Axos Trust Account
Protect your legacy. Secure your wealth.
Manage your estate with confidence. Axos trust accounts provide peace of mind, knowing your assets are safe and structured for seamless distribution to your loved ones.
What is a trust account?
Your assets, delivered on your terms.
A trust account is a type of bank account created through a legal agreement called a trust. It differs from a personal account in that you choose a trustee to manage the assets for the beneficiaries of the trust.
- Your assets are legally protected and distributed to your chosen beneficiaries in accordance with your wishes.
- Trust accounts have several benefits related to estate planning, including potentially avoiding the time-consuming and expensive probate process.
Why you should have a trust account
Avoid probate
Ensure your beneficiaries receive assets quickly by avoiding the time-consuming and costly probate process.
Protect your assets
Keep your cherished assets safe and secure from creditors. You could also benefit from reduced estate taxes.
Customized management
Choose a trustee to manage the account according to your specific wishes and to provide guidance for beneficiaries.
Select the trust account that fits you best.
Axos ONE®
Our high APY savings and checking bundle
- Earn up to 4.46% APY* on savings and 0.51% APY* on checking.
- Get paid up to 2 days early1 with early direct deposit.
- No monthly fees and no overdraft fees.
Summit Savings
High-yield savings account
- Earn 4.00% APY* on your money.
- No monthly fees and no minimum balance requirements.
- Move money instantly between Axos accounts.
How do I open a trust account?
Establish your trust
Once you’ve decided to open a trust account, choose what type of trust preserves your wealth the best.
Apply for your account
For a seamless application process, make sure to have your trust name, Tax ID, and official documents ready.
Fund your account
Log in to your Axos account to easily and securely add money to your new trust account.
Confidently safeguard your assets in the present to secure the future you want for others.
Have questions? We’re here to help.
Trust Account Frequently Asked Questions
What is the main purpose of a trust account?
The main purpose of a trust account is to manage and protect assets for beneficiaries, ensuring their proper distribution according to the grantor’s wishes.
How do I set up a trust account?
While it’s not mandatory, you may want to consult with an attorney to establish the details of your trust. Make sure you have your trust documents and Tax ID before starting your application for a trust account.
How much money is needed to open a trust account?
There is no specific amount of money needed to open a trust account. However, expenses associated with establishing a trust include attorney’s fees, administrative fees, and trustee fees.
What are the four types of trust accounts?
The types of trust accounts are living trusts, testamentary trusts, revocable trusts, and irrevocable trusts.