Managing Blocked Accounts

Help us efficiently process your request to open a new blocked account or release an existing blocked account by providing a few things to get started.

Blocked accounts are court-ordered accounts that are set up because of a settlement or judgment. They are generally used for funds that belong to a minor or incapacitated person.

Opening a Blocked Account

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

• A completed Blocked Account Application
• A certified copy of the court order approving the settlement or judgment (a copy filed with the county court is acceptable if it can be verified on the court website),
• An unsigned Receipt of Funds

Releasing a Blocked Account

To release a blocked account, you will need to provide the following required documents for review:

• A completed Blocked Account Application
• A copy of the court order approving the settlement or judgment

Returning Documents to BECU

You have two ways to submit a Blocked Account Application and supporting documents:

• In person at any BECU location. Note: The deposit of funds may only be completed at either the Everett Financial Center or Tukwila Financial Center locations, or by mail to the address below.
• Mail to:
  
  BECU Account Servicing M/S 1094-2
  P.O. Box 97050
  Seattle, WA 98124-9750

Once we have received your request, a representative may contact you to review the information provided.

Important Information

• Provide the Social Security number (SSN) or Taxpayer Identification number (TIN) for the person who will benefit from the funds deposited in the blocked account.
• A monthly statement is generated for the blocked account. It is mailed in the tax owner's name to the primary address on file.
• Eligible blocked account types: Member share savings, savings, and certificate of deposit (CD).
• Blocked accounts cannot be established immediately because they require a document review before they can be set up.
• Both the person who established the account and the minor/incapacitated person have inquiry access to the account.
• The check for deposit must be accompanied by the unsigned Receipt of Funds.