I am the P.O.D. beneficiary from my deceased-brother's checking account. The bank will not give me the funds unless I file a US Transfer certificate. But from my research, that form is only for non citizens or for accounts over $5,430,000. We don't fall into either category... but the bank is still requiring the form. What do I do?
First, I am sorry for your loss. I would suggest asking the bank to give you a written statement as to why it believes you are required to submit the US Transfer Certificate. Also, I would ask to speak with the manager of the branch, if you have not already done so. Often problems are caused by bank employees who do not understand all applicable rules and policies and such misunderstanding can sometimes be resolved by taking it up the chain of command. Otherwise, if you are still having difficulties, try consulting with a local probate attorney there in AZ. Best of luck!
This answer is given solely as a service. No attorney/client relationship is created hereby. Please retain your own legal counsel.
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