How Do I Open an Estate Account at First Bank (Alaska)?
First Bank (Alaska) opens estate accounts for a court-appointed executor or administrator. The account is opened in a branch. The documents it asks for, what the account costs, and the steps it lists are below.
Opening an estate account at First Bank (Alaska)
Where to open it
In a branch
How it opens
- In a branch
- Available
Documents to bring
- Court documents authorizing each signer, such as Letters Testamentary or Letters of Administration
- Estate EIN
Steps at First Bank (Alaska)
- 1Get an EIN for the estate.
- 2Open the account at a First Bank branch. Each person who will sign on it brings the court documents that authorize them, such as Letters Testamentary or Letters of Administration.
What it costs
First Bank (Alaska) does not state the opening deposit, monthly fee, or fee-waiver balance for an estate account.
- Schedule that applies
- Not stated. The Service Charge Schedule bound into the Deposit Account Agreement prices services only; account charges are on each product page
- Other charges
- $20.00 to close an account within 120 days of opening; research at $35.00 per hour with a one-hour minimum; statement copies $5.00 each
| Account | To open | Monthly fee | Waiver or condition |
|---|---|---|---|
| Value Checking | $200 | $8 | $2,500 minimum daily balance |
| First Premium Savings | $100 | $4 | $500 minimum daily balance |
| Small Business Checking | $200 | $10 | $2,500 minimum daily balance |
| First Premium Business Savings | $100 | $4 | $500 minimum daily balance |
What to know at First Bank (Alaska)
Each person who signs on a First Bank estate account must be authorized by the court, and the bank names Letters Testamentary and Letters of Administration as examples. The estate needs its own EIN, and accounts are opened at a branch.
Not in First Bank (Alaska)'s published guidance
- Whether it can be opened online, by phone, or by mail
- Whether a branch appointment is needed
- Whether every co-executor must sign or appear
- 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
- 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 Oct 28, 2026
First Bank (Alaska)'s published guidance does not state whether an estate account can be opened online. It states the account can be opened in a branch.
First Bank (Alaska) asks for: Court documents authorizing each signer, such as Letters Testamentary or Letters of Administration; Estate EIN.
First Bank (Alaska) does not state the opening deposit, monthly fee, or fee-waiver balance for an estate account. The estate account carries the fees of whichever of First Bank (Alaska)'s 4 published accounts 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 First Bank (Alaska) primary sources (7 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 Letters Testamentary?
See the court that issues Letters Testamentary or Letters of Administration, the petition, the bond, and the documents to file.
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.
How Do I Claim a Deceased Person's Unclaimed Property?
See where to search for a deceased person's unclaimed property and what each state asks an heir or executor to send.
