Deposit Account Beneficiary FAQs

A beneficiary is an individual or entity that inherits ownership of your funds when you die. An account owner has the option to elect one beneficiary for all accounts or designate different beneficiaries for each of their accounts. Multiple beneficiaries will receive equal distribution percentages.

Adding a beneficiary to your Chase account not only ensures your funds are payable on death and distributed equally, but also helps to reduce stress and effort for your loved ones during difficult life moments.

A beneficiary can be added to your account by visiting a branch—you can schedule a meeting in advance. You will need their first and last name, phone number and address. A beneficiary doesn’t need to be present or be a Chase customer to be added.

For adding non-individuals as a beneficiary, you will need a name, address, phone number, NAICS code, and business ownership and employer identification number (EIN). Visit your state government website for more details.

Any beneficiary added to your account can’t access or view any of your account information, including account numbers, balances and transactions.

Most Chase personal checking, savings and Certificates of Deposit (CDs) are eligible to add a beneficiary. Beneficiaries can’t be added to business accounts or personal account types, such as Chase First Banking and Chase High School Checking.

You can notify us of a loved one’s death and access additional resources, such as our estate planning checklist, by visiting our Estate Services page, going to a branch or calling 1-866-926-6909, Monday-Friday from 8 a.m. to 7 p.m. ET.