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How Do You Recover Money From A Dead Relative Bank Account? - Family (5) - Nairaland

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Re: How Do You Recover Money From A Dead Relative Bank Account? by Drhighchief11: 6:13pm On Jul 03, 2019
onyxo76:
You will need a lawyer to help you apply for a letter of administration from the court to take to the bank, the funds will now be moved into an estate account which can now be accessed by a would be signatory but its a process that can take a while, you will also pay 10 percent of the total amount in the accounts to the state treasury before the letter of administration is released to you
U don't need a lawyer. Go to probate, they will tell u what to do. It involves different stages. It is d next of kin that matters here..

2 Likes

Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 6:17pm On Jul 03, 2019
Get a letter of Administration
Re: How Do You Recover Money From A Dead Relative Bank Account? by henrysam(m): 6:19pm On Jul 03, 2019
You will fisrt write to inform the bank that the guy is dead.
You will submit death certificate both original and photocopy original for sighting.
Then you will get letter of administrator from notary public.
The bank will have to work on these by doing their own investigation.
After they are satisfied you can now be called either to open an account with the bank and the balance on the deseased account will be credited to you.
All these can only be possible if the dead person chose you as next of kin when opening the account initially
Re: How Do You Recover Money From A Dead Relative Bank Account? by emmajew(m): 6:25pm On Jul 03, 2019
First you need to get a Letter of Administration
Then you need to submit it at the bank
After verification, the bank will do the needful
08033726451 if you need legal services in that regards
Re: How Do You Recover Money From A Dead Relative Bank Account? by WildChild00(m): 6:25pm On Jul 03, 2019
Beremx:
If you are not the next of kin then you can't do anything. The only thing you can do is to find out who the next of kin is then he or she should follow up.


Some men sha!! Why won't your wife know your pin? At least she would have been making withdrawals till money finish for account

Smh


Perhaps he never trusted hid wife, when he was alive.
Re: How Do You Recover Money From A Dead Relative Bank Account? by oluwaahmed: 6:28pm On Jul 03, 2019
xynerise:


The wife was saying she doesn't have access to his assets neither the pin to his credit card. She is a bit naive in things like this so I want to get involved too.

The bank won't even answer you if they check and you are not the next of kin. Go with the wife for the inquiry they will tell her but will never tell u.

2 Likes

Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 6:29pm On Jul 03, 2019
Drhighchief11:

U don't need a lawyer. How to probate, they will tell u what to do. It is d next of kin that matters here..
that's all
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 6:31pm On Jul 03, 2019
xynerise:


The wife was saying she doesn't have access to his assets neither the pin to his credit card. She is a bit naive in things like this so I want to get involved too.
Are you sure she wants you involved? Cos all her vague reply simply means she might not want you involved.

1 Like

Re: How Do You Recover Money From A Dead Relative Bank Account? by oluwaahmed: 6:32pm On Jul 03, 2019
henrysam:
You will fisrt write to inform the bank that the guy is dead.
You will submit death certificate both original and photocopy original for sighting.
Then you will get letter of administrator from notary public.
The bank will have to work on these by doing their own investigation.
After they are satisfied you can now be called either to open an account with the bank and the balance on the deseased account will be credited to you.
All these can only be possible if the dead person chose you as next of kin when opening the account initially

bro apply wisdom nau, u sound like a banker or a former one so why u dey tueh tueh? Let him carry his brothers wife to the bank, the bank will handle the rest. This is Nigeria where peeps try to reap from where they did not sow...
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 6:34pm On Jul 03, 2019
When my elder brother died, we couldn't get the atm pin after serious search. I have to come up with the idea of downloading the bank mobile on his phone, I logged into the app and registered with the atm card. I clicked for transfer and an one time password (otp) was sent to his mobile number. I continously used the otp as they were been sent to transfer 680k out of the account. The remaining 200 naira I used it to recharge my line. I was lucky the app registration didn't require physical visit to the bank. I purposely didn't want to mention the bank involved

2 Likes

Re: How Do You Recover Money From A Dead Relative Bank Account? by Jaqenhghar: 6:39pm On Jul 03, 2019
xynerise:


The wife was saying she doesn't have access to his assets neither the pin to his credit card. She is a bit naive in things like this so I want to get involved too.
That might be her undoing. By the time the banks finish with her only a fraction will be left. Try and search maybe he left it in a diary or something.

