How to name beneficiaries and fund a trust at IBC Bank
Covers 10 deposit, 3 retirement, and 3 lending accounts — beneficiaries must be updated in-branch
Online Banking Support
1200 San Bernardo Ave, Laredo, TX 78042-1359
IBC Investment Services (Estate Planning)
1200 San Bernardo Ave, Laredo, TX 78042-1359
Estate/death claims are handled at the account's home branch (no central estate unit)
Written notice of death / termination of agent authority: Dennis E. Nixon, President, International Bancshares Corporation, P.O. Drawer 1359, Laredo, TX 78042-1359 (address named in the IBC Deposit Account Agreement)
Preparing your IBC Bank accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and, where supported, retitling accounts into a revocable living trust. Both approaches bypass probate, but they work differently depending on the account type.
With 16 product types, IBC Bank offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
- Full legal name
- Date of birth
- Social Security number
- Relationship to account holder
- Percentage allocation if naming multiple beneficiaries
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- IBC publishes no downloadable beneficiary or POD form and no online beneficiary screen — every designation is signed at a branch on IBC paperwork. Locate a branch at https://www.ibc.com/locations
- Beneficiary does not need to be present
- Named POD beneficiaries override your will for covered accounts
- IBC's published Schedule of Fees and Charges (https://www.ibc.com/online-banking/schedule-of-fees-and-charges) lists a "Signature card update" charge of $15.00 per account. Ask the branch whether your beneficiary change is processed as a signature card update before you sign
Sources
Data sourced from IBC Bank primary sources (32 pages reviewed). How we research.
Download these IBC Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against IBC Bank primary sources. Bring it to the branch or keep it beside the phone.
Online Banking Support
1200 San Bernardo Ave, Laredo, TX 78042-1359
IBC Investment Services (Estate Planning)
1200 San Bernardo Ave, Laredo, TX 78042-1359
Estate/death claims are handled at the account's home branch (no central estate unit)
Written notice of death / termination of agent authority: Dennis E. Nixon, President, International Bancshares Corporation, P.O. Drawer 1359, Laredo, TX 78042-1359 (address named in the IBC Deposit Account Agreement)
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