Does a joint account automatically transfer to the other client after death? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Does a joint account automatically transfer to the other client after death?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Don't assume that.

Key points

  • The impact depends on the calculation method, operating instructions, and the deceased's share.

  • Inform the bank and ask them to specify what the other party can use and what falls under the estate.

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