Automatically frozen until the procedures to claim are done?
How would the banks know that I'm dead ? JPN send them a letter ? Automatic database ?

Your bank account linked to your biometrics. Once your pulse stop it will automatically freeze. Your relative need a court order to unfreeze.

Got example oledi MH370

http://www.straitstimes.com/asia/se-asia/m...h370-passengers

Auto donasi to bijan

if 7years still no people claim then it will go to bank negara's unclaimed money.

Sure bo auto?

Surely ur next of kin will go claim rite.....tat time they will give to next of kin...if u got will then diff story...

That's my question la, note the question mark

When you are dead, your family are needed to submit back your IC to JPN in order to issue Death Certificate.

Once your IC is submitted, JPN will issue notification to Bank Negara to freeze your accounts in their database, and Bank Negara in turn will issue orders to respective banks to freeze all your accounts.
Same goes to your assets. Jabatan Tanah will be notified and your assets will be frozen.

My colleague's wife passed away and didn't inform. For 2 years using her ATM like a boss.

yeah this is it

If she doesn't have any assets under her name, I suppose it is still do-able.

Not recommendable tho.
Cause her identity might be misused since she is not registered "death".
And no one can help her in case crime happened because you can't represent her as you do not have her death certificate.

No la.

Next of kin will have to do it manually. Go to every bank where the acc was opened n show the cert to close the acc. If they know the atm pin most dont bother do it. Just take out the money thru atm if just small amount.

Only if big amount they need to follow procedure. Fill up a form n put down the acc they wish the money to be transferred too. Need to wait a week or so for the acc to be closed n transferred.

This post has been edited by silent_stalker: Sep 2 2017, 09:39 AM

Can buy more handbag and cincin

Need death cert for probate n all the legal work. But once death cert issued, all her assets frozen.

in afterlife, isi borang ID-10t to claim it

Unker... only after you get the perintah from the official, next to kin can transfer the money of deceased.

Bank officer refused to print the bank book statement for us even when we have death certificate.
We can't even check the bank balance in normal situation. Why do you think you can transfer the money in the account?

Save more in cryptocurrency...

Write the wallet address and private key and store it away with wasiat. 😘

The bank will auto transfer the money to you in heaven.

Thats strange. I followed my friend do it. For rhb bank. The bank just need his ic, his birth cert n the deceased death cert. He fill up a form n a week after settle.

The only problem was need to do it at the branch the acc was opened. It was in kuantan. So we went for a little road trip.

If relative claims but 10 years later i survived and suddenly appears back but my money is gone, then can claim back from the bank? Example MH370 case. Suddenly 10 years later they appear but money all missing and got claimed. How if such thing happens?