Can transactions continue on the deceased’s accounts?
When we are notified that an account holder has passed away, a restriction will be placed on the deceased person’s solely owned accounts to prevent any withdrawals (except for funeral expenses). The estate representative should ensure that any direct debit authorities are cancelled on the deceased’s accounts. Deposits may continue to be accepted up until the account is closed. This will be assessed on a case by case basis.
Note: From date of death, all Power of Attorney and Third Party signing authorities are cancelled.