next how about joint account, if one RIP. I can still use this account?
Banks account questions.
13-08-2024, 05:24 PM
If Single account that owner RIP. Still can use as I deposit the money to it.
next how about joint account, if one RIP. I can still use this account?
next how about joint account, if one RIP. I can still use this account?
13-08-2024, 05:52 PM
Personal account will be suspended immediately once you reported death certificate. Join account will not be affected
13-08-2024, 06:00 PM
13-08-2024, 06:02 PM
(13-08-2024, 05:52 PM)Desmondo Wrote: Personal account will be suspended immediately once you reported death certificate. Join account will not be affected
So Joint Account if one RIP, another one still can use it right?
Only Personal account will be suspended than. Than the money inside ??? I heard need what Will blah blah to claim ??? Lets say is parents single account their one.
13-08-2024, 06:02 PM
13-08-2024, 06:11 PM
(13-08-2024, 06:02 PM)[[ForeverAlone]] Wrote: So Joint Account if one RIP, another one still can use it right?
Only Personal account will be suspended than. Than the money inside ??? I heard need what Will blah blah to claim ??? Lets say is parents single account their one.
Single account will be frozen until the beneficiaries are established
For joint account, better move the money fast to your account if you are the other account holder
If you try to deposit into a dead person's single account, that's highly suspecious
13-08-2024, 06:14 PM
(13-08-2024, 06:02 PM)[[ForeverAlone]] Wrote: So Joint Account if one RIP, another one still can use it right?
Only Personal account will be suspended than. Than the money inside ??? I heard need what Will blah blah to claim ??? Lets say is parents single account their one.
Joint account got 2 types. One is just joint account where all account members must sign than the bank will release the money. The other one is called joint alternate account where just one account member sign can tqke out the money. So if you are preparing to inherit yoyr mother's money, then open a joint alternate account with her The risk if joint alternate account is the money can be stolen if one member is not honest and go draw out all the money wirhout the knowkedge if the other member.
Thinking is difficult, that's why most people judge
Carl Jung
13-08-2024, 06:20 PM
(13-08-2024, 06:14 PM)Huliwang Wrote: Joint account got 2 types. One is just joint account where all account members must sign than the bank will release the money. The other one is called joint alternate account where just one account member sign can tqke out the money. So if you are preparing to inherit yoyr mother's money, then open a joint alternate account with her The risk if joint alternate account is the money can be stolen if one member is not honest and go draw out all the money wirhout the knowkedge if the other member.
But got one kor kor here claim joint account still can use if one RIP.
13-08-2024, 06:22 PM
(13-08-2024, 06:11 PM)WhatDoYouThink! Wrote: Single account will be frozen until the beneficiaries are established
For joint account, better move the money fast to your account if you are the other account holder
If you try to deposit into a dead person's single account, that's highly suspecious
That account is use to pay bill I cannot continue use it to pay bill ? By deposit money inside
13-08-2024, 06:26 PM
13-08-2024, 06:30 PM
(13-08-2024, 06:20 PM)[[ForeverAlone]] Wrote: But got one kor kor here claim joint account still can use if one RIP.
That kor kor is not wrong except that he did not tell you specifically that there are 2 types of joint accounts. You dun have to believe me.
Thinking is difficult, that's why most people judge
Carl Jung
13-08-2024, 06:35 PM
(13-08-2024, 06:26 PM)WhatDoYouThink! Wrote: That I duno. Anyway it'll be frozen dun think you can deposit
Better change to use a joint account for bill payment
Currently is this single account pay bill via giro
If go DBS side pay bill once pay is automatic monthly pay Liao?
Last time need to take giro form PUB application
13-08-2024, 06:36 PM
(13-08-2024, 06:22 PM)[[ForeverAlone]] Wrote: That account is use to pay bill I cannot continue use it to pay bill ? By deposit money inside
I know POSB and DBS cannot because they know the account holder is dead once the dead certificate is reported to the police. As for other banks like foreign ones, i not sure.
Thinking is difficult, that's why most people judge
Carl Jung
13-08-2024, 06:36 PM
13-08-2024, 06:37 PM
13-08-2024, 06:40 PM
13-08-2024, 06:51 PM
13-08-2024, 07:03 PM
(13-08-2024, 06:51 PM)[[ForeverAlone]] Wrote: I mean want to use is my name with my mum .
Knnah, the bank dun care you and your mother or grandfather name lah. All they look is whether the account is joint account or joint alternate account.
If you still dun understand, go Google what is the difference between joint account and joint alternate account. Bongkang.
Thinking is difficult, that's why most people judge
Carl Jung
13-08-2024, 07:04 PM
Better switch to joint account now then no more worry.
Explain to yr parents the problems with single accounts in a nice way
Explain to yr parents the problems with single accounts in a nice way
13-08-2024, 07:10 PM
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