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→
Bangor Wealth Management (Trust & Estate Services)
Phone1-800-585-6145
Emailwealth@bangor.com
Fax207-774-6145
Mailing Address
Bangor Savings Bank, Attn: Wealth Management, PO Box 930, Bangor, ME 04402
Trust & Estate Planning page line
WebsiteLearn more→
Customer Support / Branch Services (no dedicated estate claims unit)
Phone1-877-226-4671
Mailing Address
Bangor Savings Bank, PO Box 930, Bangor, ME 04402
Wealth Management (trust and estate accounts)
Debit card after hours (report a card for a deceased owner)
everblue credit card support
WebsiteNotify online→
Verified Jul 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.
Bangor Savings has 15 product types, and the estate transfer rules differ across them. Some support Payable on Death (POD) designations, some can be retitled into a trust, and others will require probate if nothing is set up. Each is covered below.
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
- POD/ITF designation is made on the account signature card/form -- the deposit account agreement provides that the bank relies on the ownership and beneficiary designation shown on that signature card/form for all purposes relating to the account
- POD and ITF designations are not available on Maine ABLE Benefit Checking or on any fiduciary account
- The bank makes no representation that a POD or ITF designation is appropriate for your situation, and has no obligation to notify a beneficiary that the account exists or that an interest has vested -- tell your beneficiaries yourself
- Bangor Savings Bank does not offer online beneficiary self-service; designations are made in branch, by phone-requested form, or by mail
- 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
Sources
Data sourced from Bangor Savings primary sources (19 pages reviewed). How we research.
Download these Bangor Savings instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Bangor Savings primary sources. Bring it to the branch or keep it beside the phone.
Phone1-877-226-4671
Mailing Address
Bangor Savings Bank, PO Box 930, Bangor, ME 04402
Administration
Phone Banking
WebsiteLearn more→
Bangor Wealth Management (Trust & Estate Services)
Phone1-800-585-6145
Emailwealth@bangor.com
Fax207-774-6145
Mailing Address
Bangor Savings Bank, Attn: Wealth Management, PO Box 930, Bangor, ME 04402
Trust & Estate Planning page line
WebsiteLearn more→
Customer Support / Branch Services (no dedicated estate claims unit)
Phone1-877-226-4671
Mailing Address
Bangor Savings Bank, PO Box 930, Bangor, ME 04402
Wealth Management (trust and estate accounts)
Debit card after hours (report a card for a deceased owner)
everblue credit card support
WebsiteNotify online→
Verified Jul 2026
Estate planning articles
Learn how to protect your Bangor Savings accounts and other assets with trusts, beneficiary designations, and estate planning documents.
