Banks account questions. - Printable Version
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Banks account questions. - [[ForeverAlone]] - 13-08-2024
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?
RE: Banks account questions. - Desmondo - 13-08-2024
Personal account will be suspended immediately once you reported death certificate. Join account will not be affected
RE: Banks account questions. - victortan - 13-08-2024
(13-08-2024, 05:24 PM)[[ForeverAlone]] Wrote: 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?
why u want to deposit money into the dead man account for???
RE: Banks account questions. - [[ForeverAlone]] - 13-08-2024
(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.
RE: Banks account questions. - [[ForeverAlone]] - 13-08-2024
(13-08-2024, 06:00 PM)victortan Wrote: why u want to deposit money into the dead man account for???
got one SGTALKER kor kor claim cannot use liao if the person RIP.
RE: Banks account questions. - WhatDoYouThink! - 13-08-2024
(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
RE: Banks account questions. - Huliwang - 13-08-2024
(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.
RE: Banks account questions. - [[ForeverAlone]] - 13-08-2024
(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.
RE: Banks account questions. - [[ForeverAlone]] - 13-08-2024
(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
RE: Banks account questions. - WhatDoYouThink! - 13-08-2024
(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
That I duno. Anyway it'll be frozen dun think you can deposit
Better change to use a joint account for bill payment
RE: Banks account questions. - Huliwang - 13-08-2024
(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.
RE: Banks account questions. - [[ForeverAlone]] - 13-08-2024
(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
RE: Banks account questions. - Huliwang - 13-08-2024
(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.
RE: Banks account questions. - Cmpunk - 13-08-2024
(13-08-2024, 05:52 PM)Desmondo Wrote: Personal account will be suspended immediately once you reported death certificate. Join account will not be affectedJoint account depends whether is a and account or and &/or account
RE: Banks account questions. - [[ForeverAlone]] - 13-08-2024
(13-08-2024, 06:36 PM)Cmpunk Wrote: Joint account depends whether is a and account or and &/or account
If with parents leh?
RE: Banks account questions. - Cmpunk - 13-08-2024
(13-08-2024, 06:37 PM)[[ForeverAlone]] Wrote: If with parents leh?
If and account they need two to sign if &/or immediately withdraw everything once one of them is dead
RE: Banks account questions. - [[ForeverAlone]] - 13-08-2024
(13-08-2024, 06:40 PM)Cmpunk Wrote: If and account they need two to sign if &/or immediately withdraw everything once one of them is dead
I mean want to use is my name with my mum .
RE: Banks account questions. - Huliwang - 13-08-2024
(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.
RE: Banks account questions. - WhatDoYouThink! - 13-08-2024
Better switch to joint account now then no more worry.
Explain to yr parents the problems with single accounts in a nice way
RE: Banks account questions. - webinarian - 13-08-2024
(13-08-2024, 06:20 PM)[[ForeverAlone]] Wrote: But got one kor kor here claim joint account still can use if one RIP.
One RIP, the account should become a single account for the surviving holder.
I think it this way.
.