What to do when a Addition Financial account holder dies

Visit any Addition Financial branch with government-issued photo ID or call 407-896-9411 (800-771-9411). You can add Payable on Death (POD) beneficiaries to deposit accounts including checking, savings, money market, and share certificates. Provide the beneficiary's full name, date of birth, Social Security number, and relationship, along with percentage allocations for multiple beneficiaries. The Membership Account Application (Account Card) form is available at additionfi.com/forms.

For accounts with a POD (Payable on Death) designation, funds pass directly to the named beneficiaries outside of probate. For joint accounts with right of survivorship, the surviving owner retains full access. For accounts without a beneficiary or surviving joint owner, funds become part of the estate and go through probate. A certified death certificate with a raised seal is required to begin the settlement process. Contact Addition Financial at 407-896-9411 or 800-771-9411, or visit any branch.

A certified copy of the death certificate with the raised seal is required to begin the settlement process. If a POD beneficiary exists, the beneficiary needs government-issued ID. If the account goes through probate, Letters Testamentary or Letters of Administration from a Florida probate court are required. A Small Estate Affidavit may be accepted for qualifying estates under Florida law.

Yes. Addition Financial offers a Health Savings Account (HSA) for savings with dividends paid on daily balances of $50 or more, as well as a Health Savings Account Checking for managing qualified medical expenses with no monthly service fee. Both require a qualifying high-deductible health plan. You cannot be enrolled in Medicare or claimed as a dependent on another tax return.