It is a designation that allows you to specify who will receive the funds in your account in the event of your death.
This designation does not affect the management of your account during your lifetime. You retain full control of your funds at all times, and beneficiaries do not have access to the account while you are the account holder.
When the designation needs to be carried out, the funds may be distributed to the designated beneficiaries in accordance with the product's terms and conditions and applicable regulations.
During your lifetime, your account operates as usual.
The POD designation remains on file as a future instruction and does not affect the management of your assets. You may change it at any time.
In the event of your death, and once the established requirements have been met, the funds will be distributed to the beneficiaries designated on the account.
POD allows you to decide in advance who will receive your assets, giving you greater clarity and control over your estate.
It is a solution designed for individuals seeking a simple way to organize their assets without the need for complex legal structures.
The Payable on Death (POD) benefit is available exclusively for individual (personal) accounts.
You can request the Payable on Death (POD) designation through your assigned Relationship Manager or by contacting our Customer Service team..
The process involves registering your account beneficiaries using the required forms, in accordance with the product's terms and conditions.
Link to the Terms and Conditions
Segura Bank Headquarters:
270 Ave. Muñoz Rivera, Suite 1130
San Juan, Puerto Rico, 00918
Segura Bank Representative Offices:
Calle 84A# 10 - 33, Oficina 203
Bogotá, Colombia
Cra. 53 Avenida Circunvalar, BC Business Building,
Office 1203
Barranquilla, Colombia
