Can heirs withdraw funds before the inheritance is declared? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can heirs withdraw funds before the inheritance is declared?

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

Do not rely on an old card or power of attorney to withdraw the deceased's funds.

The bank requires proof of legal standing before disbursing the heirs' share, and there may be special procedures for specific expenses or cases; consult the bank instead of acting on your own.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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