How Do I Open an Estate Account at Addition Financial?
Addition Financial opens estate accounts for a court-appointed executor or administrator. The account is opened in a branch by appointment. The documents it asks for, what the account costs, and the steps it lists are below.
Opening an estate account at Addition Financial
Where to open it
In a branch by appointment
How it opens
- In a branch
- Available
- Online
- Not available
- By phone
- Not available
- By mail
- Not available
- Appointment
- Required
Documents to bring
- Estate documentation
- Valid, unexpired U.S. government issued photo ID (Driver's License, State ID, or Passport)
Steps at Addition Financial
- 1Book the Estate Account appointment under Special Accounts, a 60-minute branch visit, at additionfi.com/appointment, or call 407-896-9411 or 800-771-9411.
- 2Bring your estate documentation and a valid, unexpired U.S. government issued photo ID to the appointment.
What it costs
Addition Financial does not state the opening deposit, monthly fee, or fee-waiver balance for an estate account.
- Schedule that applies
- Not stated for estate accounts; candidates: Personal Fee Schedule (Effective November 15, 2024), Business Fee Schedule (Effective August 1, 2026)
- Other charges
- Dormant accounts $15.00 per month after 12 months with no financial activity
| Account | To open | Monthly fee | Waiver or condition |
|---|---|---|---|
| Share Savings | $5 | $7.50 | $250 cumulative average daily balance of combined deposit accounts (savings, checking, money market) |
| Benefits Checking | $15.00 | ||
| Classic Checking | $5.00 | ||
| Free Checking, Student Checking and Opportunity Checking | $0 | ||
| Savings Plus and Growth Plus Money Market | $0 | ||
| Business Go, Thrive, Rise, Apex Checking | $100 to $500 | ||
| Business Apex Checking | $30.00 | $40,000 combined avg. daily balances in all account shares | |
| Business Rise | $20.00 | ||
| Business Thrive | $10.00 | ||
| Business Go | $5.00 | $1,000 average daily share balance | |
| Analyzed Checking | $200 | $15 | |
| Business Non-Profit Checking | $25 | $0 | |
| Business Savings | $5 | $5.00 | daily average balance of $250.00 is maintained |
| Business Savings Plus | $0 | ||
| Business Premium Money Market | $0 | ||
| Business Certificate | $1000 | $0 |
What to know at Addition Financial
Addition Financial lists the estate account among its specialty accounts, alongside trust, representative payee, UTMA, VA and guardianship accounts.
Not in Addition Financial's published guidance
- Whether every co-executor must sign or appear
- Whether the estate's EIN is needed before opening
- Whether the deceased must have banked there
- Membership requirements
- Whether an out-of-state executor can open one
- Whether the death certificate must be a certified copy
- Whether the account comes with online banking, checks, a debit card, or mobile deposit
- How the deceased's balances reach the estate account
General information about each bank's published estate-account requirements, not legal or banking advice. Requirements vary by state and account type. Consult the institution for its current requirements. Data verified Sep 17, 2026
No. Addition Financial states an estate account cannot be opened online. It states the account can be opened in a branch by appointment.
Addition Financial asks for: Estate documentation; Valid, unexpired U.S. government issued photo ID (Driver's License, State ID, or Passport).
Addition Financial does not state the opening deposit, monthly fee, or fee-waiver balance for an estate account. Addition Financial's 16 published accounts are listed above with their fees and waivers; the estate account carries the fees of the account it is opened as.
An estate account is a bank account titled to the estate itself — not to the person who died and not to the executor personally. The court-appointed executor or administrator opens it to deposit money owed to the estate (final paychecks, refunds, proceeds from closed accounts), pay the estate's debts and expenses, and distribute what remains. Checks made out to "the Estate of" can only be deposited into an account titled this way.
The estate is its own taxpayer, separate from the person who died. Banks open estate accounts under the estate's Employer Identification Number (EIN) from the IRS, not the deceased's Social Security Number. The free EIN application prepares IRS Form SS-4 for the estate.
Sources
Data sourced from Addition Financial primary sources (10 pages reviewed). How we research.
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Forms for Settling an Estate
Free forms for settling an estate: the probate petition, small estate affidavit, notice to creditors, inventory, and closing forms.
Petition for Probate and Letters
Open probate and ask the court to appoint you and issue Letters Testamentary or Letters of Administration.
Notice to Creditors
Notify estate creditors and start the claim period — the published notice plus mailed copies for known creditors.
Renunciation of Executor
Decline an appointment as executor named in a will — the writing filed with the court before anyone is appointed.
Affidavit of Heirship
Prepare the sworn statement of a deceased person's family history and heirs for recording in the county land records, with your state's recording instructions.
Small Estate Affidavit
Collect a small estate's property without probate — the sworn affidavit presented to banks and other holders, with a presentation letter for each.
Estate Inventory
Prepare the probate inventory of estate property — every asset at its date-of-death value, composed to your state's statute, with the state's filing or delivery instructions.
Tools for Settling an Estate
Free tools for settling an estate: whether probate is needed, executor and trustee pay, creditor deadlines, and inheritance taxes.
How Much Can an Executor Charge?
Calculate how much an executor can charge for administering an estate.
Can I Self-File Probate?
Whether your state lets you open probate yourself, and what it costs with a lawyer and without one.
How Do I Get Appointed as Executor?
See the court, petition, bond, and documents needed to be appointed and receive your Letters.
What Are the Creditor Claim Deadlines?
Find creditor claim deadlines, notice requirements, and payment priority order for your state.
What Happens When an Estate Is Insolvent?
See the order your state pays an insolvent estate's debts and which claims go unpaid.
What Is the Estate's Personal Property Worth for Probate?
Estimate the fair market value of household items for probate and see how it affects fees.
