How Do I Open an Estate Account at Old National?

Opening channels

In a branch

Available

Online

Not available

By phone

Not stated

By mail

Not stated

Appointment

Not stated

Co-executors

Not stated

Documents to bring

• Current government-issued identification for the executor or administrator — Deposit Account Agreement §3.1 (Identifying Our Clients at Account Opening): "To open an Account, you must provide us with current identification and an accurate Taxpayer Identification Number." The bank "may also ask to see your driver's license or other identifying documents."
• The estate's Taxpayer Identification Number (its EIN from the IRS) — §3.1 requires an accurate TIN to open any account, and Old National's business Deposit Account Agreement expressly refers to "the estate's, or successor's, TIN" as the number that replaces a deceased owner's
• Letters Testamentary or Letters of Administration — fiduciary accounts are held "pursuant to a written trust agreement, court order or other authority" (§3.8), the opener represents and warrants being "a legally appointed and acting fiduciary" with full power and authority, and §2.10 has the bank taking instructions from court-appointed representatives, including ones appointed in a different state from where the account is held

Steps at Old National

1. 1
   Get appointed first. Under Deposit Account Agreement §3.8 the person opening a fiduciary account represents and warrants that they are "a legally appointed and acting fiduciary" — for an estate that means the probate court has issued Letters Testamentary or Letters of Administration. §2.10 lets the bank act on court appointments from a state other than the one where the account is held, so an out-of-state executor's Letters are workable.
2. 2
   Obtain the estate's EIN from the IRS before going to the bank. §3.1 conditions account opening on "current identification and an accurate Taxpayer Identification Number," and the estate's own TIN — not the decedent's Social Security number — is the number that identifies the estate (the business account agreement speaks of "the estate's, or successor's, TIN").
3. 3
   Open the account at an Old National banking center. There is no online path for a fiduciary-titled account:

   • Old National's online application (applynow.oldnational.com) offers only individual and joint ownership — it has no estate or fiduciary option, and the bank's own FAQ commits only to opening "most checking accounts online"
   • The nearest published analog, the personal trust account, is in-branch only: "Personal trusts can only be opened in an Old National banking center"
   • Call Client Care at 1-800-731-2265 or use the online scheduler to make a banking center appointment
4. 4
   Bring your government-issued photo ID, the Letters, and the estate's EIN, and sign the signature card in your capacity as executor or administrator. The bank takes your §3.8 warranties at face value — it has "no duty or obligation to verify or update any of your powers or authorities."
5. 5
   Know what the bank will and will not do afterward: under §3.8 it will not send statements or account information to anyone other than the fiduciary — not to heirs or beneficiaries — so the executor, not the bank, accounts to the estate's beneficiaries. The relationship the account creates is debtor/creditor, and the bank does not monitor the fiduciary's use of the funds (§3.5, §3.8).

What to know at Old National

Old National publishes no estate-account page, product name, or document checklist; everything here is drawn from its two governing Deposit Account Agreements (consumer and business, both fetched and read 2026-07-16). The account category is §3.5/§3.8's "Trustee and Other Fiduciary Accounts," and the agreement contemplates executor-opened accounts by name — its FDIC pass-through insurance clause reads: "If you have opened an Account on behalf of the beneficial owner(s) of the funds in the Account (for example, as an agent, nominee, guardian, executor, custodian or in some other capacity for the benefit of others), the Account may be eligible for pass-through deposit insurance from the FDIC," which also means the estate account may be insured beyond the standard maximum where the FDIC's beneficial-owner recordkeeping conditions are met. The business agreement (§3.6) treats a fiduciary account opened in a business capacity as a business account; the business-account FAQ's published channels are phone (1-800-731-2265), any banking center, or an information request form, but Old National does not state whether an estate account can be opened by phone, so byPhone stays unclear. No minimum deposit, processing time, Letters-recency window, or co-executor signature rule is published for estate accounts. Funds released from the decedent's own Old National accounts under §2.10 (see the death-claim process) are what this account typically receives.