These types of accounts are opened so that a Fiduciary named by the Department of Veterans Affairs (VA) to receive and manage payments for a Beneficiary who is unable to handle their own finances. 

Required Documents

Along with valid ID for the Fiduciary and Beneficiary, we need:

  • The letter from the Department of Veteran's Affairs naming the Fiduciary

Additional Information

There are some stipulations for these types of accounts:

  • Only one Fiduciary is allowed on the account
  • Must be set up under the Beneficiary's Social Security Number
  • Eligible for a checking account with debit card
    • Not eligible for Overdraft Privilege