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Closing deceased’s accounts
GSS20
Posts: 113 Forumite
Sorry for so many questions. Mum had 4 separate savings accounts with one particular bank and 2 separate savings accounts with another bank. Of these 6 accounts some had less than £25k but adding each banks total she had more than £50k in each bank. Do the banks look at the total funds held with them or just the individual accounts therefore possibly releasing some of the account funds immediately without a letter of confirmation?
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Comments
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It will be the total rather then the amount in each account.1
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And different banks have different limits, so £50k is not is not a 'universal' limit.0
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