What should I do with a bank account following a death?
It is best for you to let ASB know of the death as soon as possible. Holds will be placed on the deceased’s accounts while the estate matters are arranged and ASB will help you through the next steps.
If the deceased’s personal accounts are held in joint names, the balance usually becomes the property of the surviving persons; in this case a hold will not need to be placed on the accounts and the deceased’s name will be removed from the account.
ASB can provide the proven executors, administrator or Next of Kin with a list of all products and on-going instructions held by us if requested. This includes automatic payment instructions, bank accounts, insurance products, investments and the ASB KiwiSaver scheme.
Accounts held solely in the deceased name will be made available once the closing documents have been received by ASB. The balance will be made available to the proven executors, administrator or Next of Kin of the estate.
For further information, view our online Deceased Estates brochure.
Related Answers
-
Yes you can. If you would like assistance covering the funeral and related expenses using funds from the deceased estate, ...
-
Who ASB may deal with about the bank accounts of a deceased customer will depend on whether the deceased person ...
-
• The death certificate – original or a certified true copy. • A birth or marriage certificate (as applicable) of ...
-
The deceased estates diagram featured here will be able to help you identify what kind of estate you are involved ...
-
A probate document –original or a certified true copy. This is granted through an application to the High Court. In ...
-
Letters of Administration – original or a certified true copy. This will require an application to the High Court. Written ...
-
If your ASB car loan is unsecured, you can make your own payment arrangement directly with the seller, typically via ...
-
If you are a new customer to ASB, you’ll need to provide proof of your identity and residential address. This ...
-
For FastNet Classic online banking users, follow these steps: Log In to FastNet Classic internet banking. Select the loan that ...
-
Yes, however a PIN is not required for internet, mail or telephone order transactions, or for contactless transactions under $200.
