Estate Accounts
- Designed to ease the burden of estate distribution
- Available with savings, checking, certificate, and money market accounts
| Estate (Checking) |
0.05% APR* |
0.05% APY** |
How to Open Your Members Choice Estate Account
Estate Account applications must be transacted via in-person or secure email. Fill out the form below, and we will email you with instructions within one business day. Note: Please use the same name and email you used when setting up your current Members Choice account to ensure you receive the secure email.
1 Letters of administration with a description stating this is granted by the probate court appointing the executor/administrator of the estate
2 Tax Identification Number (also known as an Employer Identification Number) issued by the Internal Revenue Service: Apply by completing form SS-4, Application for Employer Identification Number, available at irs.gov or by calling (800) 829-4933
3 Gather your info, including your government-issued ID and Social Security number
4 Fill out your online application
5 Once your application is approved, fund your account by setting up online transfers via Members Choice Mobile or Online Banking
What Is an Estate Account?
An estate account is used by the executor or court-appointed administrator of an estate to manage a deceased person's assets—to pay debts and distribute money to beneficiaries. It's designed to keep the assets separate from those of the estate administrator.
Where there's a will, there's a way to make your wishes known.