How Do I Open an Estate Account at Navy Federal?

How it opens

In a branch

Available

Online

Not available

By phone

Not available

By mail

Available

Who can open it

Existing customer

Not required

Membership

Required

EIN proof

The number alone

Documents to bring

• Letters of administration granted by the probate court appointing the executor or administrator of the estate
• IRS-issued Tax Identification Number (EIN) for the estate
• Completed Estate Account Application (Form NFCU 406) with ink signature of the administrator and any co-administrator
• Government-issued ID details for the administrator and any co-administrator

Steps at Navy Federal

1. 1
   Obtain letters of administration from the probate court appointing you executor or administrator of the estate.
2. 2
   Obtain an EIN for the estate from the IRS with Form SS-4, free at irs.gov.
3. 3
   Download the Estate Account Application (Form NFCU 406) at navyfederal.org/estate or call 1-888-842-6328 to request one.
4. 4
   Complete Form NFCU 406:

   • The deceased's name and Access Number or Social Security number
   • The estate's mailing address, which cannot be a PO Box, plus email, phone and the estate TIN
   • Product elections: the Estate Savings Account and Navy Federal Online Banking are required; checking, money market savings, debit cards and checks are optional
   • Administrator and any co-administrator: members give only their Access or Social Security number, name and signature; non-members complete every section
   • If the deceased was not a member, at least one beneficiary, each a Navy Federal member with an open Membership Share Savings Account
   • Ink signatures in every block marked "Ink Signature Required"
5. 5
   Submit the application with the letters of administration and the EIN through one of these routes:

   • Mail: Attn: Survivor Support, 5550 Heritage Oaks Drive, Pensacola, FL 32526
   • Email: survivordocs@navyfederal.org
   • Any Navy Federal branch

What it costs

Monthly fee

$0 on Association Checking; $10.00 on Flagship Checking below a $1,500.00 average daily balance

Fee waived at

$1,500.00 average daily balance during the statement period (Flagship Checking)

Other waivers

Check copies are free on estate checking accounts

Schedule that applies

Navy Federal Schedule of Fees and Charges (NFCU 2043ep)

For estate accounts

Check copies are free on estate checking accounts; the general schedule charges $1.00 per copy after the first free copy per month. Estate savings carries no monthly maintenance fee.

Other charges

Inactive Member fee and Dormant Checking fee, each $3.00 per quarter, when the member holds under $50 combined with no activity in 12 months

Once it is open

Online banking

Available

Checks

Available

Debit card

Issued

What to know at Navy Federal

Navy Federal opens an estate account when the deceased was a member at the time of death or, if not, when the deceased was eligible for membership on the date of death and every beneficiary of the estate is a current Navy Federal member. The executor does not have to be a member or be eligible for membership. Navy Federal does not offer blocked, restricted or court-monitored accounts, even with a court order.

Not in Navy Federal's published guidance

• Whether a branch appointment is needed
• Whether every co-executor must sign or appear
• Whether an out-of-state executor can open one
• Whether the death certificate must be a certified copy
• Whether the account comes with mobile deposit
• How the deceased's balances reach the estate account