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OverviewPreparing your estateWhen someone dies
OverviewPreparing your estateWhen someone dies
SimplyTrust forms
Letter of Instruction
Home→Financial Institutions→Discover→Preparing your estate

How to name beneficiaries and fund a trust at Discover

Covers 4 deposit, and 2 retirement accounts — beneficiaries can be managed online

Brand change

Discover Bank merged into Capital One, N.A. on May 18, 2025 and now operates as Discover, a division of Capital One, N.A. Existing Discover deposit accounts continue to be serviced under the Discover brand and are winding down: no new Discover-branded deposit accounts are opened as of January 2026, savings accounts are transitioning to Capital One 360 Performance Savings, and full consolidation is expected around 2027-2028. Discover-branded account estate claims are handled by the Discover Beneficiary Care Team; any Capital One product held by the same decedent is settled separately by Capital One's Estates Servicing Team. Effective May 2025.

Discover is now part of Capital One. The procedures below reflect Discover's accounts during the transition. View the Capital One estate planning page.

Discover

Subsidiary of Capital One Financial Corporation (merged May 2025)

discover.com→
Discover logo
Phone1-800-347-7000
Mailing Address

Discover, PO Box 30416, Salt Lake City, UT 84130-0416

Trust Account Setup
1-866-515-5283
Online Banking Technical Support
1-800-290-9885
International
1-801-451-3737
TTY/TDD
1-800-347-7454
WebsiteLearn more→

Trust Account Setup / Documentation Specialists

Phone1-866-515-5283
Fax1-224-813-5189
WebsiteLearn more→

Beneficiary Care Team

Phone1-800-975-0162
Toll-Free1-800-975-0162
Fax1-224-813-5244
Mailing Address

Discover, PO Box 30394, Salt Lake City, UT 84130-0394

Capital One Estates Servicing Team (for linked Capital One products)
1-877-357-5659
WebsiteNotify online→
Verified Jul 2026

Estate planning for your Discover accounts starts with understanding how each one transfers at death. Beneficiary designations and trust retitling both bypass probate, but the right approach depends on the account type, your tax situation, and how much control you want over distributions.

Discover offers 6 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.

Online Savings AccountCashback Debit CheckingMoney Market AccountCertificate of Deposit (CD)
1
Log in to your Discover account at bank.discover.com
2
Navigate to the Manage Beneficiaries section
3
Add or update beneficiaries for deposit accounts:
  • Add primary and contingent beneficiaries
  • Provide each beneficiary's full legal name, date of birth, and Social Security number
  • For trusts as beneficiary: provide trust name, date established, and EIN
4
Save changes; confirmation displays immediately
Online Portal→

Required Documents

  • Trust name, date established, and tax ID (EIN or SSN)

Special Requirements

  • Discover Bank requires a valid SSN for each beneficiary added online
  • Primary and contingent beneficiaries allowed
SimplyTrustSimplyTrust Editorial·Updated July 12, 2026

Sources

  • discover.com

Data sourced from Discover primary sources (20 pages reviewed). How we research.

Download these Discover instructions

Download instructions for the whole estate→

A printable PDF with the steps, required documents, and contact details — verified against Discover primary sources. Bring it to the branch or keep it beside the phone.

Discover

Subsidiary of Capital One Financial Corporation (merged May 2025)

discover.com→
Discover logo
Phone1-800-347-7000
Mailing Address

Discover, PO Box 30416, Salt Lake City, UT 84130-0416

Trust Account Setup
1-866-515-5283
Online Banking Technical Support
1-800-290-9885
International
1-801-451-3737
TTY/TDD
1-800-347-7454
WebsiteLearn more→

Trust Account Setup / Documentation Specialists

Phone1-866-515-5283
Fax1-224-813-5189
WebsiteLearn more→

Beneficiary Care Team

Phone1-800-975-0162
Toll-Free1-800-975-0162
Fax1-224-813-5244
Mailing Address

Discover, PO Box 30394, Salt Lake City, UT 84130-0394

Capital One Estates Servicing Team (for linked Capital One products)
1-877-357-5659
WebsiteNotify online→
Verified Jul 2026

Estate planning articles

Learn how to protect your Discover accounts and other assets with trusts, beneficiary designations, and estate planning documents.

When you're ready, we're here.

A revocable living trust skips probate, stays private, and takes 15 minutes.

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Estate planning articles

Learn how to protect your Discover accounts and other assets with trusts, beneficiary designations, and estate planning documents.

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New Baby or Adoption

New Baby or Adoption

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Marriage

Marriage

What married couples need in place: one joint trust or two, wills, beneficiary updates, and the spousal rights your state grants you automatically.

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New Home

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.

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Retirement

Retirement

Retirement changes your financial picture. Healthcare directives, beneficiary reviews, long-term care planning, and protecting what you've built.

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