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    • mm25
    • By mm25 11th Apr 18, 2:54 PM
    • 7Posts
    • 2Thanks
    mm25
    Joint bank account
    • #1
    • 11th Apr 18, 2:54 PM
    Joint bank account 11th Apr 18 at 2:54 PM
    My dad died 6 weeks ago. He and mum had a joint bank account with a 5000 overdraft facility which she has had to use to pay funeral expenses.
    She has not received any of my dads final salary pension since he died as they had to stop it in order to recalculate it and put it in my mums name, it is supposed to start again on may 6th with back pay, which will go some way to clearing the overdraft, but not all of it.
    She hasn't told the bank yet that my dad has died as she is afraid they will take away the overdraft immediately, and she is relying on that to live and pay the funeral costs.
    It is a joint account so surely they won't just take the facility away?
Page 1
    • Yorkshireman99
    • By Yorkshireman99 11th Apr 18, 3:01 PM
    • 4,511 Posts
    • 3,748 Thanks
    Yorkshireman99
    • #2
    • 11th Apr 18, 3:01 PM
    • #2
    • 11th Apr 18, 3:01 PM
    My dad died 6 weeks ago. He and mum had a joint bank account with a 5000 overdraft facility which she has had to use to pay funeral expenses.
    She has not received any of my dads final salary pension since he died as they had to stop it in order to recalculate it and put it in my mums name, it is supposed to start again on may 6th with back pay, which will go some way to clearing the overdraft, but not all of it.
    She hasn't told the bank yet that my dad has died as she is afraid they will take away the overdraft immediately, and she is relying on that to live and pay the funeral costs.
    It is a joint account so surely they won't just take the facility away?
    Originally posted by mm25
    If your mother does not tell The Bank and they find out it will not look good. The sensible thing is to make an appointment with the bank to discuss it. Overdrafts can usually be cancelled at short notice.
    • Savvy_Sue
    • By Savvy_Sue 12th Apr 18, 2:49 AM
    • 39,037 Posts
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    Savvy_Sue
    • #3
    • 12th Apr 18, 2:49 AM
    • #3
    • 12th Apr 18, 2:49 AM
    The funeral costs can be delayed slightly: ask the funeral director to send the bill direct to the bank for settlement (and ask the bank not to pay it until the pension arrives!)

    Once they have recalculated the pension and started paying it, is she going to be OK without the overdraft, and if not does she have a Plan B?
    Still knitting!
    Completed: 1 adult cardigan, 3 baby jumpers, 3 shawls, 1 sweat band, 3 pairs baby bootees,
    1 Wise Man Knitivity figure + 1 sheep, 2 pairs socks, 2 hats 2 balaclavas for seamen, 1 balaclava for myself ...
    Current projects: Poppies, mohair cardigan pattern arrived and going strong!
    • AnotherJoe
    • By AnotherJoe 12th Apr 18, 8:09 AM
    • 10,649 Posts
    • 12,197 Thanks
    AnotherJoe
    • #4
    • 12th Apr 18, 8:09 AM
    • #4
    • 12th Apr 18, 8:09 AM
    The funeral costs can be delayed slightly: ask the funeral director to send the bill direct to the bank for settlement (and ask the bank not to pay it until the pension arrives!)
    Originally posted by Savvy_Sue
    That doesnt sound right to me, I don't beleive a bank will be paying the funeral expenses out of an overdraft, that's essentially giving a loan. And it seems highly unlikely that the new pension arriving will make much difference they were obviously living hand to mouth before if they had no savings.
    • SevenOfNine
    • By SevenOfNine 12th Apr 18, 8:21 AM
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    SevenOfNine
    • #5
    • 12th Apr 18, 8:21 AM
    • #5
    • 12th Apr 18, 8:21 AM
    Does she qualify for the funeral payment by any chance?
    https://www.gov.uk/funeral-payments
    Seen it all, done it all, can't remember most of it.
    • Savvy_Sue
    • By Savvy_Sue 12th Apr 18, 9:50 AM
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    Savvy_Sue
    • #6
    • 12th Apr 18, 9:50 AM
    • #6
    • 12th Apr 18, 9:50 AM
    That doesnt sound right to me, I don't beleive a bank will be paying the funeral expenses out of an overdraft, that's essentially giving a loan. And it seems highly unlikely that the new pension arriving will make much difference they were obviously living hand to mouth before if they had no savings.
    Originally posted by AnotherJoe
    I agree, I worded it poorly.

    What I was more suggesting was that the OP's mum needn't panic about paying the funeral bill right now right this minute if that would dip into the overdraft.

