How to name beneficiaries and fund a trust at Bangor Savings
Covers 11 deposit, 2 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
Phone1-877-226-4671
Mailing Address
Bangor Savings Bank, PO Box 930, Bangor, ME 04402
Administration
Phone Banking
WebsiteLearn more→
Estate Settlement / Branch Services
Phone1-877-226-4671
Mailing Address
Bangor Savings Bank, PO Box 930, Bangor, ME 04402
Verified Apr 2026
Preparing your Bangor Savings accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and, where supported, retitling accounts into a revocable living trust. Both approaches bypass probate, but they work differently depending on the account type.
The transfer rules at Bangor Savings vary across 15 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
Benefit CheckingBenefit Plus CheckingBenefit Promise CheckingBenefit 62 CheckingBenefit SavingsStatement SavingsMarket Rate SavingsBenefit Money MarketCertificate of Deposit (CD)Great Start CDGreat Start Savings
1
Visit any Bangor Savings Bank branch with a valid government-issued photo ID
2
Request to add or update beneficiary designations on your accounts
3
Provide beneficiary information:
- For deposit accounts: request POD (Payable on Death) designation with beneficiary full legal name, date of birth, Social Security number, and relationship
- For IRA accounts: complete the IRA Beneficiary Designation form with primary and contingent beneficiary sections
4
Review and sign the updated account documentation
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Trust beneficiary designations may require a copy of the Certification of Trust
- IRA beneficiary changes for married account holders may require spousal consent depending on state law
Phone1-877-226-4671
Mailing Address
Bangor Savings Bank, PO Box 930, Bangor, ME 04402
Administration
Phone Banking
WebsiteLearn more→
Estate Settlement / Branch Services
Phone1-877-226-4671
Mailing Address
Bangor Savings Bank, PO Box 930, Bangor, ME 04402
Verified Apr 2026
Estate planning articles
Learn how to protect your Bangor Savings accounts and other assets with trusts, beneficiary designations, and estate planning documents.
