Changing bank accounts

So you've found a better deal. Congrats. Keep in mind that you're probably saving $100 a year or more. Banks make billions of dollars out of customer laziness - so keep your mind on the prize and soldier through these 5 Steps to Bank Account Paradise.

The Mozo Bank-Switch Checklist.

• 1. Open your new and vastly superior bank account! But leave your old one open for the moment.
• 2. Move your salary payments across to the new account, so it'll soon be nice and full.
• 3. Check at least three months' worth of statements for direct debits OR credits on your current bank account. You're looking for:
• • credit cards, paypal account
  • linked savings or term deposits
  • rent, utilities
  • Medicare
  • gyms, subscriptions, weekly cheese clubs
  • friends, family
• 4. Knuckle down, and move them all across to your peachy new bank account - your new bank might help with this, so do ask them. (Simply notify any regular depositors ? such as family and friends ? that you've changed accounts. This will also highlight your financial savviness and make your new account the envy of your peers.)
• 5. Close your old bastard of a transaction account! (Don't stress about any long lost debitors - they won't fail to be in touch when their next charge is knocked back.)

Now sit back and enjoy your banking fabulousness or... sit up and become a little more fabulous still, with Mozo's nifty budget calculator.

And why not give your new bank a rap (or your old transaction account the serve it deserves) at and rate your bank on Mozo.