Beneficiary designations are one of the easiest ways to transfer assets to loved ones and family members. Your account can be transferred to someone else without anyone second-guessing where you would like your funds to go. Naming a beneficiary can also be an effective estate planning tool, helping you avoid complicated, lengthy probate and giving your recipient immediate access to funds when you pass on. You might also find it gives you incredible peace of mind knowing that you’ve taken one small step toward easing any extra burden on your loved ones.
Who can be named a beneficiary?
- Any living person
- Nonprofits
- Trusts
*If you name more than one person or entity, funds will be divided in equal shares.
Who can’t be named a beneficiary?
- Corporations
- Partnerships
- Limited Liability Companies
To Name a Beneficiary:
- Complete the POD form.
Note: If you are designating a Trust as a beneficiary please go to our Trust as Beneficiary article for instructions and the form to complete.
2. Send us the completed form via secure messaging (instructions below). - Do not email the form due to the sensitive information contained in the application.
To send the completed form to our Accounts team:
- Log in to your account access via mobile app or desktop.
- From the Home screen,
- Click Messages.
- Click the pencil icon or click the link that states: "Select a message to view or click here to create a message".
- Choose Message Recipient: "Document Upload".
- For the Message Subject, type: POD Request.
- Type your additional message if needed.
- Click "Attach a File" and upload your completed form.
- Click "Send Message".
Our Accounts Team will then make the requested update to your account(s).
To claim an account as a beneficiary:
- Call our Customer Service team at Old Glory Bank for death notification: 888-446-5345. If there is a joint account holder, the joint account holder will maintain full rights to the account.
2. Send a certified copy of the death certificate by regular mail to our PO Box:
Old Glory Bank
P.O. Box 20550
Oklahoma City, OK 73156
After we receive the death certificate, a representative will contact you with any further instructions.