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    • Heron
    • By Heron 13th Jun 19, 3:19 PM
    • 8Posts
    • 3Thanks
    Heron
    Direct Debits and Frozen account
    • #1
    • 13th Jun 19, 3:19 PM
    Direct Debits and Frozen account 13th Jun 19 at 3:19 PM
    In the event of the death of a partner, the Bank will freeze joint accounts, does this mean that Direct Debits are not honoured?
    Anyone know?
Page 1
    • eskbanker
    • By eskbanker 13th Jun 19, 4:19 PM
    • 11,434 Posts
    • 14,195 Thanks
    eskbanker
    • #2
    • 13th Jun 19, 4:19 PM
    • #2
    • 13th Jun 19, 4:19 PM
    Not sure there's a one-size-fits-all answer to that, which bank is it?
    • xylophone
    • By xylophone 13th Jun 19, 5:03 PM
    • 31,458 Posts
    • 19,493 Thanks
    xylophone
    • #3
    • 13th Jun 19, 5:03 PM
    • #3
    • 13th Jun 19, 5:03 PM
    In the event of the death of a partner, the Bank will freeze joint accounts, does this mean that Direct Debits are not honoured?
    Anyone know?
    They don't freeze joint accounts - one reason that spouses choose joint accounts is to keep continuity of household DDs.

    https://www.moneyadviceservice.org.uk/en/articles/dealing-with-finances-and-insurance-after-your-partner-dies
    • IanManc
    • By IanManc 13th Jun 19, 5:25 PM
    • 909 Posts
    • 1,687 Thanks
    IanManc
    • #4
    • 13th Jun 19, 5:25 PM
    • #4
    • 13th Jun 19, 5:25 PM
    They don't freeze joint accounts - one reason that spouses choose joint accounts is to keep continuity of household DDs.
    Originally posted by xylophone
    Exactly.

    No they don't freeze joint accounts, and the money in a joint account passes to the survivor under the survivorship rules rather than passing as part of the deceased's estate.

    They're an ideal vehicle for spouses who trust each other particularly because they don't get frozen on the death of one party, and the survivor can continue to use the account.
    • jonesMUFCforever
    • By jonesMUFCforever 13th Jun 19, 5:26 PM
    • 26,124 Posts
    • 13,285 Thanks
    jonesMUFCforever
    • #5
    • 13th Jun 19, 5:26 PM
    • #5
    • 13th Jun 19, 5:26 PM
    They will freeze a joint account if it was overdrawn when they were informed of the death.
    What goes around - comes around
    give lots and you will always receive lots
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