How to designate beneficiaries at Trumark
Beneficiaries are managed in branch
Preparing your Trumark accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Trumark is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts with Payable on Death designations or trust ownership bypass probate entirely.
The transfer rules at Trumark vary across 26 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
No beneficiary form at Trumark
Beneficiaries are named in branch.
- Trumark opens its specialty savings accounts, including the tentative trust account, in person at a branch; 1-877-878-6275 assists
- Branch list: Trumark locations
- The owner names the beneficiary
- Call the Member Service Center at 215-953-5353 or 1-877-878-6275, or visit a branch
Beneficiary designation is not available for investment accounts at Trumark.
- Trumark opens its specialty savings accounts, including the tentative trust account, in person at a branch; 1-877-878-6275 assists
- Branch list: Trumark locations
- The owner names the beneficiary
- Trumark opens its specialty savings accounts, including the tentative trust account, in person at a branch; 1-877-878-6275 assists
- Branch list: Trumark locations
- The owner names the beneficiary
What Trumark says about beneficiaries and trusts
Each section is Trumark's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary1
- Payable-on-death account
The tentative trust account on the specialty savings page names a beneficiary. It does not place the account under a trust document.1
How many beneficiaries, and how shares are split
- All accounts
Two or more surviving beneficiaries own the account in equal shares, without right of survivorship.2
What Trumark's agreement says about beneficiaries3
- What the owner keeps while living
The owner keeps full access to and control of the account during life.1
Beneficiaries cannot withdraw unless all persons creating the account die and the beneficiary is then living.2
- Changing or revoking a designation
The persons creating the account may change beneficiaries, change account types, and withdraw all or part of the funds at any time.2
- The institution's right to refuse a designation or an account title
The Membership and Account Agreement reserves the right to refuse some forms of ownership and beneficiary designations on any or all accounts.2
What Trumark says about trust accounts2
- Whether a new account is opened
The Membership and Account Agreement allows an account to be opened and maintained by a person or persons named as a trustee under a written trust agreement.2
- Who signs for the trust
Under the agreement's Fiduciary Accounts clause, Trumark is not responsible for the actions of a fiduciary, including the misuse of funds.2
By merely opening such an account, Trumark is not acting as a trustee and does not undertake any obligation to monitor or enforce the terms of the trust.2
Not in Trumark's published guidance5
- What the owner provides to name a beneficiary
- A beneficiary designation form
- Mail or phone beneficiary procedure
- A procedure for holding an account in a trust
- Which trust documents it accepts
Sources
Data sourced from Trumark primary sources (28 pages reviewed). How we research.
Download these Trumark instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Trumark primary sources. Bring it to the branch or keep it beside the phone.
Trumark estate support
Member Service Center / Digital Branch
Phone
Toll-free
Digital Branch text chat
Visa Support
Hours
Mailing address
Website
Estate requests go through general customer service.
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