Natwest Bank and probate threshold

p00hsticks

akat0 said:

To avoid this ( what I see appears to be a legalised  money making kind of scam ,  or whatever you want to call it )
we make sure that if the total balance of my bank accounts exceed the threshold , we just open an account (/s) with another bank and transfer the excess over.. and once that account exceeds the bank's threshold, just repeat the process with another bank, ensuring that no bank can force you to present a grant of probate , just to access the funds.

Hopefully everyone who saves, make sure that they do their home work and keep checking 
probate thresholds for all their banks and make sure that the balances held is always below the threshold.
This will save a lot of stress and grief. 

Of course, the other side of this is that, without a bank demanding probate, you run the risk of them handing out the money to the wrong person. We get plenty of threads on here with siblings falling out after a parent has died and without the insistence of probate I don't think it would be difficult for one to go into a branch without the knowledge of the others and persuade the bank that they are the right one to give the money to.

Which is a potential cause of plenty of stress and grief in itself.....