bank buy out: Rabobank / Mechanics Bank

Unknown

My bank Rabobank was bought by Mechanics bank; how do I change the bank but not the account? It's the same bank account.

Frankx

Hi @jujesw,

Basically you can treat it as a name change.  According to the bank's website, account numbers and routing numbers will not change for Rabobank customers and access on the web, etc. will not change.  In Quicken, you can just change the name of the Financial Institution.

Frankx

NotACPA

" In Quicken, you can just change the name of the Financial Institution."

IF the account is set up for download, you can't change the FI Name without disconnecting from download.

The step-by-step instructions change the ACCOUNT name, not the FI name.

Frankx

Hi @jujesw,

Basically you can treat it as a name change.  According to the bank's website, account numbers and routing numbers will not change for Rabobank customers and access on the web, etc. will not change.  In Quicken, you can just change the name of the Financial Institution.

Frankx

Unknown

thanks! I couldn't find where to do that...?

Frankx

Okay - do this:

1) Open the bank account in Quicken;
2) Click on the little "Gear Icon" in the upper right of the screen;
3) Select "Edit account details" from the drop down menu;
4) Click in the "Account Name" filed and change the name to "Mechanics Bank"
5) Click "OK"

That's it!

Frankx

NotACPA

" In Quicken, you can just change the name of the Financial Institution."

IF the account is set up for download, you can't change the FI Name without disconnecting from download.

The step-by-step instructions change the ACCOUNT name, not the FI name.

Unknown

Hi again,

There is a new user name and password to get into the Mechanics Bank account, and Quicken is not recognizing them; I called Mechanics Bank and they said that there's no reason on their end. I have been able to log in on another computer using the new UN and PW...?

Thanks,
Julie

NotACPA

It sounds like you need to deactivate the account, in Q, from downloading, delete the old bank name, exit & restart Q, and re-activate the account(s) for download.

When re-activating, be SURE to select LINK (to connect the bank to your Q accounts) rather than ADD.