How to add beneficiary to chase bank account 2025

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A payable on death (POD) designation means your bank account automatically transfers to a beneficiary upon the death of all account owners and co-owners. Setting up a POD beneficiary allows you to plan for the future and make your financial wishes clear.
Navigate to the Fund Transfer section, where you will typically find the option to add a new beneficiary. Select Add Payee and choose the type of their account (it can be own bank or other banks). Fill in the beneficiarys name, account number, bank name and IFSC accurately, and then click on Add and Confirm.
Most financial institutions allow you to designate at least one beneficiary on deposit accounts, like savings accounts, checking accounts, and CDs. You can also designate a beneficiary, or multiple, on investment accounts, like IRAs.
Its not required to name the recipient of these funds, but it may be wise to do so anyway.
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