Timeframe for banks to release funds 12 November 2022 at 11:41PM in Deaths, funerals & probate 7 replies 268 views

Nettiesmythe

Just wondered what sort of timeframe is fairly normal for banks to release funds once probate has been granted.TIA

Marcon

Nettiesmythe said:

Just wondered what sort of timeframe is fairly normal for banks to release funds once probate has been granted.TIA

Many banks will release funds before probate has been granted, depending on the amounts involved. See https://www.tmsolicitors.co.uk/probate-bank-limits-2022/ for current limits for major banks. They will often settle funeral expenses directly where this is requested.

If probate is needed because the amounts involved are over the threshold, then anything from a week to 3 months seems to be pretty normal.

Nettiesmythe

Thank you.

Pennylane

It was a couple of weeks in our case.

Nettiesmythe

Thank you.

CruisingSaver

It took 3 days from sending the grant of probate for me. The bank was TSB.

Nettiesmythe

That was very quick.I’m going to Barclays and Santander tomorrow and was just interested in peoples personal experience.

user1977

It will take as long as it takes for the withdrawal application to hit the desk of somebody suitably qualified to check that it's all ok. So depends on their workloads, but I wouldn't expect it to be long.