    I have already expressed concern over the plan for day to day stuff in future ...
    Still knitting!
    Completed: 1 adult cardigan, 3 baby jumpers, 3 shawls, 1 sweat band, 3 pairs baby bootees,
    1 Wise Man Knitivity figure + 1 sheep, 2 pairs socks, 2 hats 2 balaclavas for seamen, 1 balaclava for myself ...
    Current projects: Poppies, mohair cardigan pattern arrived and going strong!
    • troubleinparadise
    • By troubleinparadise 12th Apr 18, 10:03 AM
    • 1,041 Posts
    • 1,774 Thanks
    troubleinparadise
    • #7
    • 12th Apr 18, 10:03 AM
    • #7
    • 12th Apr 18, 10:03 AM
    OP says Mum has already paid the funeral charge using the overdraft facility.
    • Savvy_Sue
    • By Savvy_Sue 12th Apr 18, 10:13 AM
    • 39,037 Posts
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    Savvy_Sue
    • #8
    • 12th Apr 18, 10:13 AM
    • #8
    • 12th Apr 18, 10:13 AM
    Sorry, misread: funeral costs mentioned twice and I skimmed over the one where she said mum had already paid.

    OK, so there is an urgent need for a Plan B. And NOT telling the bank, whatever her fears, is not a good part of that ...
    Still knitting!
    Completed: 1 adult cardigan, 3 baby jumpers, 3 shawls, 1 sweat band, 3 pairs baby bootees,
    1 Wise Man Knitivity figure + 1 sheep, 2 pairs socks, 2 hats 2 balaclavas for seamen, 1 balaclava for myself ...
    Current projects: Poppies, mohair cardigan pattern arrived and going strong!
    • mm25
    • By mm25 13th Apr 18, 5:34 PM
    • 7 Posts
    • 2 Thanks
    mm25
    • #9
    • 13th Apr 18, 5:34 PM
    • #9
    • 13th Apr 18, 5:34 PM
    Its only a short term problem, once probate has gone through she will be paying in excess of 600k into said bank account (they weren't living hand to mouth as someone has assumed, dads illness and subsequent death came as such a shock they hadn't properly got their affairs in order), but this will take several months

    I really only wanted a yes or no answer, can a bank take away an overdraft facility on a JOINT bank account just because one of the account holders has died?
    • dresdendave
    • By dresdendave 13th Apr 18, 5:45 PM
    • 778 Posts
    • 959 Thanks
    dresdendave
    I really only wanted a yes or no answer, can a bank take away an overdraft facility on a JOINT bank account just because one of the account holders has died?
    Originally posted by mm25
    I believe an OD facility can be withdrawn at any time on most accounts, regardless of whether it's joint or not.
    • Yorkshireman99
    • By Yorkshireman99 13th Apr 18, 5:45 PM
    • 4,511 Posts
    • 3,748 Thanks
    Yorkshireman99
    Its only a short term problem, once probate has gone through she will be paying in excess of 600k into said bank account (they weren't living hand to mouth as someone has assumed, dads illness and subsequent death came as such a shock they hadn't properly got their affairs in order), but this will take several months

    I really only wanted a yes or no answer, can a bank take away an overdraft facility on a JOINT bank account just because one of the account holders has died?
    Originally posted by mm25
    You would have to ask to be certain but overdrafts are usually revocable at will by the bank. The crucial thing to do is be to scrupulously honest with bank. Given what you have said if proof is given there should be no problem.
    • Keep pedalling
    • By Keep pedalling 14th Apr 18, 10:11 AM
    • 5,438 Posts
    • 6,125 Thanks
    Keep pedalling
    Its only a short term problem, once probate has gone through she will be paying in excess of 600k into said bank account (they weren't living hand to mouth as someone has assumed, dads illness and subsequent death came as such a shock they hadn't properly got their affairs in order), but this will take several months

    I really only wanted a yes or no answer, can a bank take away an overdraft facility on a JOINT bank account just because one of the account holders has died?
    Originally posted by mm25
    Once this is sorted and your mother has had some breathing space, she should look at long term financial planning, preferably with an independent financial adviser.
    • Robin9
    • By Robin9 15th Apr 18, 9:07 AM
    • 3,089 Posts
    • 2,035 Thanks
    Robin9
    The first few weeks after a family death are very emotional and there are lots of things that have to happen. Adding money worries is something that you do not want. It takes time for the banks, insurers, pension providers etc to sort themselves out

    It sounds as though your mum only had the joint account to access for funds.

    My wife and I have accounts in addition to a joint account. As many others have seen on this forum this has benefits when a bank decides to suspend/close an account. Second accounts give access to funds while the banks go through their process. Additionally they can give access to emergency funds - as in this instance - when the unexpected happens.
    Never pay on an estimated bill
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