How Do I Open a Trust Account at 1st Source?
Yes. 1st Source opens deposit accounts in the name of a revocable living trust. What 1st Source publishes about opening an account in the name of a revocable living trust, and what the successor trustee brings after a death.
Opening a trust account at 1st Source
Account type: CD
Where to open it
Online, in a branch, or by mail
Opening or retitling
- In a branch
- Available
- Online
- Available
- By mail
- Available
Documents to bring
- Signed CD application
- First page of the trust agreement
- Last page of the trust agreement
Steps at 1st Source
- 1Open a trust account at a 1st Source banking center, which the bank names as where trust-account ownerships are completed.
- 2For a certificate of deposit, apply online, give the trust's exact title under the special titling instructions, then print, sign and mail the application with the first and last pages of the trust agreement.
What it costs
1st Source does not state the opening deposit, monthly fee, or fee-waiver balance for a trust account.
| Account | To open | Monthly fee |
|---|---|---|
| Certificate of Deposit, 12 months or more (personal) | $500 | None |
| Certificate of Deposit, 32 to 364 days (personal) | $2,500 | None |
| Certificate of Deposit, 7 to 31 days (personal) | $25,000 | None |
What to know at 1st Source
A certificate of deposit can be opened in the name of the owner's trust through the online CD application, with the signed application and the first and last pages of the trust agreement mailed to the bank. Other trust accounts are opened at a banking center.
Not in 1st Source's published guidance
- Whether it can be opened by phone
- Whether the account is opened under the grantor's SSN or the trust's EIN
- Whether a certification of trust or the full trust document is needed
- Whether it has its own certification of trust form
- Whether an existing account can be retitled to the trust
- Whether a branch appointment is needed
- Whether every co-trustee must sign or appear
- Whether you must already bank there
- Whether the account comes with online banking, checks, or a debit card
General information about each bank's published trust-account requirements, not legal or banking advice. Requirements vary by state and account type. Consult the institution for its current requirements. Data verified Oct 27, 2026
Yes. 1st Source states that a trust account can be opened or retitled online, and also in a branch, or by mail.
1st Source lists: Signed CD application; First page of the trust agreement; Last page of the trust agreement.
1st Source does not state which taxpayer number a revocable trust account is opened under.
A trust account is a deposit account titled in the name of a trust rather than a person — for a revocable living trust, typically "[Trustee name], Trustee of the [Trust name]". While the grantor is alive and serving as trustee, the account is the grantor's to use; the trust title is what keeps the funds out of probate and lets the successor trustee take over without a court appointment.
A trust account holds assets that were titled to a trust before death, and the successor trustee takes control of it under the trust document. An estate account is opened after death by the court-appointed executor or administrator, under the estate's own EIN, for assets that were not in a trust and pass through probate. A family with a funded revocable trust may need only the trust account; a family with a will, or no will, opens an estate account.
Sources
Data sourced from 1st Source primary sources (4 pages reviewed). How we research.
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