We recently received a request to add three POD beneficiaries on a small business checking account owned by a partnership. Oddly, we have never had this come up. Are there any compliance issues with a non-incorporated, partnership/business account having PODs named?

How do you know when the partnership is dead?

Good point.

I believe you can only have PODs on individual accounts - and possibly sole proprietorships.

What kind of Partnership is it?

Does it make a difference if it is a husband and wife partnership?

It's a general partnership, and not a husband and wife.

They must close and reopen as a sinlge or joint with POD.