What happens to your Albert accounts when you die

Albert Cash Account

A demand deposit account with a Mastercard debit card, held at Sutton Bank (Ohio-chartered, Member FDIC) or Stride Bank, N.A. under a pooled account, and serviced by Albert Corporation. NO BENEFICIARY DESIGNATION EXISTS. The Albert Cash Account Agreement states the account is owned solely by the customer "in your personal capacity, and not jointly or co-owned, or as trustee or custodian for anyone else," and that "you do not have the ability to designate any beneficiaries, including in the event of your death. This means that if you die the funds in your Account will become part of your estate." The Stride Bank Deposit Account Agreement is equally explicit: "The Account cannot be owned or titled jointly, by an organization, as Payable on Death (POD) or In Trust For (ITF)." So there is no POD form to file and no way to retitle the account to a revocable trust — the balance is an estate asset that a personal representative must claim.

Albert Savings

Automated savings, including High Yield Savings on eligible subscription tiers. Per the disclosures on albert.com, "Albert Savings accounts are held for your benefit at FDIC-insured banks, including Wells Fargo, N.A." — a for-benefit-of arrangement, not an account the customer holds directly at the bank. The same account-titling rules apply as to Albert Cash: single-owner only, no POD or ITF titling, no beneficiary designation, and no trust titling. Savings balances become part of the estate at death.