How to name beneficiaries and fund a trust at Grow Financial
Covers 10 deposit, 4 retirement, and 1 investment accounts — beneficiaries must be updated in-branch
Phone1-800-839-6328
Fax1-813-832-2080
Mailing Address
P.O. Box 89909, Tampa, FL 33689-0415
WebsiteLearn more →
Phone1-800-839-6328
Fax1-813-832-2080
Mailing Address
P.O. Box 89909, Tampa, FL 33689-0415
WebsiteLearn more →
Death Claims
Phone1-800-839-6328
Toll-Free1-800-839-6328
Fax(813) 832-2088
Mailing Address
Grow Financial FCU, P.O. Box 89909, Tampa, FL 33689-0415
Verified Mar 2026
Preparing your Grow Financial accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Grow Financial is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts with Payable on Death designations or trust ownership bypass probate entirely.
Grow Financial offers 15 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.
CashBack CheckingCheckless CheckingBasic SavingsGet Fit AccountClub AccountMoney Market AccountCertificate AccountCoverdell Education Savings AccountHealth Savings Account (HSA)Bugg Club (Youth Savings)
1Visit a Grow Financial store location
2Bring government-issued photo ID
3Request to add or update POD (Payable on Death) beneficiary designation
4Provide beneficiary information: full legal name, date of birth, Social Security number, and relationship
5Specify primary and contingent beneficiaries with percentage allocation
6Review and sign the beneficiary designation form
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD designations available for deposit accounts (checking, savings, CDs, money market)
- Per the Universal Account Agreement, all accounts are considered revocable trust accounts with POD designations
- Beneficiaries receive funds as of date of death of the last surviving owner
- Dividends accrued after death may be reversed before payout to beneficiaries
- If all POD beneficiaries predecease the owner(s), funds are paid to the estate of the last surviving owner
- IRA and HSA accounts have separate beneficiary designation processes
- Investment accounts through LPL Financial have their own beneficiary process; contact your LPL advisor
Phone1-800-839-6328
Fax1-813-832-2080
Mailing Address
P.O. Box 89909, Tampa, FL 33689-0415
WebsiteLearn more →
Phone1-800-839-6328
Fax1-813-832-2080
Mailing Address
P.O. Box 89909, Tampa, FL 33689-0415
WebsiteLearn more →
Death Claims
Phone1-800-839-6328
Toll-Free1-800-839-6328
Fax(813) 832-2088
Mailing Address
Grow Financial FCU, P.O. Box 89909, Tampa, FL 33689-0415
Verified Mar 2026
Estate planning documents for Grow Financial customers
Free documents designed to protect your Grow Financial accounts.