How to name beneficiaries and fund a trust at MVB Bank
Beneficiaries are managed in branch or by phone. Trust paperwork is taken in branch or by phone
The key to protecting your MVB Bank accounts is making sure each one has a transfer mechanism in place—either a beneficiary designation or trust ownership. Without one, the account goes through probate, adding time, cost, and court involvement for your family.
MVB Bank has 13 product types, and the estate transfer rules differ across them. Some support Payable on Death (POD) designations, some can be retitled into a trust, and others pass through the estate if nothing is set up. Each is covered below.
- Full legal name
- Date of birth
- Social Security number
- Relationship to the account owner
Required Documents
- Beneficiary's full legal name
- Beneficiary's date of birth
- Beneficiary's Social Security number
- Beneficiary's relationship to the account owner
- Government-issued photo ID (at a banking center)
- Government-issued photo ID for every trustee
- The full trust agreement or a Certificate of Trust
- The trust tax identification number (EIN or SSN)
Required Documents
- Trust agreement or Certificate of Trust
- Government-issued photo ID (for every trustee)
- Trust tax identification number. An EIN or SSN
- Full legal name
- Date of birth
- Social Security number
- Relationship to the account owner
Required Documents
- Beneficiary's full legal name
- Beneficiary's date of birth
- Beneficiary's Social Security number
- Beneficiary's relationship to the account owner
- Government-issued photo ID (at a banking center)
What MVB Bank says about beneficiaries and trusts
Each section is MVB Bank's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary2
Who can be named1
- A trust, IRAs
A trust may be named as the beneficiary of an IRA.2
What a designation takes to be effective
- All accounts
For a joint account, all account owners sign the designation form.1
Which accounts a trust can hold2
What MVB Bank says about trust accounts1
- Whether a new account is opened
Every MVB deposit product page routes account opening to a banking center, ending with "stop by any of our Banking Centers." MVB has no online account opening.4
Not in MVB Bank's published guidance9
- A beneficiary designation form
- A beneficiary form to download
- An online way to name a beneficiary
- Payable-on-death procedure
- Deposit account agreement
- Remote completion path for a designation
- A trust account form
- Trust account document checklist
- Acceptance of a Certificate of Trust
Sources4
- 1.Contact us
- 2.Locations and hours
- 3.Certificate of deposit disclosure
- 4.Deposit product pages
Sources
Data sourced from MVB Bank primary sources (15 pages reviewed). How we research.
Download these MVB Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against MVB Bank primary sources. Bring it to the branch or keep it beside the phone.
MVB Bank estate support
MVB Bank Account Support (Client Support)
Phone
Toll-free
Credit Karma Money Spend and Save accounts
Lost or stolen MVB debit cards
Lost or stolen MVB credit cards
Hours
Mailing address
Website
Estate requests go through general customer service.
Estate planning articles
Learn how to protect your MVB Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Is this your situation?
Get a complete guide for your specific circumstances.
New Baby or Adoption
Your family is growing. Your protection should too. Guardian nominations, trusts for minors, beneficiary updates, and the documents new parents need in place.
Learn more
Marriage
What married couples need in place: one joint trust or two, wills, beneficiary updates, and the spousal rights your state grants you automatically.
Learn more
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.
Learn more
Retirement
Retirement changes your financial picture. Healthcare directives, beneficiary reviews, long-term care planning, and protecting what you've built.
Learn moreForms for Planning Your Estate
Free forms for planning your estate: a will, living trust, pour-over will, both powers of attorney, living will, and TOD deed.
Revocable Living Trust
Create a revocable living trust to avoid probate, protect privacy, and control asset distribution.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Transfer on Death Deed
Transfer real property to a beneficiary upon your death without probate. Available in 34 states and the District of Columbia.
Tools for Planning Your Estate
Free tools for planning your estate: what a will or trust costs, whether you need a trust or TOD deed, and how documents are signed.
How Much Does a Revocable Living Trust Cost?
Compare revocable living trust costs across providers including online services and attorneys.
How Does SimplyTrust Compare to LegalZoom, Trust & Will, and Other Services?
Compare what it costs to make a trust official across SimplyTrust, LegalZoom, Trust & Will, Rocket Lawyer, and Quicken WillMaker.
Do I Need a Revocable Trust?
Find out if a revocable trust makes sense based on your state, estate value, and family situation.
Trust or Will: Which Costs Less?
Compare the cost of probate vs a trust for your state and estate value.
What Does Estate Planning Actually Cost?
Compare costs across estate planning providers including online services and attorneys.
How Much Life Insurance Do I Need?
Calculate your life insurance needs based on income, debts, and family situation.
