How Do I Open a Trust Account at First Bank (Alaska)?
Yes. First Bank (Alaska) opens deposit accounts in the name of a revocable living trust. What First Bank (Alaska) 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 First Bank (Alaska)
Where to open it
In a branch
Opening or retitling
- In a branch
- Available
Documents to bring
- Certificate of trust
Steps at First Bank (Alaska)
- 1Open the trust account at a First Bank branch, where the trustee signs the signature card.
- 2Give the bank a certificate of trust as proof of the trustee's authority.
- 3Moving an existing account into the trust is a change of ownership: it needs the bank's written consent, and the bank may close the account and open a new one.
What it costs
First Bank (Alaska) does not state the opening deposit, monthly fee, or fee-waiver balance for a trust account.
- Schedule that applies
- Not stated. The Service Charge Schedule bound into the Deposit Account Agreement prices services only; account charges are on each product page
- Other charges
- $20.00 to close an account within 120 days of opening; research at $35.00 per hour with a one-hour minimum; statement copies $5.00 each
| Account | To open | Monthly fee | Waiver or condition |
|---|---|---|---|
| Value Checking | $200 | $8 | $2,500 minimum daily balance |
| First Premium Savings | $100 | $4 | $500 minimum daily balance |
| Money Market Account | $2,500 | $10 | $2,500 minimum daily balance |
What to know at First Bank (Alaska)
First Bank reports a revocable trust account under the grantor's own taxpayer number unless the trust's lawyer instructs otherwise. Any one trustee can act on the account, and the trustee tells the bank in writing when a trustee changes.
Not in First Bank (Alaska)'s published guidance
- Whether it can be opened online, by phone, or by mail
- 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 28, 2026
First Bank (Alaska) does not say whether a trust account can be opened online; it states that the account is opened in a branch.
First Bank (Alaska) lists: Certificate of trust. What proves the trust: a certification of trust.
First Bank (Alaska) states that a revocable trust account is opened under the grantor's Social Security Number.
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 First Bank (Alaska) primary sources (5 pages reviewed). How we research.
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