How Do I Open an Estate Account at TD Bank?
TD Bank 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 TD Bank
Where to open it
Not published by TD Bank
Documents to bring
- Taxpayer Identification Number for the estate
- Name, address, date of birth, and Social Security number of each Authorized Signer; identifying documents if asked
What it costs
TD Bank does not state the opening deposit, monthly fee, or fee-waiver balance for an estate account.
- Other waivers
- No estate-specific waiver. Non-balance waivers are for non-profit organizations, TD Merchant Solutions, TD Remote Deposit Capture, or a TD Bank small-business loan or line of credit
- Schedule that applies
- Business Deposit Account Agreement 40890-SB (06/26) with the per-product Business Account Guides
- For estate accounts
- The Business Deposit Account Agreement's "You" definition names an estate, so the business products and their fees apply; the Personal Deposit Account Agreement names no estate. No estate-specific fee, waiver or exclusion is published
| Account | To open | Monthly fee | Waiver or condition |
|---|---|---|---|
| TD Business Simple Checking | $25.00 | $10.00 | none; non-profit waiver only |
| TD Business Savings | $25.00 (recommended to open account) | $5.00 | $500 minimum daily balance |
| TD Small Business Premium Money Market | $25.00 (recommended to open account) | $15.00 | $2,500 minimum daily balance |
| TD Business Convenience Checking Plus | $100.00 | $20.00 | $2,500 combined in that account and one linked personal checking |
| TD Business Interest Checking Plus | $100.00 | $15.00 | $2,500 minimum daily balance |
| TD Business Premier Checking | $200.00 | $30.00 (first 3 statement cycles waived) | $25,000 in combined business deposits and one personal checking account |
What to know at TD Bank
TD Bank opens an estate account as a business account under its Business Deposit Account Agreement, whose definition of the account holder names an estate: business checking, savings, money market or a certificate of deposit. The Executor Assist Kit, the Executor Quick-Start Checklist and the One TD Estates Centre belong to TD Canada Trust and do not govern TD Bank, N.A. accounts in the US.
Not in TD Bank's published guidance
- Whether a branch appointment is needed
- Whether every co-executor must sign or appear
- Whether the estate's EIN is needed before opening
- 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 24, 2026
TD Bank's published guidance does not state whether an estate account can be opened online.
TD Bank asks for: Taxpayer Identification Number for the estate; Name, address, date of birth, and Social Security number of each Authorized Signer; identifying documents if asked.
TD Bank does not state the opening deposit, monthly fee, or fee-waiver balance for an estate account. The Business Deposit Account Agreement's "You" definition names an estate, so the business products and their fees apply; the Personal Deposit Account Agreement names no estate. No estate-specific fee, waiver or exclusion is published. TD Bank's 6 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 TD Bank primary sources (10 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.