1 Like

Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 6:40pm On Jul 03, 2019
rawpadgin:
I thought u want to steal from the dead embarassed

Take the along with to any branch of the said bank, make sure she go with a proof of their marriage
go to probate sef not u o, as far as he was married they wont answer you. Let the wife do it. And what do you stand to gain from his property? From her reply she doesnt want you involved.
Re: How Do You Recover Money From A Dead Relative Bank Account? by Jaqenhghar: 6:40pm On Jul 03, 2019
oluwaahmed:


bro apply wisdom nau, u sound like a banker or a former one so why u dey tueh tueh? Let him carry his brothers wife to the bank, the bank will handle the rest. This is Nigeria where peeps try to reap from where they did not sow...
He knows what he is talkig about.
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nsarug80: 6:45pm On Jul 03, 2019
You'll first of all get a death certificate from any recognized hospital & proceed to any media house to publish it in a local tabloid for 21days. Thereafter you'll proceed to the probate registry to get an LOA. Take the LOA to the bank where the account is domiciled to give you statement of account. Take the statement of account back to the probate registry. They'll deduct about 10 percent of the money after which the bank can open an estate account for you.
Note that you mustn't be the next of kin to do this.
Re: How Do You Recover Money From A Dead Relative Bank Account? by shams040(m): 6:50pm On Jul 03, 2019
nlanded:
First go to a probate registry in any high court, request for a letter of inquiry to mandate the bank to give the deceased account balance. This can be given to one or more family members of the deceased on presentation of relevant documents.

After getting the account balance, the probate registry would issue you a letter of administration.

You bring that letter to the bank and proceed to open an estate account linked to the deceased, you or any other family member would be signatories of the account. All you need to open such an account is 5k for a probate registry search.

The funds from the deceased account would be transferred to the estate account and you/family can do whatever you want with the funds.

The bank where I work you can get all the funds within 2 weeks at most.

PS: Funny how people are talking about next of kin and all, it doesnt matter here when it comes to this, the bank doesnt give a damn who you wrote on your account details as your next of kin, all they respect is the letter of administration brought from a probate registry by any family member. Next of kin on paper is just for formalities.

Thanks
Re: How Do You Recover Money From A Dead Relative Bank Account? by SarkinYarki: 6:51pm On Jul 03, 2019
xynerise:


The wife was saying she doesn't have access to his assets neither the pin to his credit card. She is a bit naive in things like this so I want to get involved too.

I know when you get the money you will not give her
Re: How Do You Recover Money From A Dead Relative Bank Account? by SimonRose(m): 6:52pm On Jul 03, 2019
nlanded:
First go to a probate registry in any high court, request for a letter of inquiry to mandate the bank to give the deceased account balance. This can be given to one or more family members of the deceased on presentation of relevant documents.

After getting the account balance, the probate registry would issue you a letter of administration.

You bring that letter to the bank and proceed to open an estate account linked to the deceased, you or any other family member would be signatories of the account. All you need to open such an account is 5k for a probate registry search.

The funds from the deceased account would be transferred to the estate account and you/family can do whatever you want with the funds.

The bank where I work you can get all the funds within 2 weeks at most.

PS: Funny how people are talking about next of kin and all, it doesnt matter here when it comes to this, the bank doesnt give a damn who you wrote on your account details as your next of kin, all they respect is the letter of administration brought from a probate registry by any family member. Next of kin on paper is just for formalities.

Nice one my guy... You too much joor. Very informative and direct to the point. Good job

Re: How Do You Recover Money From A Dead Relative Bank Account? by fineyemi(m): 6:52pm On Jul 03, 2019
All you need is a letter of admin. Infact am presently processing letter of administration for my deceased mum estate.
Re: How Do You Recover Money From A Dead Relative Bank Account? by Oyerinde16(m): 6:53pm On Jul 03, 2019
nlanded:
First go to a probate registry in any high court, request for a letter of inquiry to mandate the bank to give the deceased account balance. This can be given to one or more family members of the deceased on presentation of relevant documents.

After getting the account balance, the probate registry would issue you a letter of administration.

You bring that letter to the bank and proceed to open an estate account linked to the deceased, you or any other family member would be signatories of the account. All you need to open such an account is 5k for a probate registry search.

The funds from the deceased account would be transferred to the estate account and you/family can do whatever you want with the funds.

The bank where I work you can get all the funds within 2 weeks at most.

PS: Funny how people are talking about next of kin and all, it doesnt matter here when it comes to this, the bank doesnt give a damn who you wrote on your account details as your next of kin, all they respect is the letter of administration brought from a probate registry by any family member. Next of kin on paper is just for formalities.
What if the next of kin shows up tomorrow... Like the man son and some useless friends has brought your almighty letter of administration, walahi your bank will pay twice, one to the orinigal next of kin and the other to the scammer letter of administrators.
Re: How Do You Recover Money From A Dead Relative Bank Account? by xynerise: 6:53pm On Jul 03, 2019
SarkinYarki:


I know when you get the money you will not give her

You know nothing. I don't need his money to survive. So STFU
Re: How Do You Recover Money From A Dead Relative Bank Account? by SarkinYarki: 6:55pm On Jul 03, 2019
xynerise:


You know nothing. I don't need his money to survive. So STFU

Okay when the money comes make sure you give them every dime ok
Re: How Do You Recover Money From A Dead Relative Bank Account? by ghide007(m): 6:55pm On Jul 03, 2019
xynerise:
Please guy, before I start chasing shadows trying to recover the money in my late brother's bank account, I would like to know the steps to take. Until his death, he lived in the northern part of Nigeria where the bank is also located.

