A bank account does not disappear at the moment of death. At the same time, not everyone who previously had access may continue using it. What happens depends on the type of account, the relationship with the account holder and the bank's rules.
Report the death to the bank
The bank does not always automatically learn of the death. After notification, it may block an account in the deceased person's name for certain actions. It usually asks for documents before someone can access the estate on its behalf. With a joint account, the other account holder can often continue using it, but that says nothing yet about which part of the balance belongs to the estate. An ordinary power of attorney ends when the person granting it dies.
Check which payments continue
Make a list of direct debits, periodic transfers and income. Some costs remain necessary, such as housing costs and insurance. Other subscriptions can be ended. Do not assume that every payment after the date of death automatically stops or must automatically be reversed. Discuss with the bank which payments are possible in the meantime, including funeral costs.
Keep bank statements around the date of death. They help identify insurance policies, debts and digital subscriptions and determine the size of the estate.
The Inheritance Guide helps make accounts and ongoing payments clear and coordinate contact with the bank.