How to name beneficiaries and fund a trust at Sallie Mae Bank
Covers 4 deposit accounts — beneficiaries can be managed online
Phone1-877-346-2756
Mailing Address
Sallie Mae Bank, Bank Operations, 175 S West Temple, Ste. 600, Salt Lake City, UT 84101
WebsiteLearn more→
Phone1-877-346-2756
Mailing Address
Sallie Mae Bank, Bank Operations, 175 S West Temple, Ste. 600, Salt Lake City, UT 84101
WebsiteLearn more→
Death Claims / Savings Support
Phone1-877-346-2756
Mailing Address
Sallie Mae Bank, Bank Operations, 175 S West Temple, Ste. 600, Salt Lake City, UT 84101
Verified Jul 2026
The key to protecting your Sallie Mae 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.
Each of Sallie Mae Bank's 4 accounts has different rules for how it transfers at death. The sections below explain the options for each.
High-Yield Savings AccountMoney Market AccountCertificate of DepositSmartyPig Account
1
Log in and navigate to the account:
- Log in to your Sallie Mae Bank account at salliemae.com
- Navigate to the account summary page for the account you wish to update
2
Add or update beneficiaries:
- Select the option to add or update beneficiaries
- Enter beneficiary name, relationship, date of birth, and Social Security number
- Save changes; removing all beneficiaries removes the POD designation
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Funds in POD accounts are FDIC-insured up to $250,000 for each qualified beneficiary
- Deleting all beneficiaries will remove the Payable on Death designation from the account
- POD beneficiaries receive equal shares of account funds upon the owner's death
Sources
Data sourced from Sallie Mae Bank primary sources (10 pages reviewed). How we research.
Download these Sallie Mae Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Sallie Mae Bank primary sources. Bring it to the branch or keep it beside the phone.
Phone1-877-346-2756
Mailing Address
Sallie Mae Bank, Bank Operations, 175 S West Temple, Ste. 600, Salt Lake City, UT 84101
WebsiteLearn more→
Phone1-877-346-2756
Mailing Address
Sallie Mae Bank, Bank Operations, 175 S West Temple, Ste. 600, Salt Lake City, UT 84101
WebsiteLearn more→
Death Claims / Savings Support
Phone1-877-346-2756
Mailing Address
Sallie Mae Bank, Bank Operations, 175 S West Temple, Ste. 600, Salt Lake City, UT 84101
Verified Jul 2026
Estate planning articles
Learn how to protect your Sallie Mae Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
