How Do I Open an Estate Account at Stock Yards Bank?
Stock Yards Bank's estate-account opening requirements: where the account can be opened, the documents to bring, and the EIN requirement.
Opening an estate account at Stock Yards Bank
Opening channels
- In a branch
- Not stated
- Online
- Not available
- By phone
- Not stated
- By mail
- Not stated
Documents to bring
- Court order of appointment (Letters Testamentary or Letters of Administration) -- the deposit agreement authorizes fiduciary accounts opened by executors or administrators "under court orders"
What to know at Stock Yards Bank
The consumer deposit Terms & Conditions affirmatively authorize fiduciary accounts opened and maintained by executors, administrators, or conservators under court orders. The same agreement restricts online account opening to individual residents of Kentucky, Indiana, and Ohio, so an estate account cannot be opened online. Stock Yards Bank does not publish an estate-account-specific opening procedure, document checklist, EIN requirement, or minimum deposit; contact customer service at 1-800-625-9066 or the Wealth Management & Trust team at 502-625-1005.
This guide summarizes each bank's published estate-account requirements and is not legal or banking advice. Requirements may vary by state and account type.
Frequently Asked Questions
No. Stock Yards Bank states an estate account cannot be opened online.
Stock Yards Bank asks for: Court order of appointment (Letters Testamentary or Letters of Administration) -- the deposit agreement authorizes fiduciary accounts opened by executors or administrators "under court orders".
Stock Yards Bank's published guidance does not state a co-executor appearance rule. When more than one executor or administrator was appointed, confirm with Stock Yards Bank whether all must attend.
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 Stock Yards Bank primary sources (2 pages reviewed). How we research.
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