How Do I Open an Estate Account at Greylock FCU?
Greylock FCU 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 Greylock FCU
Where to open it
In a branch
How it opens
- In a branch
- Available
Documents to bring
- Copy of the documentation addressing the fiduciary purpose
- Government-issued photo ID for the fiduciary, plus proof of authority to act as fiduciary
- Estate EIN, or the SSN or EIN certified for the fiduciary purpose
- $5 share deposit to open a Primary Share account, if the fiduciary is not already a member
Steps at Greylock FCU
- 1Confirm you qualify for Greylock membership at membercheck.greylock.org.
- 2Visit a Greylock branch and request an account for a fiduciary purpose under Provision 4.i of the Member Service Agreement.
- 3Bring the documentation of the fiduciary purpose, your photo ID and proof of authority to act as fiduciary, and the estate EIN.
- 4If you are not already a member, deposit at least $5 to open a Primary Share account, or $20 when opening a Primary Share and a Checking account together.
- 5Notify Greylock of any change to the fiduciary purpose that affects the account.
What it costs
- Opening deposit
- $5 Primary Share membership deposit ($20 when opening a Primary Share and a Checking account together)
What to know at Greylock FCU
Greylock opens an estate account as an account for a fiduciary purpose, and the fiduciary must qualify for Greylock membership. Two or more fiduciaries are treated as a multiple owner account. Greylock gives no information about or access to the deceased's accounts until the executor establishes legal authority, and may require a certified copy of the death certificate before releasing those balances.
Not in Greylock FCU'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
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 13, 2026
Greylock FCU's published guidance does not state whether an estate account can be opened online. It states the account can be opened in a branch.
Greylock FCU asks for: Copy of the documentation addressing the fiduciary purpose; Government-issued photo ID for the fiduciary, plus proof of authority to act as fiduciary; Estate EIN, or the SSN or EIN certified for the fiduciary purpose; $5 share deposit to open a Primary Share account, if the fiduciary is not already a member.
Opening deposit: $5 Primary Share membership deposit ($20 when opening a Primary Share and a Checking account together).
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 Greylock FCU primary sources (2 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.
