Name Change

Name changes are made when clients provide proper legal documentation such as:

• Marriage certificate
• Court order

Clients must execute a new signature card and obtain the signatures of other authorized signers on the account.

Power Of Attorney

1. Signed letter requesting what is needed - letter must state where the principal is and why he/she can no longer act independently
2. Power of Attorney documents
3. Valid ID

Trust

1. Signed letter requesting what is needed
2. Trust documents
3. Valid ID

Representative Payee-SSA

1. Signed letter requesting what is needed
2. Letter of Authorization from the Social Security Administration or advise reflecting Representative Payee status
3. Valid ID

Representative Payee-VA

1. Signed letter requesting what is needed
2. Veterans Custodial Agreement
3. Valid ID

Guardianship

1. Signed letter requesting what is needed
2. Original court order
3. Valid ID

Estate

1. Signed letter requesting what is needed
2. Original document of:
   1. Letter of/Order of Administration
   2. Letter of Testamentary

Special Provisions For Alabama And Georgia 

Contact CMD for guidance and instructions when a request is received for the payment of account balances for interstate depositors. There are provisions for the disposition of funds when the depositor dies without a will and had $5,000 or less on deposit in a bank in Alabama or $10,000 or less on deposit in a bank in Georgia.

Accounts With Power Of Attorney Or Rep. Payee

The POA/Rep. payee is null and void when the principal dies. Do not allow the Attorney-in-fact/Rep. Payee use the Power of Attorney (POS) / Rep. Payee to transact business on the account. Refer to the Power of Attorney / Rep. Payee section.

Deceased

Death of the individual account owner:

Guardian Accounts

Contact CMD for further assistance with Guardianship accounts. Guardianships are null and void at the ward's death. Do not allow the guardian to use the account after the ward is deceased. The court appoints a new guardian upon the death of the guardian.

Representative Payee

Upon the death or revocation of a representative payee, the Social Security Administration appoints a new representative payee.

Sole Proprietorship Accounts

Any additional signer's authority ceases at the death of the sole proprietor. Access to the account is only granted after the proper legal documentation has been provided. Documentation includes:

• Letters of Administration
• Death Certification
• Valid ID