How Do I Open an Estate Account at First National Bank?
First National Bank 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 National Bank
Account type: Estate Management Account, Estate Management Account with Interest
Where to open it
In a branch
How it opens
- In a branch
- Available
Documents to bring
- Letter of Testamentary, Letter of Administration or Letter of Representation
- Valid certificate of death
- Non-expired ID (driver's license, state-issued ID, Military ID, passport, or Permanent Resident Card and visa)
Steps at First National Bank
- 1Schedule an appointment from FNB's Estate Management Account page, or call a local branch or 1-833-226-5362.
- 2Bring the required documentation to the appointment:
- Letter of Testamentary, Letter of Administration or Letter of Representation
- Valid certificate of death
- Non-expired government-issued photo ID
- 3Order checks and request a debit card during the application; FNB mails the debit card within 7-10 business days.
What it costs
- Opening deposit
- None; no minimum account opening balance
- Monthly fee
- None on the Estate Management Account; $29.00 on the Estate Management Account with Interest
- Fee waived at
- Estate Management Account with Interest: $29.00 fee avoided with a minimum daily balance of $25,000
- Schedule that applies
- Business Fee Schedule (Effective May 1, 2025; Rev. 5/1/25)
- For estate accounts
- FNB names two estate products. Estate Management Account: "No monthly service charge", "No required minimum balance". Estate Management Account with Interest: $29.00 per month, avoided with a minimum daily balance of $25,000.
- Other charges
- Dormant Account Fee $10.00/month after 24 consecutive months of inactivity; Early Account Closing fee if closed within 180 days of opening
| Account | To open | Monthly fee | Waiver or condition |
|---|---|---|---|
| Estate Management Account | None | None | |
| Estate Management Account with Interest | $29.00 | minimum daily balance of $25,000 |
Once it is open
- Online banking
- Available
- Checks
- Available
- Debit card
- Issued
- Mobile deposit
- Accepted
What to know at First National Bank
FNB designs the Estate Management Account for court-appointed representatives or executors of estates, with unlimited check writing and deposits and Telephone Banking access. The account accepts Instant Payment deposits over The Clearing House RTP network and the Federal Reserve FedNow service. An account closed within 180 days of opening draws a $50 Early Account Closing fee.
Not in First National Bank'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 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
- 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 16, 2026
First National Bank'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 National Bank asks for: Letter of Testamentary, Letter of Administration or Letter of Representation; Valid certificate of death; Non-expired ID (driver's license, state-issued ID, Military ID, passport, or Permanent Resident Card and visa).
Opening deposit: None; no minimum account opening balance. Monthly fee: None on the Estate Management Account; $29.00 on the Estate Management Account with Interest. FNB names two estate products. Estate Management Account: "No monthly service charge", "No required minimum balance". Estate Management Account with Interest: $29.00 per month, avoided with a minimum daily balance of $25,000. First National Bank's 2 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 First National Bank primary sources (3 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.
