How Do I Open an Estate Account at Central Bank?
Central Bank opens estate accounts for a court-appointed executor or administrator. The documents it asks for, what the account costs, and the steps it lists are below.
Opening an estate account at Central Bank
Where to open it
Not published by Central Bank
Documents to bring
- Court orders appointing the executor or administrator
- Name, physical address, date of birth, and a driver's license or other identifying documents
What it costs
Central Bank does not state the opening deposit, monthly fee, or fee-waiver balance for an estate account.
- Other waivers
- None published for estate or fiduciary accounts; World Checking and World Elite Checking waive the maintenance fee for a "Central Trust Company Client"
- Schedule that applies
- Not stated for estate accounts; Common Fees/Fee Schedule-Consumer (Effective Date 04/01/2025)
- Other charges
- Dormant fee $15.00 per monthly cycle; account closed within 90 days of opening $25.00; paper statements $3.00 per statement cycle (Free Checking)
| Account | To open | Monthly fee | Waiver or condition |
|---|---|---|---|
| Free Checking | $50.00 | None | |
| MyChoice Checking | $50.00 | $5.00 | electronic statement AND $2,500.00 minimum daily balance; or $25,000.00 average daily balance in all deposit accounts |
| MaxMoney Checking | $50.00 | $9.95 MaxMoney Benefits fee | |
| Preferred Interest Checking | $50.00 | $10.00 | $5,000.00 minimum daily balance or the $25,000.00 aggregate |
| World Checking | $50.00 | $20.00 | $15,000.00 average daily balance, a $250,000.00 aggregate, or a Central Trust Company Client |
| World Elite Checking | $50.00 | $20.00 | $50,000.00 average daily balance; otherwise identical to World Checking |
| Equity Access Checking | No minimum | None | |
| Savings Access Checking | No minimum | None |
What to know at Central Bank
Central Bank's deposit account terms let executors, administrators and conservators open and maintain an account under court orders, and the bank takes no duty to monitor or enforce the terms of the letters. Its online account signup lists only personal products, with no estate or fiduciary option.
Not in Central Bank's published guidance
- Whether a branch appointment is needed
- Whether every co-executor must sign or appear
- Whether the estate's EIN is needed before opening
- Whether the deceased must have banked there
- Whether an out-of-state executor can open one
- Whether the death certificate must be a certified copy
- What proof of the EIN it accepts
- 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
Central Bank's published guidance does not state whether an estate account can be opened online.
Central Bank asks for: Court orders appointing the executor or administrator; Name, physical address, date of birth, and a driver's license or other identifying documents.
Central Bank does not state the opening deposit, monthly fee, or fee-waiver balance for an estate account. Central Bank's 8 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 Central Bank primary sources (4 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.
