What happens to your Dave accounts when you die

Dave supports no POD or TOD beneficiary designation on any account type (Checking, Goals or ExtraCash).^{1, 2, 3}

The Coastal deposit agreement, section II.C: "The Dave Checking Account cannot be owned or titled as a joint account, trust account, a Uniform Transfers to Minors (UTMA) account or a Payable On Death (POD) account." The Goals and ExtraCash agreements carry the identical restriction.^{1, 2, 3}

Dave does not offer joint accounts, so there is no joint account with right of survivorship.¹

Each person may open only one individual Dave account.¹

A trust cannot be named as a POD beneficiary, because the agreements bar POD and trust ownership on every Dave account.^{1, 2, 3}

Under the Evolve Bank & Trust agreement (section I.F), Dave lets another person act under a power of attorney on a Dave Checking Account only on a case-by-case basis, on a written request to Dave support.⁴

A Dave account cannot be opened in, or retitled into, the name of a revocable living trust. The Checking, Goals and ExtraCash agreements each prohibit trust, joint, UTMA and POD ownership.^{1, 2, 3}

The Coastal agreement fixes Washington as the governing law and forum: "The Dave Checking Account is opened at the Washington branch office of the Bank."¹