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 Standard procedure to get back your $ from Bank, bad experience to get back $(passaway)

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yeeck
post Jul 15 2020, 03:41 PM

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QUOTE(Kyan0411 @ Jul 15 2020, 02:58 PM)
If you already gotten GP, go to bank, they will release money.

Btw, do you have the accounts written down on the iventory list attached together with GP? If you dont have, bankd likely wont release fund until u reamend the inventroy (ie go court again).

This is real life experience. I was having difficulties to obtain account numbers. Some banks even want FD cert number to be on the inventory which is crazy. This is hard to obtain when someone passed away. No one record down the list of FD certs thry have. So what i had to do is to search for physical fd cert and include in inventory. When banks told me some are missing,i had to reamend the inventory.
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Ya that's crazy, considering that the banks already have the depositor's IC number and all accounts related to the IC. As they say banks are bloodsuckers and try to keep the money as long as they possibly can.
yeeck
post Jul 16 2020, 10:11 AM

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QUOTE(Kyan0411 @ Jul 15 2020, 05:29 PM)
The banks are just protecting themselves. In case anything happen, they could be sued for releasing funds wrongly without a correct court document (GP or LA).

But i do get frustrated with some banks. First, they are unwilling to disclose account no if we dont have a GP/LA. After we get GP/LA only they willing to inform the accounts no which are to be included in the inventory. So we need to resubmit to court for amendment.

Also, some banks suck to the max because they said we have to go individual branch to get the account info. Some banks are good to search all accounts for us, but some are just sucks (maybank especially)
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All banks have centralised CRM system which can show what accounts a particular NRIC has with that bank...so to say you need to go to the individual branches is rubbish as it only shows what I claimed earlier, i.e. they want to hold on to your monies as long as they can even though the GP/LA is out for a particular deceased individual.
yeeck
post Jul 17 2020, 01:07 PM

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QUOTE(airtawarian @ Jul 16 2020, 09:44 PM)
So far no issue by bank. All You need is Just to show GP and they will release according to Senarai Aset in the list. Simple and Easy
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Problem is sometimes the senarai aset is not updated by the deceased, especially if it is sudden death. Most probably, the last list included with the will (for those with a will) only contains the bank, properties, vehicles, CDS account, security box details.

This post has been edited by yeeck: Jul 17 2020, 01:11 PM
yeeck
post Jul 17 2020, 02:50 PM

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QUOTE(aspartame @ Jul 17 2020, 01:53 PM)
Ok got it. Just go through lawyers.
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Not exactly, even if you have a will, try to keep your asset inventory list updated. That's what most good will writers recommend so that it will be easier to do asset tracing.

 

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