Contingent beneficiaries is a solution to your evolving needs. We discuss how First Choice Federal Credit Union handles Payable On Death accounts and more.
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Who will have access to my Payable On Death account at First Choice?
A Payable On Death beneficiary has no ability to perform any actions on an account that they are named. Instead, they can only access it after the account owner’s passing.
How does a Payable On Death account work?
A payable on death account allows you to setup your wishes upon your death. This account can be attached to any savings account or checking account, and other types of accounts.
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