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R2D2
02-28-2006, 05:18 PM
Is it correct that in the event of the death of one of the joint account holders, the bank will IMMEDIATELY freeze the account until everything is sorted. If this true, then what happens about Direct Debit payments for things such as water bills, electricity, telephone, etc.
What is the recommended way to avoid such a situation?

Expert advisor
03-03-2006, 12:34 PM
Please be informed that the bank will freeze the joint account from the moment they are aware of the decease of one of the holders but not the Direct Debit payments which will continue being paid after the decease.

We remain at your disposal to any further question you may have.