Bank Funds

SevenOfNine

charliefarns62 wrote: »

Just a quick reply with my recent experience - Santander had a 'probate limit' of £50,000 (total of ALL accounts) The transfer to a nominated account needing only death certificate, copy of will and other ID was completed smoothly by my local branch, money transferred within 3 days, so impressed. Barclays limit is £20,000, taking longer as forms completed in-branch are sent to Bereavement Dept in Leicester, same paperwork as Santander. Other banks may well differ in the limit. Using money for expenses, keeping meticulous records of course.

Apart from ID, both Santander & Lloyds only wanted a copy of the death certificate (Lloyds limit is £50k), both organisations had disclaimers that we had to sign.

Nationwide - the most obstructive of them all. Flat refusal to close & pay out a small instant access savings a/c with only £200 in it without LoA! As we were in the process of applying we did wait, & when a cheque from DVLA came in the name of the deceased, I paid it into that savings a/c, so in the end saved a bit of bother getting a cheque amended.

Keep_pedalling

SevenOfNine wrote: »

Apart from ID, both Santander & Lloyds only wanted a copy of the death certificate (Lloyds limit is £50k), both organisations had disclaimers that we had to sign.

Nationwide - the most obstructive of them all. Flat refusal to close & pay out a small instant access savings a/c with only £200 in it without LoA! As we were in the process of applying we did wait, & when a cheque from DVLA came in the name of the deceased, I paid it into that savings a/c, so in the end saved a bit of bother getting a cheque amended.

That should not have been the case with NW, under £15,000 should just have been a matter of filling in the forms and providing a death certificate. £15-£50 still does not need probate, just the signature of a solisitor.

https://www.nationwide.co.uk/-/media/MainSite/documents/guides/dealing-with-the-unexpected/P3162_bereavement_support.pdf?s=as

Barclays limit is actually £30k not £20k.

If any bank staff put up obsticals it is usually ignorance via poor training, always contact the dedicated bereavement team if this happens to you.

badger09

Keep_pedalling wrote: »

That should not have been the case with NW, under £15,000 should just have been a matter of filling in the forms and providing a death certificate. £15-£50 still does not need probate, just the signature of a solisitor.

https://www.nationwide.co.uk/-/media/MainSite/documents/guides/dealing-with-the-unexpected/P3162_bereavement_support.pdf?s=as

Barclays limit is actually £30k not £20k.

If any bank staff put up obsticals it is usually ignorance via poor training, always contact the dedicated bereavement team if this happens to you.

I'd suggest contacting the dedicated bereavement teams in the first place, rather than wait for any obstacles from branch staff.

Flugelhorn

I got 20k from RBS - not sure what the upper limit was, but that didn't cause them any problems