How Do I Open an Estate Account at Mascoma Bank?

Opening channels

In a branch

Available

Online

Available

By phone

Not stated

By mail

Not stated

Appointment

Not stated

Co-executors

Not stated

Minimum deposit

$10 (Statement Savings (Business)); $100 (Small Business Checking)

Documents to bring

• Estate EIN (the ownership type is labeled "Estate with EIN"; the estate's tax ID is a required field)
• Death certificate (the estate application's proofOfDeath document, required)
• Letters of Testamentary (the estate application's executorDocumentation document, required — the only court-appointment document type the application names)
• Legal name of the estate and the decedent's full name (both required fields)
• Primary address for the estate (required field)
• Government-issued ID for the executor opening the account (USA PATRIOT Act identification notice on the application: name, address, date of birth, and identifying documents)

Steps at Mascoma Bank

1. 1
   Obtain the estate's EIN and your Letters — Mascoma's estate account application requires the estate tax ID and Letters of Testamentary as its two authority documents, alongside a death certificate
2. 2
   Open through either channel:

   • Online at openaccount.mascoma.bank: choose the BUSINESS product list (not personal) — the "Estate with EIN" ownership type is active on Small Business Checking and Statement Savings (Business); the application collects the executor's contact information first, then ownership type and documents
   • At any of Mascoma's 28 NH/VT branches ([mascoma.bank/locations](https://mascoma.bank/locations/)) — the same application runs on the banker's side, and every branch is a valid originating branch for an estate account
3. 3
   Provide the estate's legal name, the decedent's full name, the estate's address, the EIN, the death certificate, and the Letters of Testamentary
4. 4
   Bring your own government-issued photo ID — the application carries the standard USA PATRIOT Act identification requirement for the person opening the account
5. 5
   Fund the account: $100 minimum for Small Business Checking, $10 for Statement Savings (Business)

What to know at Mascoma Bank

Mascoma publishes no estate-account page in prose, but two primary sources establish the product. First, its personal checking and savings pages state the accounts "may also be useful for unincorporated non-business associations, estates, trusts, and guardianships." Second, and more specifically, the bank's own online account-opening application (openaccount.mascoma.bank) carries a live "Estate with EIN" ownership type: it is active on Small Business Checking and Statement Savings (Business) with visibility "both" (customer-facing online and banker console — the configuration distinguishes this from "consoleOnly" products), and on the 12-Month CD Special as a banker-only product. The estate ownership type labels the opening fiduciary "Executor," defaults the account name to "Estate Account," and requires the estate's tax ID, legal name, the decedent's full name, an address, a death certificate, and Letters of Testamentary; the application's branch list includes an "Online Branch," confirming online origination. The estate path lives on the BUSINESS product list — the consumer versions of the same products have the estate ownership type switched off online. The application names only "Letters of Testamentary" as the executor document type; an administrator with Letters of Administration confirms acceptance with the branch (Mascoma states nothing either way). Phone and mail opening, appointment requirements, and co-executor signature rules are unpublished. Free notary service at most branches covers estate paperwork signed at the same visit.