How Long Can a Deceased Person’s Bank Account Stay Open?
A deceased person’s bank account in the UK is usually frozen as soon as the bank is notified of their death. From this point, no money can be withdrawn (except for certain authorised payments, like funeral costs or estate administration).
The account remains open but inaccessible until:
- A Grant of Probate or Letters of Administration is obtained (if probate is required).
- The bank closes the account and releases funds to the executor or administrator.
What Happens to a Deceased Person’s Bank Account?
1. Joint Accounts
- If the deceased had a joint bank account, the account does not close—it automatically transfers to the surviving account holder.
- The surviving owner can continue using the account as normal.
2. Sole Accounts
- If the account was solely in the deceased’s name, the bank freezes it upon notification of death.
- No one can withdraw money until the legal executor or administrator provides the necessary documents.
3. Small Estates (Without Probate)
- If the total estate value is below the bank’s probate threshold (typically £5,000–£50,000), banks may release funds without probate after reviewing death and identity documents.
4. Large Estates (With Probate)
- If the estate is above the probate threshold, the executor must obtain Grant of Probate (or Letters of Administration if no will exists) before the bank releases funds.
How Long Does It Take to Close a Deceased Person’s Bank Account?
- If no probate is required → The account may be closed within a few weeks once all paperwork is submitted.
- If probate is needed → It typically takes 3 to 6 months, but complex estates can take longer.
Can You Continue Using a Deceased Person’s Bank Account?
No—it is illegal to access or withdraw money from a deceased person's account unless you are the joint account holder or have been granted legal authority through probate. Any unauthorised use could be considered fraud.
How Fraser Bond Can Help
Fraser Bond assists clients with estate administration, probate property sales, and inheritance planning. Whether you need help accessing a deceased person’s funds or handling probate, our experts offer professional guidance.
Need Help Managing an Estate? Contact Fraser Bond Today
Navigating probate and financial matters after a death can be complex. Speak to Fraser Bond’s specialists for expert support with estate and property administration.
