
What happens to your City National Bank of Florida accounts when you die
No beneficiary or trust option on any account, so they pass through the estate
City National Bank of Florida does not currently support beneficiary designations, transfer-on-death registrations, or trust account titling on any account type. All City National Bank of Florida accounts pass through the estate at death and may require probate.
When an account holder dies, the executor or administrator will need to contact City National Bank of Florida with a death certificate and legal authority documents to claim account balances. The process and required documents are covered on the death claim page.
City National Bank of Florida does not currently support beneficiary designations (POD or TOD) on any account type. All accounts transfer through the estate at death and may require probate.
Why trust accounts are not available
City National Bank of Florida does not support retitling accounts into a trust, naming a trust as beneficiary, or any other probate-avoidance mechanism. Account balances transfer through the estate at death.
Regular Checking
Non-interest checking with unlimited check writing and free electronic statements.
Interest Checking
Interest-bearing checking at a variable rate, with a $0.35 charge per check.
Special Checking
Low-balance checking with up to seven checks paid per statement cycle and $0.75 for each check over that.
CNB @ Work Checking
Offered to employees of City National Bank of Florida's commercial clients and to residents of participating homeowners associations that bank with it.
CNB @ School Checking
Offered to students and employees of educational institutions that are commercial clients of the bank.
Select Package
A relationship package that combines checking, savings, money market, certificate and IRA balances to avoid maintenance fees, with free checks, free cashier's checks and preferred CD rates.
Regular Savings
Variable-rate savings; withdrawals and transfers over six per statement cycle cost $5 each.
Youth Savings
Takes the Regular Savings terms when the minor turns 18, or 25 for an account opened under the Florida Uniform Transfers to Minors Act.
Money Market Deposit Account
Variable-rate money market with six withdrawals or transfers per statement cycle and $10 for each one over that. The money market page shows a $1,000 opening minimum; the fee schedule shows $3,500.
Money Market Gold Deposit Account
Tiered-rate money market with four balance tiers starting at $50,000, $100,000 and $250,000.
Certificate of Deposit
Fixed-rate certificates that renew automatically unless the account's disclosure says otherwise. The fee disclosure states the bank honors an early withdrawal without a penalty on the owner's death.
Private Interest Checking
Interest checking for City National Private clients, with complimentary checks, official checks and a small safe deposit box subject to availability.
Private Money Market Deposit Account
A personal money market for City National Private clients with no monthly maintenance fee or minimum balance requirement.
City National Private Wealth Management & Trust Services
Investment management, fiduciary and safekeeping services, with trust and estate planning, trust administration, estate settlement, land trusts and irrevocable life insurance trusts. Investment products are not FDIC insured and may lose value.
Individual Retirement Account (IRA) Certificate of Deposit
A certificate of deposit held in an IRA. The IRA disclosure is available at the banking offices.
Sources
(2)·
Data sourced from City National Bank of Florida primary sources (12 pages reviewed). How we research.
City National Bank of Florida estate support
Wealth Management & Trust Services
Phone
Website
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