What to do when a F&M Bank Virginia account holder dies
Report the death to F&M Bank Virginia's Customer Service at 1-540-896-8941
After an account holder at F&M Bank Virginia dies, accounts with beneficiary designations or trust ownership transfer to the designated recipients without probate. Solely-owned accounts require the estate's representative to contact F&M Bank Virginia's Customer Service at 1-540-896-8941 with the proper legal authority documents.
The claim process begins with a phone call to 1-540-896-8941. Have the account holder's full name, account numbers, and the death certificate available when making initial contact.
Death claim process
To file a claim after an account holder's death, here is what F&M Bank Virginia requires:
Filing a claim
Required Documents
- Death certificate, for a payable-on-death beneficiaryThe bank asks for an official copy of the owner's death certificate.
- Government-issued ID, for a payable-on-death beneficiaryValid government-issued identification for each living beneficiary.
- Death certificate, for a surviving joint owner removing the deceased owner's name
- Death certificate and court qualification papers, to open an estate accountThe court papers name the executor or administrator.
What happens to each kind of account4
- Account in one name
When the owner of an individual account dies, the funds pass to the owner's estate, unless the account names payable-on-death beneficiaries.1
- Joint account with survivorship
When one owner of a joint account dies, the funds pass to the surviving owners, who may keep the same account. When the last owner dies, the funds go to that owner's estate unless payable-on-death beneficiaries are named.1
- Payable-on-death account
A payable-on-death account is paid to the living beneficiaries after the last owner dies; those funds are not part of the owner's estate.1
- Representative payee account
When the beneficiary of a representative payee account dies, the funds are payable to the beneficiary's estate and the payee's authority ends. When the payee dies, a new payee must be designated.1
Accounts handled elsewhere2
- F&M Wealth (Osaic Institutions)
IRAs, brokerage and insurance products held through Osaic Institutions, which are not bank deposits2
- F&M Bank Credit Card Customer Service
F&M Visa Classic and Visa Gold credit card accounts3
Phone: 1-800-423-7503
What F&M Bank Virginia's agreement and guidance say1
- Powers of attorney
An authorized signer's or agent's authority ends at the death of the owner who granted it; no transactions are authorized after the date of death.1
Not in F&M Bank Virginia's published guidance11
- A procedure for reporting a death
- A department for deceased-customer accounts
- A claim form
- A mailing address for claim documents
- A fax number for claim documents
- An email address for claim documents
- An online way to report a death
- How long a claim takes
- A small-estate procedure
- Terms in its agreements for a customer's death
- Deposit account agreement
Sources3
- 1.Types of Account Ownership, published 2026-04-22
- 2.Welcome to F&M Wealth
- 3.Credit Card
F&M Bank Virginia's Customer Service can be reached by phone at 1-540-896-8941 for questions throughout the claims process.
Sources
(3)·
Data sourced from F&M Bank Virginia primary sources (41 pages reviewed). How we research.
F&M Bank Virginia death claims support
Customer Service
Phone
Website
Estate planning articles
Learn how to protect your F&M Bank Virginia accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Is this your situation?
Get a complete guide for your specific circumstances.
Forms for Settling an Estate
Free forms for settling an estate: probate petition, small estate affidavit, creditor notice and closing forms. Prepare each form for your state.
Affidavit of Death
Put a joint owner's or a transfer on death deed owner's death on the land records with the affidavit your state's statute names, laid out for recording.
IRS Form 56
Notify the IRS that you are the fiduciary of an estate, a trust or a person, or end a notice filed before, on the official form.
Digital Assets Recovery Letter
Prepare a letter requesting a deceased person's online accounts, points, and balances from the program that holds them.
Petition for Probate and Letters
Open probate and ask the court to appoint you and issue Letters Testamentary or Letters of Administration.
Notice to Creditors
Notify estate creditors and start the claim period — the published notice plus mailed copies for known creditors.
Renunciation of Executor
Decline an appointment as executor named in a will — the writing filed with the court before anyone is appointed.
Tools for Settling an Estate
Free tools for settling an estate: whether probate is needed, executor and trustee pay, creditor deadlines and taxes. Run each tool for your state.
How Many Death Certificates Do I Need?
Calculate how many certified death certificates you need and see ordering info for your state.
Do I Need Probate?
Find out if an estate needs probate or qualifies for simplified procedures.
What Happens to Jointly Owned Property When an Owner Dies?
See what your state records when a joint tenant with right of survivorship dies: an affidavit, the death certificate or a new deed.
Do I Have to File Tax Returns for Someone Who Died?
Find out which tax returns need to be filed after someone dies and whether tax clearance is required.
How Do I Settle an Estate?
Personalized plan for settling an estate after someone passes away.
What Do I Do When Someone Dies?
A step-by-step checklist for the days, weeks, and months after a death, with state rules noted where they apply.
