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What Is the Difference Between TOD and Beneficiary? A transfer on death is an instrument that transfers ownership of specific accounts and assets to someone. A beneficiary is someone that is named to receive something of value.
You can edit, delete or add beneficiaries and Transfer on Death designations (for non-retirement accounts) at chase.com: On your Accounts page, open the Main Menu (at top left). Under ?Investments," choose ?Beneficiaries? and make your changes.
With Chase's beneficiary services, you can designate a beneficiary who will inherit the account upon your death. This is a seamless way to ensure that your hard-earned money goes directly to the person you wish to support.
How do I change my beneficiaries? You can edit, delete or add beneficiaries and Transfer on Death designations (for non-retirement accounts) at chase.com: On your Accounts page, open the Main Menu (at top left). Under ?Investments," choose ?Beneficiaries? and make your changes.
Beneficiary: A person designated to receive money or property from a person who has died. For example, someone can be designated as a beneficiary in a will or on a bank account (e.g., named in an informal trust as In Trust For (ITF) or named as a Payable on Death (POD) beneficiary).