How Do I Open an Estate Account at Synchrony?
Synchrony 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 Synchrony
Where to open it
Not published by Synchrony
How it opens
- In a branch
- Not available
Documents to bring
- Executor certification
- Documents showing the executor has been legally appointed as fiduciary for the estate
Steps at Synchrony
- 1Provide the documents the deposit agreement requires for estate accounts:
- Executor certification
- Documents showing your legal appointment as fiduciary for the estate
- Any other documentation the bank requires
What it costs
- Opening deposit
- $0
- Monthly fee
- $0
- Fee waived at
- Not applicable; there is no monthly fee to waive and no minimum balance requirement
- Other waivers
- None published; no fee waiver tier exists
- Schedule that applies
- Account Requirements and Service Charges, effective March 03, 2023, Synchrony's only deposit schedule
| Account | To open | Monthly fee |
|---|---|---|
| High Yield Savings | $0 | $0 |
Once it is open
- Debit card
- Not issued
- Deceased's balances
- Paid by check to the estate
What to know at Synchrony
Synchrony's deposit agreement lists the Estate Account as an ownership type managed by executors, administrators, personal representatives or other court-appointed fiduciaries; all its executors and beneficiaries must be natural persons. Each executor may act without the consent of any other executor. Online and telephone transfers are not available on estate accounts, and no ATM card is issued. Synchrony publishes no estate account application.
Not in Synchrony's published guidance
- Whether it can be opened online, by phone, or by mail
- 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, or mobile deposit
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 24, 2026
Synchrony's published guidance does not state whether an estate account can be opened online.
Synchrony asks for: Executor certification; Documents showing the executor has been legally appointed as fiduciary for the estate.
Opening deposit: $0. Monthly fee: $0. Synchrony's 1 published account is 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 Synchrony primary sources (4 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?
Whether your state lets you open probate yourself, and what it costs with a lawyer and without one.
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.
