How to name beneficiaries and fund a trust at TowneBank
Covers 9 deposit, 3 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
Towne Member Care
Phone1-844-638-6714
Mailing Address
TowneBank, 297 Constitution Dr, Virginia Beach, VA 23462
WebsiteLearn more→
Death Claims / Processing Services
Phone1-844-638-6714
Toll-Free1-844-638-6714
Mailing Address
TowneBank, Attn: Processing Services, P.O. Box 2818, Norfolk, VA 23501
Verified Jul 2026
There are two ways to keep your TowneBank accounts out of probate: adding beneficiary designations and retitling eligible accounts into a revocable living trust. Which approach works best depends on the account type and your overall estate plan.
Across 14 product types, TowneBank 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.
Towne Gold CheckingTowne Classic CheckingSenior Partners CheckingHometown Partners CheckingTowne Saver Savings AccountSenior Partners SavingsPersonal Money Market AccountCertificate of Deposit (CD)CDARS (Certificate of Deposit Account Registry Service)
1
Visit any TowneBank branch with identification
- Visit any TowneBank branch location
- Bring a valid government-issued photo ID
2
Complete the beneficiary designation
- Request to add or update POD beneficiary designations on your deposit accounts
- Provide beneficiary information: full legal name, date of birth, Social Security number, and relationship
- For IRA accounts, specify primary and contingent beneficiaries with allocation percentages
3
Finalize and retain records
- Sign the beneficiary designation form
- Retain a copy of the signed form for your records
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Trusts named as beneficiaries require the full legal trust name, date of the trust agreement, and trustee information
- IRA beneficiary changes may require spousal consent in community property states
Sources
Data sourced from TowneBank primary sources (25 pages reviewed). How we research.
Download these TowneBank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against TowneBank primary sources. Bring it to the branch or keep it beside the phone.
Towne Member Care
Phone1-844-638-6714
Mailing Address
TowneBank, 297 Constitution Dr, Virginia Beach, VA 23462
WebsiteLearn more→
Death Claims / Processing Services
Phone1-844-638-6714
Toll-Free1-844-638-6714
Mailing Address
TowneBank, Attn: Processing Services, P.O. Box 2818, Norfolk, VA 23501
Verified Jul 2026
Estate planning articles
Learn how to protect your TowneBank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
