The following products can be converted to Revocable Living Trust ownership:
- 360 Checking
- 360 Performance Savings
- 360 CD (all terms)
- 360 Money Market Account
- 360 Savings
- Total Control Checking
- Simply Checking
- Confidence Savings
- Savings Now
If you have a Revocable Living Trust and would like to change an existing personal Capital One account to Trust ownership, follow these steps:
- Download our Certificate of Trust form.
- Complete all sections of the form in entirety, ensuring handwriting is clear and legible. (Some sections are optional – complete them only if applicable).
- Take the form to a Notary to obtain a notarized signature. All Trustees’ signatures need to be notarized.
- Once the form is completed and notarized, fax the document to us at 1-888-464-3220 or mail it to PO Box 60, St. Cloud, MN 56302-0060.
- You’ll receive a notification when your requested changes have been made. Please allow up to 10 business days for us to complete your request.
Does Capital One have Trust accounts? Yes! If you have an existing Capital One Bank account, you can convert it to Trust ownership. We currently offer this option for Revocable Living Trusts (see eligible products above).
What types of accounts can be converted to Trust? You can convert any Capital One 360 account except for minor accounts, business accounts, and IRAs. This includes savings accounts, checking accounts, and CDs. See the full list of eligible products above.
How many Trustees can be on an account? You can have up to three Trustees on a trust account (one of them must be the Grantor). All Trustees will have equal and independent access to the accounts.
Does the Grantor have to be a Trustee? Yes, the Grantor must be one of the Trustees on a trust account.
Can a minor be a Trustee? No, anyone under the age of 18 cannot be listed as a Trustee.
How long does it take to convert my account(s) to Trust? Please allow up to 10 business days to convert your accounts to Trust ownership.
Can I open a Trust account or do I have to convert an existing one? At this time, you cannot directly open a Trust account. You can convert an existing account to Trust ownership or open a new personal account and then convert it to Trust. See the full list of eligible products above.
Can I list my Trust as a beneficiary instead of converting an account? You cannot list a Trust as a POD Beneficiary on any of your accounts. See the Manage Beneficiaries page for more details.
What if I can't obtain in-person notarization? If you are unable to obtain in-person notarization for this document, your state may have implemented virtual notary rules. You can visit the National Notary Association to confirm if this option is available in your state.