How to name beneficiaries and fund a trust at Renasant Bank
Covers 10 deposit, 8 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
Customer Experience Center
Wealth Management Trust Division (corporate trustee, estate administration and executor services)
Customer Experience Center (Renasant has no separate estate or death-claims department; deposit account claims are completed at a branch)
The key to protecting your Renasant 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.
Across 20 product types, Renasant Bank accounts vary in how they transfer at death. The sections below walk through Payable on Death (POD) designations, trust funding options, and which products support each method.
- Bring valid government-issued photo ID
- Request to add or update POD beneficiary designations on your deposit accounts
- Full legal name, date of birth, and Social Security number for each beneficiary
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Under Section 15 of the Deposit Account Agreement, POD funds are paid in EQUAL SHARES to the beneficiaries who are then living. Renasant's POD form does not carry percentage allocations the way a brokerage TOD does -- if you want an unequal split you need a trust, not a POD
- Only a beneficiary who SURVIVES the owner takes. A POD beneficiary who predeceases the owner drops out, and the share is redistributed equally among the survivors -- it does not pass to that beneficiary's children
- A POD beneficiary's interest is worth nothing during the owner's lifetime; the owner can spend the account down to zero or change the designation at any time
- Trusts named as beneficiaries require the full legal trust name, date of trust, and tax identification number
- For IRA accounts, spousal consent may be required in community property states when naming a non-spouse beneficiary
Sources
Data sourced from Renasant Bank primary sources (16 pages reviewed). How we research.
Download these Renasant Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Renasant Bank primary sources. Bring it to the branch or keep it beside the phone.
Customer Experience Center
Wealth Management Trust Division (corporate trustee, estate administration and executor services)
Customer Experience Center (Renasant has no separate estate or death-claims department; deposit account claims are completed at a branch)
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