Before you get started, here’s some important information about limited ownership types available to you using TNB’s online deposit account origination service.

Texas SB 1792 Summary Language

Texas SB 1792 has outlined several types of account ownerships available for deposit accounts such as Payable on Death (POD). TNB is offering only the two types of ownerships through this service as listed below. If you need to establish an account with a different ownership structure, please visit one of our convenient locations to open your account. You may at any time after opening an account, make most ownership changes by visiting a branch location.

The type of account ownership you select may determine how property passes upon your death. The account owners you enter will apply to all accounts opened during the account opening session.

The ownership options available are:

INDIVIDUAL

• The party on the account owns the account.
• Upon the death of the party, ownership of the account passes as part of the party’s estate under the party’s will or by intestacy.
• The ownership type is reflected as “Single-Party Account Without Payable on Death Designation” on the Uniform Single-Party or Multiple-Party Account Selection Form Notice you will be presented at the end of the account opening process.

JOINT

• The parties to the account own the account in proportion to the parties’ net contributions to the account.
• The bank may pay any sum in the account to either party at any time.
• Upon the death of a party, the party’s ownership of the account passes to the surviving parties.
• The ownership type is reflected as “Multiple-Party Account with Right of Survivorship” on the Uniform Single-Party or Multiple-Party Account Selection Form Notice you will be presented at the end of the account
  opening process.

Please carefully consider the choice to add joint owners to your account.

Accept Decline

By clicking on “Accept”, you acknowledge the account ownership selections available to you online. If these options do not meet your needs, additional account ownership selections are available by visiting any one of our branches. At the end of the account opening process you will be prompted with the Uniform Single-Party or Multiple-Party Account Selection Form Notice that describes the ownership selections available to you. If you have any questions, please contact our customer service at 956-826-1920.