Electronic banking has made it easier for children to access bank account of late parents?

[Kross]

My friend just lost his mom and there was some money in the mom's bank account. And he knew the authentication details. He just used the bank app and transferred all the funds from the account of his late mom. That's quite easier than having to go to the bank and prove that you are the next of kin.

 

[magnus2022]

Yes! The mobile app have made it easy but it may be against the law because the child that withdraws the money may not be the next of kin. In situation, where the next of kin later went to bank and discovered that fund have been transferred, he can sue the person who do the transaction.

 

[Springtime]

Yes, if s(he) knows the password or other authentication details of the bank account, it is easy to access the bank account.

 

[Min George]

Gone are those days that people have to go through complex bureaucratic process just to access the bank account of their late parents.

 

[eLdavis]

Yes if you have all the details to the account you can easily access it and remove the money before the bank finds out or try to block it.

 

[Fidelia]

That's the reason my mom has told me all her account details for the mobile app and her ATM pin. It is always hard that your late parent has money in account and you are suffering lack.

 

[King Belieal]

I know the atm pins of my mom and grand mom. If anything happens to them, I can easily access the account. That's one advantage of electronic banking.

 

[Kross]

So many people died and left millions in their accounts and their children could not access them when there was no electronic banking.