Money from bank after a death

tabby_cats_mum

Anyone know how quickly Northern Rock release the funds after a bank account has been closed following a death? A couple of other High Street banks have paid out within a week of closure but I've been waiting a bit longer with NR. The amounts are all under probate limits.

pcombo

Thinking and asking how long you need to wait to get funds from a dead person bank account.

This thread needs deleted this sickens me this does.

opinions4u

pcombo wrote: »

Thinking and asking how long you need to wait to get funds from a dead person bank account.

This thread needs deleted this sickens me this does.

A bit harsh.

We don't know how long ago the account holder died. Is there a rule that says you have to leave funds untouched forever and a day?

I'd suggest getting the money out as soon as legally possible if it's in a low paying account so that you can distribute it efficiently in accordance with the deceased's wishes.

Ringing NR is the best way to get an answer though.

problemcashback

pcombo wrote: »

Thinking and asking how long you need to wait to get funds from a dead person bank account.

This thread needs deleted this sickens me this does.

how does it sicken you, the poor OP is probably trying to sort out some ones close to thems affairs, without it they cannot get closure.

If you have ever dealt with an estate you would know how much extra stress this process adds at a difficult time. They could even need it for paying funeral expenses.

What do you want them to do leave the money in the bank account forever.

OP it depends everyone has their own timings best to call them.

tabby_cats_mum

Thank you for the supportive replies.
For what it's worth I will explain I am not a beneficiary I am just adminstering the account, one of the beneficiaries is in dire financial circumstances and I'm trying to help them out. The person who has died would be extremely pleased I am fullfilling the role I was given to the best of my abilities.
There is usually someone on this forum who has had a similar experience so I thought I'd give it a shot, I am actually going into the bank next week anyway.

BlondBoy

Took about two weeks when my Mum died, once they'd accepted there was no need for probate (which, in itself, took a couple of phone calls). Seems to be very dependent on the bank/financial institution though.

HTH.