How to name beneficiaries and fund a trust at First Interstate
Covers 8 deposit, 2 retirement, and 3 lending accounts — beneficiaries can be managed online
Client Contact Center
First Interstate Bank, 401 N 31st St, Billings, MT 59101
Death Claims (handled via Client Contact Center)
First Interstate Bank, 401 N 31st St, Billings, MT 59101
There are two ways to keep your First Interstate accounts out of probate: adding beneficiary designations and retitling eligible accounts into a revocable living trust. Which approach works best depends on the account type and your overall estate plan.
Across 13 product types, First Interstate accounts vary in how they transfer at death. The sections below walk through Payable on Death (POD) designations, trust funding options, and which products support each method.
- Full legal name, date of birth, and Social Security number
- Primary and contingent beneficiary allocations with percentages
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Trust beneficiary designations may require visiting a branch or contacting the Client Contact Center
- IRA beneficiary designations may require completion of a separate beneficiary form
- Changes to beneficiary designations on trust accounts may require updated trust documentation
- If an Individual account has no Beneficiary Designation, it is a Single-Party Account; with a POD designation, it becomes a Single-Party Account with POD
- A Joint account with no beneficiary is a Multi-Party Account with Right of Survivorship; adding a POD beneficiary makes it a Multi-Party Account with Right of Survivorship and POD, and the POD beneficiaries take only after every owner has died
- A Multi-Party Account WITHOUT Right of Survivorship is not offered as an online designation -- it has to be set up with a banker (Beneficiary Designation disclosure)
- Per the Terms and Conditions, a POD beneficiary cannot withdraw unless (1) all persons who created the account have died and (2) that beneficiary is then living; multiple surviving beneficiaries take the account in equal shares with right of survivorship
Sources
Data sourced from First Interstate primary sources (26 pages reviewed). How we research.
Download these First Interstate instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against First Interstate primary sources. Bring it to the branch or keep it beside the phone.
Client Contact Center
First Interstate Bank, 401 N 31st St, Billings, MT 59101
Death Claims (handled via Client Contact Center)
First Interstate Bank, 401 N 31st St, Billings, MT 59101
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