How Do I Open an Estate Account at Old National?
Old National opens estate accounts for a court-appointed executor or administrator. The documents it asks for, what the account costs, and the steps it lists are below.
Opening an estate account at Old National
Where to open it
Not published by Old National
Documents to bring
- Current identification
- Taxpayer Identification Number for the estate
- Court order or other authority under which the fiduciary acts
Steps at Old National
- 1Provide current identification and an accurate Taxpayer Identification Number, which Old National requires to open any account.
- 2Sign the account documents as the fiduciary. By opening a fiduciary account you warrant that you are a legally appointed and acting fiduciary with full power and authority to open it.
What it costs
Old National does not state the opening deposit, monthly fee, or fee-waiver balance for an estate account.
- Other waivers
- No fiduciary or estate fee exclusion published. Personal checking balance waivers combine only accounts "with similar ownership"; the bank does not say whether an estate account qualifies
- Schedule that applies
- Not stated; no fee schedule is published. Both Deposit Account Agreements (effective July 1, 2025) incorporate a fee schedule delivered at account opening
- For estate accounts
- The consumer Deposit Account Agreement covers "Trustee and Other Fiduciary Accounts"; the business agreement treats "a fiduciary ... Account opened in a business capacity" as a business Account
- Other charges
- $25 fee on a personal account closed within 180 days of opening; $3 paper statements on personal checking and $3 per month for paper statements on business checking; dormant fee after 12 months (checking) or 36 months (savings and money market) of no activity, amount not published
| Account | To open | Monthly fee | Waiver or condition |
|---|---|---|---|
| ONB Everyday Checking | $50 | $6.95 | $500 in total monthly direct deposits OR Daily Balance of $500 OR $1,500 combined Daily Balance with similar ownership |
| ONB Classic Checking (age 50+) | $50 | $7.95 | Daily Balance of $750 OR $5,000 combined Daily Balance across deposit accounts with similar ownership |
| ONB Preferred Checking | $50 | $15 | $5,000 Daily Balance OR $25,000 combined minimum Daily Balance in other accounts or loans with similar ownership |
| ONB EZ Access Checking | as little as $10 | $4.95 | |
| ONB Student Checking | $50 | No monthly service fee | |
| Market Monitor money market | $50 | ||
| Access Business Banking | $100 | $0 | No minimum balance requirement |
| Pro Access Business Banking | $100 | $25 per month | $20,000 average ledger balance, OR $50,000 combined checking, savings and money market average ledger balances |
What to know at Old National
Old National lists trustee and other fiduciary accounts among the account types it offers and relies on the fiduciary's warranty of being "a legally appointed and acting fiduciary" without verifying it. It sends statements and account information only to the fiduciary, not to beneficiaries, and does not monitor how the fiduciary uses the funds. It publishes no estate account page or document list.
Not in Old National's published guidance
- 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
- What proof of the EIN it accepts
- 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 Sep 23, 2026
Frequently Asked Questions
Old National's published guidance does not state whether an estate account can be opened online.
Old National asks for: Current identification; Taxpayer Identification Number for the estate; Court order or other authority under which the fiduciary acts.
Old National does not state the opening deposit, monthly fee, or fee-waiver balance for an estate account. The consumer Deposit Account Agreement covers "Trustee and Other Fiduciary Accounts"; the business agreement treats "a fiduciary ... Account opened in a business capacity" as a business Account. Old National's 8 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 Old National primary sources (13 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?
Find out if you can handle probate yourself with estimated cost savings and a filing checklist.
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.
