Trust Accounts
- Learn what's needed to open an account
- Prepare your documents ahead of time
- Open an account online or connect with us
When you're managing a trust, clarity matters.
Whether you're planning ahead or carrying out someone's wishes, managing a trust comes with important responsibilities. We're here to make opening and managing a trust account as straightforward as possible.
Who can access the account?
The trustees listed in the certificate of trust can:
- Deposit cash and checks made payable to the trust or grantor
- Write checks and use a debit card
- Access and manage accounts through digital banking
What you'll need
Requirements vary by trust type, but most require the following information and documents.
- Grantor(s) must be member(s)
- Certificate of Trust signed by all acting trustees and dated in the last 30 days
- Grantor's / Trustee's identification, such as a valid government-issued ID
- SSN or EIN as defined in the trust
Please note that loans, including credit cards, cannot be opened under an Irrevocable Trust.
- Grantor(s) must be member(s) (or had an active membership prior to passing), or all beneficiaries must be members
- Certificate of Trust signed by all acting trustees and dated in the last 30 days
- Trustee's and Beneficiary's identification, such as a valid government-issued ID
- EIN
- Beneficiary must be a member
- Certificate of Trust signed by all acting trustees and dated in the last 30 days
- Trustee's and Beneficiary's identification, such as a valid government-issued ID. Please contact us for alternative documentation options.
- Beneficiary's SSN
Open an account
If you need to convert an existing Purdue Federal account to a trust or open additional trust accounts, please contact us or visit a branch.
Helpful Resources
Purdue Federal can open specialty accounts, but we are not able to assist with the creation of, establishment of, or provide legal advice regarding these account types. Please consult a qualified attorney or the appropriate legal agency for more information regarding your individual circumstances.