While we don’t offer any custodial accounts, we understand you may need a Power of Attorney if an emergency comes up. You can designate an attorney-in-fact (the person authorized to act on your behalf) who can:
Keep in mind, an attorney-in-fact can’t:
You’ll need to provide the following in order to establish a Power of Attorney:
These Power of Attorney documents can be submitted one of two ways:
Capital One 360
P.O. BOX 60
St. Cloud , MN 56302
Yes. You can register your 360 Checking, 360 Savings or CD in the name of a Revocable Living Trust. Before you do this, make sure the ownership on your account matches your trust. For example, the Grantor of your trust must be the primary account holder and at least 18 years old. If you list a Trustee, he/she must also be the joint account holder.
To make ownership changes:
- The Grantor and Trustee must be 18 or older.
- If the Grantor’s name isn’t included in the title of the trust, you’ll also need to send a copy of the first page of the trust document.
- The Grantor and Trustee names and addresses on the 'Certification of Trust' form must match the account information we have on file.
|Mail:||Capital One 360
P.O. Box 60
St. Cloud, MN 56302
The primary account holder is responsible for any tax implications related to the account and receives account statements. The joint holder still has full access to the account but wouldn’t receive tax forms or statements.
Any owner of the account may: (i) withdraw or transfer the balance without the other owner's consent; (ii) make deposits, close or pledge the account to us as collateral for a debt owed to us; and (iii) endorse and deposit checks payable to any joint owner.
No, a Kids Saving Account can only be opened as a joint account with an adult.
If you want to change which living trust your account is registered in, just follow these steps:
Be sure to include a note explaining that the form is being sent to update the name on your existing Living Trust. Once we receive the form, your account will be updated within 2 business days.
No, your account can only be in the name of one Revocable Living Trust. You can, however, have multiple accounts in different trust names or change the name of the trust your account is registered in.
A joint account is shared by you and one other person. It's usually opened by couples, but that's not always the case. Both people on the account must have a valid Social Security Number. Also, whoever is listed as the primary account holder on a joint account is responsible for any tax implications related to the account.