1. Do I have to travel to his bank location to make necessary procedures or I can do that elsewhere where the bank has a branch?

2. What are the procedures?

Thank you for your assistance

Letters of administration

Re: How Do You Recover Money From A Dead Relative Bank Account? by xynerise: 6:57pm On Jul 03, 2019
SarkinYarki:


Okay when the money comes make sure you give them every dime ok
Smh...

1 Like

Re: How Do You Recover Money From A Dead Relative Bank Account? by alezzy13: 6:58pm On Jul 03, 2019
Every body just dey talk e own

Truth is, it's not a one size fits all. Some bank have stricter policies than others.

Getting the letter of admin is the first step and may take a while to get, depending on the assests

My personal experience

My dad had accounts act 6 banks. Diamond, access (b4 the merger) union, UBA, First bank, unity

With the LOA, Some were relatively straightfoward eg diamond, access,

It was the first generation banks that gave the most stress, esp union bank and first bank. It was only UBA that went smoothly.
Re: How Do You Recover Money From A Dead Relative Bank Account? by Egbi2020: 7:04pm On Jul 03, 2019
onyxo76:
You will need a lawyer to help you apply for a letter of administration from the court to take to the bank, the funds will now be moved into an estate account which can now be accessed by a would be signatory but its a process that can take a while, you will also pay 10 percent of the total amount in the accounts to the state treasury before the letter of administration is released to you


You must not open an estate account the bank can issue a draft in the name of the next of kin as stated in the documents after u obtain court affidavit and letter of administration from probate which the bank will send to the court depending on the instructions on the letter of administration
Re: How Do You Recover Money From A Dead Relative Bank Account? by VicYo(m): 7:06pm On Jul 03, 2019
how is the money we are talkin about self
Re: How Do You Recover Money From A Dead Relative Bank Account? by DaRuud(m): 7:08pm On Jul 03, 2019
xynerise:

Dude, I am doing this for the wife's sake. Don't be a douche
From the way you spelt that word " douche " something tells me you want to swindle the money.
Sannu Mr. Douche
Re: How Do You Recover Money From A Dead Relative Bank Account? by Praktikals(m): 7:12pm On Jul 03, 2019
Beremx:
If you are not the next of kin then you can't do anything. The only thing you can do is to find out who the next of kin is then he or she should follow up.


Some men sha!! Why won't your wife know your pin? At least she would have been making withdrawals till money finish for account

Smh
The wife may not be trustworthy
Re: How Do You Recover Money From A Dead Relative Bank Account? by alezzy13: 7:13pm On Jul 03, 2019
Oyerinde16:

What if the next of kin shows up tomorrow... Like the man son and some useless friends has brought your almighty letter of administration, walahi your bank will pay twice, one to the orinigal next of kin and the other to the scammer letter of administrators.

Well his actually right.

It's the probate court that would decide who will execute the estate and as such grant the LOA to, who may, in some instances, not be the NOK.

If indeed the bank assess the LOA to be genuine but the executors are not explicitly stated as the NOK to the deceased, then it may take time and involve back and forth, but they will pay.

Speaking from experience

1 Like

Re: How Do You Recover Money From A Dead Relative Bank Account? by BIXYBABE: 7:18pm On Jul 03, 2019
wonlasewonimi:
You have to use ayilala
Really
Re: How Do You Recover Money From A Dead Relative Bank Account? by captianfreeman(m): 7:22pm On Jul 03, 2019
There is no need for a lawyer if the following conditions are met.
1. Get the death certificate
2. The next of kin to the account or first child of the decease.

The next of kin or first child of the decease will now take the death certificate to the court, in other to apply for Letter of Administration. It will cost about 50k plus.
Having secured the Letter of Administration, you will now take it the bank involved. From that point on ,you will have unhindered access to the account.
Re: How Do You Recover Money From A Dead Relative Bank Account? by MichaelRJ(m): 7:26pm On Jul 03, 2019
xynerise:
Please guy, before I start chasing shadows trying to recover the money in my late brother's bank account, I would like to know the steps to take. Until his death, he lived in the northern part of Nigeria where the bank is also located.

1. Do I have to travel to his bank location to make necessary procedures or I can do that elsewhere where the bank has a branch?

2. What are the procedures?

Thank you for your assistance





Go to high court! Probate. The state will take 10% of the money, this process will take up to 2 months! But if you meet a lawyer, he will ask for 40 or 50% of the money, this will take up to one more or less

1 Like

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