Estate Accounts

An estate account is established on behalf of the estate of a deceased person by a personal representative who acts on behalf of the estate. The purpose of this type of account is to temporarily hold funds for the named heirs to the estate until the funds can be distributed. Estate accounts are established under the name of the estate.

Opening an Estate Account

To open a new estate account, you will need to provide the following required documents for review: 

• A completed Estate Account Application
• Certified court documents appointing the personal representative of the Estate, such as Letters Testamentary or Letters of Administration (a copy of this certified document is acceptable)
• Certified Death Certificate (a copy of this certified document is acceptable)

Returning Documents to BECU

You have two ways to submit an Estate Account Application and supporting documents:

• In person at any BECU location.
• Mail to:
  
  BECU
  Account Servicing M/S 1094-2
  P.O. Box 97050
  Seattle, WA 98124-9750

Important Information

• BECU does not accept Small Estate Affidavits for the purpose of establishing estate accounts.
• Estate accounts are established using a Taxpayer Identification number (TIN) issued by the IRS, not an individual's Social Security number (SSN).
• Available estate account types: Member Share Savings, Savings, Checking, Money Market, and Certificate of Deposit (CD).
• Online Banking with eStatements and Bill Pay are available.
• Accounts can be set up with a single executor or with multiple coexecutors. If there are multiple coexecutors, the court will have had to grant the authority for the coexecutors to act independently of each other in order to set up an account.
• The account is established under the name of the estate of the person who has passed away. This keeps the account separate from other accounts that the deceased has and is controlled by the personal representative that was appointed by the court.