Can I withdraw money from a deceased relative?
What if there is no will? If you don’t know anything about estates or have questions, you need to ask yourself. We will tell you how to do this at the end of the article.
But if, for example, you determine that a deceased relative kept the money and it is now yours, you need to manage it wisely to avoid problems in the future.
Elena's sister died. She had been battling illness for a long philippine whatsapp number time and had no time or energy to make a will. Instead, shortly before her death, a relative gave Elena the password to the bank card where all her savings were held.
After the doctor records the death, Elena decides to take the money from the card to organize the funeral.
Did Elena do the right thing?
No. It is impossible to freely dispose of the deceased's money.
The fact is that the bank received information about the death of the money owner. The system will block any financial transactions. However, it takes time to process the data, so funds in the account will remain available for a short period of time.
People often know the PIN of their relative's card. That's why people are eager to go to the nearest ATM: to get money to organize a funeral or to put it in their pocket.
