How do I settle and close the deceased’s accounts?
- If the account was only held in the name of the deceased, Beyond Bank will stop all access to the account/s (cancel cards, cheque books and direct debits).
- All person’s access including any Power of Attorney’s or Signatory’s access will cease at death and will be removed from the deceased account/s.
- If there are any recurring direct credits or debits on the account you’ll need to contact these individual organisations to notify them.
- If the account is a Joint account the account can continue to be operated by the surviving owner.
- If the loan is a Single loan it will need to be paid out upon settlement of the estate. If there is any difficulty meeting the contractual obligations of the loan you will need to discuss future arrangements with us.
- If the loan is a Joint loan the repayments will need to continue to be made. If there is any difficulty meeting the contractual obligations of the loan you will need to discuss future arrangements with us.
We're here to help you through the process. You can learn more about our Deceased Estates process and get assistance by clicking here.
https://www.beyondbank.com.au/need-help/how-do-i-settle-and-close-the-deceaseds-accounts
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