How to name beneficiaries and fund a trust at Popular Bank
Covers 9 deposit, 2 retirement, 1 investment, and 2 lending accounts — beneficiaries can be managed online
Popular Bank Customer Care Center, P.O. Box 4906, Miami Lakes, FL 33014-8500
Popular Private Client Trust Services
Death Claims / Estate Processing
Banco Popular de Puerto Rico Estate Processing (696), PO Box 362708, San Juan, PR 00936-2708 (Puerto Rico accounts); Popular Bank Customer Care Center, P.O. Box 4906, Miami Lakes, FL 33014-8500 (mainland branch accounts); Popular Bank, Attn: Popular Direct Products, P.O. Box 4884, Miami Lakes, FL 33014 (Popular Direct online savings/CD accounts)
Estate planning for your Popular Bank accounts starts with understanding how each one transfers at death. Beneficiary designations and trust retitling both bypass probate, but the right approach depends on the account type, your tax situation, and how much control you want over distributions.
Popular Bank has 14 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 will require probate if nothing is set up. Each is covered below.
- Send a secure message requesting a POD (Payable on Death) beneficiary designation
- Last 4 digits of account number, beneficiary full legal name, address, date of birth, relationship, and Social Security number
- For trusts as beneficiary: provide the full name of the trust exactly as listed in the trust agreement
- Specify allocation percentages if naming multiple beneficiaries (equal by default)
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Up to 3 individuals or 1 trust as POD beneficiaries per account
- Funds distribute equally by default; a letter of instruction can request different percentages
- Online beneficiary designation is handled via secure message through Popular Online Banking
- Named POD beneficiaries override your will
Sources
Data sourced from Popular Bank primary sources (19 pages reviewed). How we research.
Download these Popular Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Popular Bank primary sources. Bring it to the branch or keep it beside the phone.
Popular Bank Customer Care Center, P.O. Box 4906, Miami Lakes, FL 33014-8500
Popular Private Client Trust Services
Death Claims / Estate Processing
Banco Popular de Puerto Rico Estate Processing (696), PO Box 362708, San Juan, PR 00936-2708 (Puerto Rico accounts); Popular Bank Customer Care Center, P.O. Box 4906, Miami Lakes, FL 33014-8500 (mainland branch accounts); Popular Bank, Attn: Popular Direct Products, P.O. Box 4884, Miami Lakes, FL 33014 (Popular Direct online savings/CD accounts)
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