Yes, a Certification of Trust form may be used for opening both deposit accounts and loan accounts, as well as for all other dealings with a trustee that is a bank customer. Under Illinois law, a third party — such as your bank — may rely on a Certification of Trust in any instance “instead of furnishing a copy of the trust instrument . . . .”

For resources related to our guidance, please see:

• Trusts and Trustees Act, 760 ILCS 5/8.5(a) (“Instead of furnishing a copy of the trust instrument to a person other than the beneficiary, the trustee may furnish to the person a certification of trust containing the following information: . . . .”)