bank will send you a check for the remaining balance. You can calculate your remaining balance by using the Account Balance Worksheet.
     
  6. New Account Conversion Checklist.

                        Downloadable Forms               
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First Community Bank of Bedford County
     
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