what is a pod
A POD account provides that in the event of death, the beneficiary, such as a child, will have full access to any money in the account. Also known as a Totten trust, a POD account ensures immediate expenses can still be taken care of upon death, without waiting for probate.POD accounts allow access to saving and checking accounts, among others. View slideshow of images above.lso known as a Totten trust, a POD account ensures immediate expenses can still be taken care of upon death, without waiting for probate. POD accounts allow access to saving and checking accounts, among others. View slideshow of images above.