BankSwitcher.com - Switch Freely

Banks are menacing creatures, ask anyone in Montana. There’s hidden fees, inept tellers, limits, rules and miles and miles of red tape. Like any industry, banks are not too big to fail. They may get a little extra government help when push comes to shove, but the tarnished mark of a bad bank will make anyone want to take their money elsewhere. It’s not always that easy though. BankSwitcher can help in this respect. A new site (beta-new), BankSwitcher will find out what needs to be done to switch out your funds. Once you provide them with the appropriate bank activity info, BankSwitcher will find all of your automatic payments and deposits. Then you can choose which billers you want to include in your new account. BankSwitcher will provide you with a handy list of instructions to switch these billers. Print it and your on your way. It’s free and fully encrypted.

“* Analyzing your banking activity to find transactions that you'll need to switch (i.e., Direct Deposits, automatic payments). How?
* Compiling instructions and forms to switch those transactions to a new bank — using our directory of over 1500 Billers and Depositors.
* Creating your personal Switching Checklist (PDF format) that you can print and use when you find a better bank.”

BankSwitcher will certainly take part of the pain out in switching banks. It’s easy to use and works rather efficiently. It’ll save you some time and you don’t have to pay a dime for it?

Is it really safe? Will users be wary of having BankSwitcher access their banking details simply for a set of instructions? Does it make sense to use BankSwitcher versus, a phone call or a little diligence?