Estate planning at Popular Bank

Yes. You can name one trust as a POD beneficiary on your deposit accounts. Provide the full name of the trust as listed in the trust agreement when making the designation. You can name up to 3 individuals or 1 trust per account.

Yes. You can retitle your Popular Bank deposit accounts (checking, savings, money market, CDs) to a revocable living trust. Visit a branch with your Certificate of Trust or trust agreement excerpts and government-issued ID for all trustees. The bank will retitle existing accounts or open new accounts under trust ownership. Allow 1-2 weeks for processing.

No. IRAs cannot be titled to a trust. However, you can name your trust as the beneficiary of your IRA. Consult a tax advisor before doing this, as there are significant tax implications for trust beneficiaries under the SECURE Act distribution rules.

Popular Bank offers four checking accounts: Popular Easy Access Checking (Bank On-certified, no overdraft fees, $3 monthly fee waivable), Popular Everyday Checking ($10 monthly fee waivable, overdraft coverage available), Popular Prestige Checking (interest-bearing, $12 monthly fee waivable, wire fee rebates and ATM reimbursement), and Palladium Checking (exclusive to Private Client members). All require $25 minimum to open.

Popular Bank offers two IRA CD products, each available as Traditional or Roth: the CD IRA ($500 minimum, terms from 3 months to 10 years, no additional deposits until maturity) and the 18-Month Special IRA CD ($100 minimum, allows additional deposits of $100+ during the term). Both auto-renew at maturity.

Yes. Popular Private Client offers trust administration services in all 50 states through National Advisors Trust Company (NATC). Services include estate administration, trust document review, tax return preparation, and charitable gifting strategies. Contact Popular Private Client at 1-888-588-8419 for mainland U.S. trust services or the Puerto Rico Trust Department at 787-724-3657 (option 2).