If someone dies suddenly and has $1 million in savings that no one knows about, does the bank notify the family?
The reason why our country has become the world’s largest savings country is that the people in our country are very keen on saving money.The older generation, in particular, has a very strong sense of crisis, believing that a sum of savings is more secure for the future life.As a financial depository institution, the bank takes care of the people’s property and is trusted by the people.Everyone will have their own bank card after adulthood, more or less to the bank for cash deposits and withdrawals of business.For ordinary people, it is too risky to invest their hard-earned money and it is not safe to put it around them. Only the bank is the safest choice.But if a depositor dies unexpectedly after depositing $1 million in the bank, will the bank notify the depositor’s family to collect the money?After the death of the depositor, the Bank will Notify his family members to withdraw the deposit. Mr. Zhao’s father died of illness last year. As the old man left in a hurry, his savings in the bank could not be transferred to his family members in time.It was not until Mr. Zhao sorted out his father’s belongings that he found more than 40,000 yuan in his father’s bankbook.So Mr. Zhao took his passbook and his father’s ID card and found the bank ready to handle the withdrawal procedures.Unexpectedly, the bank staff refused Mr. Zhao’s withdrawal request directly, although Mr. Zhao showed his father’s cremation certificate and withdrawal password, the bank still refused to handle.Zhao was very angry about this. He believed that the bank should have informed the family to dispose of the depositors’ money after their death.What would the bank have done with the money if he hadn’t discovered it in time?Now the bank not only did not tell him to handle the deposit, but also refused to allow him to make withdrawals.Mr. Zhao believes that the bank’s behavior is to take the deposit.After repeated negotiations with no result, Mr. Zhao consulted insiders and went to relevant departments for certification in accordance with the prescribed procedures. After several twists and turns, he finally withdrew the money.This incident shows that after the death of the depositor, no matter he had 10,000 yuan of deposit or 1 million yuan of deposit, the bank will not notify his family to withdraw the deposit.Even if the family members want to withdraw money, they have to go through a very complicated process.It’s not uncommon for older people in the family to die unexpectedly and not have time to account for their savings.The family did not know what bank the old man was in or how much money he had deposited, so why could not the bank inform the family?This is not the fault of the bank. After all, the bank is only responsible for the safety of the customer’s money, not the public security system, and they have no way of knowing about the death of the customer.Secondly, if due to some special reasons, the bank is informed of the death of the customer, but the bank will still not disclose the specific deposit information of the customer to his family.This is because the bank has the duty of confidentiality to every depositor’s deposit and cannot privately disclose the depositor’s information to others.And when the depositor dies, any money he has in the bank, no matter how much, becomes his estate.How the inheritance should be distributed and inherited has nothing to do with the bank, and it will not freely disclose the information of its customer’s money.For whatever reason, when a customer dies, the bank does not notify his family to withdraw his money.As the only son of his father, Mr. Zhao is naturally the first in line of succession and has the right to inherit his father’s estate.But when he took the relevant information to the bank withdrawal, was still refused, this is why?Faced with this situation, the reason for the bank’s refusal is usually that the information is not sufficient.At this time, we need to understand the relevant laws and regulations.According to the circular jointly issued by the Supreme People’s Court, the Supreme People’s Procuratorate, the People’s Bank of China and other relevant departments, there are clear provisions on the payment and transfer procedures of the deposit after the death of the depositor.After the death of the depositor, the rightful heir to the estate must go to the local notary office to notarize his identity as heir and obtain a notary certificate.They may also go to the local people’s court for a certificate of the heir.With these two certificates, you can go to the bank and withdraw money.If the depositor dies without leaving a will and his family does not know how much money the depositor has, the family has to apply to the local people’s court for a ruling.The court will be based on the specific situation, make the corresponding mediation or judgment, by virtue of mediation or judgment, family members can go to the bank for withdrawal procedures.Three, after the death of the depositor, if the deposit is not withdrawn for a long time, how to deal with the death of an old man in the family, but the whereabouts of his deposit before his death is not clear at all, it will cause the situation of no one to withdraw the inheritance for a long time.But if a depositor borrowings money from the bank during his lifetime and the loan is not repaid after his death, his debts will pass to his family.Produce exceed the time limit the circumstance that does not return, the bank still can have special urge personnel, contact family member pay off debt.This is also the cause of many family members’ dissatisfaction. After the death of the elderly, the bank will not notify to withdraw the money, but will collect the debt.If the family members do not know the old man had money in the bank, then these savings, and where to go?Over time, when the account has not been accessed for a long time, the money ends up not in the bank but in the state.Early Preparation It is not logical for young people to make a will as early as possible.But if you’re older, if you have some money in the bank, you need to prepare as early as possible because things are going to change.If you die suddenly without a will, the money you have worked so hard to save could go to waste.Therefore, in order to avoid after death, leave a series of unnecessary troubles to the family members, or need to make a will as soon as possible.When the family members receive the will of the elderly, they should also make relevant preparations, and do not attribute all the responsibility to the bank.A better solution is to reach a consensus between depositors and banks.Conclusion: From the standpoint of the bank, the bank is responsible for the confidentiality of the customer’s property information.From the point of view of family members, it is the ultimate appeal to receive the deceased’s legacy in the most convenient way.However, it is more convenient for savers to make a will as soon as possible if they want to avoid their own savings becoming “ownerless savings” and allow their family members to receive their inheritance more quickly.What do you think of the sudden death of a customer without notifying his family to withdraw his money?