Estate planning options at Credit One Bank
Preparing your Credit One Bank 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 Credit One Bank vary across 5 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
Contact Credit One Bank directly for information about adding or updating beneficiary designations on your accounts.
Why trust accounts are not available
Credit One Bank does not currently support retitling accounts into a trust. The alternative is to name a trust as the Transfer on Death beneficiary, which provides similar probate-avoidance benefits while keeping the account in the individual's name.
Jumbo Certificate of Deposit
Bump-Up Certificate of Deposit
A Jumbo CD variant that allows a one-time rate increase during the term. For estate purposes it behaves like the Jumbo CD: single, joint (joint tenants with right of survivorship) or payable-on-death ownership, a trust allowed as beneficiary but not as owner, and the survivor or estate contacting Credit One to have the deceased owner removed. The account defaults to auto-renewal at maturity into a standard Jumbo Certificate of Deposit at the same term, with a 10-day grace period from the maturity date in which to renew, change the term, add funds, or close and withdraw — a deadline worth watching while an estate is open.
Jumbo High Yield Savings
An online-only variable-rate savings account, funded and withdrawn by ACH transfer to a linked external account; Credit One accepts no cash or checks and no deposits at any office location. The Deposit Agreement's account-ownership section — individual, joint with right of survivorship, or payable on death — governs the accounts it describes, though Credit One's published ownership FAQ names the Jumbo Certificate of Deposit explicitly, so confirm the savings account's exact registration with the deposits line at 1-877-628-1610 before assuming a POD is in place. A trust may be a beneficiary but not an owner. On the account holder's death the survivor or estate contacts Credit One to request removal of the deceased account holder, and additional documentation may be required.
Sources
Data sourced from Credit One Bank primary sources (15 pages reviewed). How we research.
Credit One Bank estate support
Credit One Bank Customer Service
Phone
Outside the U.S.
Deposit accounts (CD and savings)
Request Application Information
Mailing address
Website
Estate requests go through general customer service.
Estate planning articles
Learn how to protect your Credit One Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
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Learn moreForms for Planning Your Estate
Free forms for planning your estate: a will, living trust, pour-over will, both powers of attorney, living will, and TOD deed.
Revocable Living Trust
Create a revocable living trust to avoid probate, protect privacy, and control asset distribution.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Transfer on Death Deed
Transfer real property to a beneficiary upon your death without probate. Available in 34 states and the District of Columbia.
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