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Hsbc Bereavement Closure Form

Hsbc Bereavement Closure Form

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what happens to money in your bank account after you pass away if the account is in your name and you have not named a payable on death beneficiary on the account the bank is going to freeze the assets in the account and the assets can only be distributed to someone pursuant to a court order here are the two ways the bank is going to find out that you've passed away typically one is through the government if you receive any sort of government benefits and a check is made or a deposit is made after you've passed away that government agency is going to send a notification to the bank hey she passed away on this date please send us back x amount of dollars and the second way is your people some family member is going to go to the bank at some point and maybe even have a death certificate and ask to get the money in the account and that's kind of the situation where the bank's like no we're not cutting a check however thanks for letting us know she&a

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