Do I need to provide identification to add or change a beneficiary?
No additional documentation is required for standard beneficiary updates. For special cases (e.g., trust), supporting documents may be requested.
How long does it take for a beneficiary update to process?
Beneficiary updates typically take up to one full statement cycle to be reflected on your account.
Can I add beneficiaries when opening an account?
No, beneficiaries cannot be designated during the account opening process. You can add beneficiaries after your account is opened by submitting a request through Secure Forms in Online Banking or the Mobile App.
Can I add beneficiaries to all account types?
Beneficiaries can be added to most deposit accounts, including checking, savings, money market, and CDs.
Is there a fee to add or change a beneficiary?
No, Quontic does not charge any fees for adding, changing, or removing beneficiaries.
I am a beneficiary and the account owner has passed away. What should I do?
We’re very sorry for your loss. If you are listed as a beneficiary, we’re here to help guide you through the next steps. To begin the process, please mail the following documents to Quontic Bank: Required Documents:• Original copy of the death certificate• Color photo of your valid, government-issued ID• A cover letter with your […]