How to name beneficiaries and fund a trust at Customers Bank
Covers 8 deposit, and 2 lending accounts — beneficiaries must be updated in-branch
Customers Bank, 40 General Warren Blvd, Suite 200, Malvern, PA 19355
Customers Bank, 40 General Warren Blvd, Suite 200, Malvern, PA 19355
Deposit Operations (deposit-account estate claims; no dedicated death-claims unit)
Customers Bank, Attn: Deposit Operations, 40 General Warren Blvd, Suite 200, Malvern, PA 19355
Preparing your Customers Bank accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and aligning account ownership with your broader estate plan. Both approaches bypass probate, but they work differently depending on the account type.
The transfer rules at Customers Bank vary across 10 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
- Full legal name
- Date of birth
- Social Security number
- Relationship to account owner
Special Requirements
- Beneficiaries cannot withdraw funds unless all account owners have died and the beneficiary is then living
- If two or more beneficiaries survive, the bank pays the funds in the account in equal shares to the beneficiaries
- Named beneficiaries override your will for these accounts
- A revocable trust account may be opened without a written trust agreement per Customers Bank consumer disclosures
Sources
Data sourced from Customers Bank primary sources (15 pages reviewed). How we research.
Download these Customers Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Customers Bank primary sources. Bring it to the branch or keep it beside the phone.
Customers Bank, 40 General Warren Blvd, Suite 200, Malvern, PA 19355
Customers Bank, 40 General Warren Blvd, Suite 200, Malvern, PA 19355
Deposit Operations (deposit-account estate claims; no dedicated death-claims unit)
Customers Bank, Attn: Deposit Operations, 40 General Warren Blvd, Suite 200, Malvern, PA 19355
Estate planning articles
Learn how to protect your Customers Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Is this your situation?
Get a complete guide for your specific circumstances.
New Baby or Adoption
Your family is growing. Your protection should too. Guardian nominations, trusts for minors, beneficiary updates, and the documents new parents need in place.
Learn more
Marriage
What married couples need in place: one joint trust or two, wills, beneficiary updates, and the spousal rights your state grants you automatically.
Learn more
New Home
How to put your house in a revocable trust: the deed you record, what it does to your mortgage and property taxes, and when a TOD deed is simpler.
Learn more
Retirement
Retirement changes your financial picture. Healthcare directives, beneficiary reviews, long-term care planning, and protecting what you've built.
Learn moreMore estate planning resources
Explore related tools and documents to complete your estate plan.
How Much Does Probate Cost?
Estimate attorney fees, executor fees, court costs, and timeline for probating an estate in your state. See if the estate qualifies for simplified probate procedures.
Who Inherits Without a Will?
Find out who inherits your estate and how much they get if you die without a will. Based on your state's intestate succession laws.
How Much Are Estate & Inheritance Taxes?
Calculate federal estate tax, state estate tax (12 states + DC), and inheritance tax (5 states) for an estate or trust.
What Does Estate Planning Actually Cost?
See the true cost of estate planning. Compare SimplyTrust, Trust & Will, LegalZoom, and attorneys including life events like marriage, divorce, and having children.
How Much Does a Revocable Living Trust Cost?
Compare the cost of creating a revocable living trust. See how SimplyTrust, Trust & Will, LegalZoom, and attorneys compare over 5 years including life events.
How Much Does a Will Cost?
Compare the cost of creating a will. See document costs plus probate fees your heirs will pay. Compare SimplyTrust, Trust & Will, LegalZoom, and attorneys.
