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Bank Accounts and Financial Institutions

What is a POD account and how do I claim it?

Short answer

POD stands for "payable on death." It is a beneficiary designation on a bank account. When the account holder dies, the money passes directly to the named beneficiary outside of probate. Bring a certified death certificate and your ID to the bank…

What this usually means

POD stands for "payable on death." It is a beneficiary designation on a bank account. When the account holder dies, the money passes directly to the named beneficiary outside of probate. Bring a certified death certificate and your ID to the bank. They will verify the designation and transfer the funds. No court needed.

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