Immediate distribution of funds
This account is a traditional checking account with the condition that, when the account holder is deceased, funds will be distributed immediately and equally amongst the authorized beneficiaries without having to wait for a court order (Probate).
While the primary user is alive, the beneficiaries do not hold any rights to the account and cannot access it. They will not have access to any information on funds deposited in the account. The account consists only of a primary user with no authorized users.