₦airaland Forum

"NEXT OF KIN" IS USELESS IN THE BANK

IF YOU DIE TODAY, YOUR "NEXT OF KIN" WILL NOT HAVE ANY ACCESS TO THE MONEY IN YOUR ACCOUNT!!!

So Many Nigerians Think That Their Next Of Kin Is The Automatic Heir To Their Accounts. But The TRUTH Is That If Your Next Of Kin Is Not A Signatory To Your Account, And You Don’t Have A Written Will To Determine That Person’s Legitimacy, The Person Will Not Have Access To That MONEY At All. Your Bank Will Have To Go Through A Process Called A LEGAL PROBATE.

This Probate Period Helps Them Determine Who Gets The MONEY In Your Account. This Is A Very Very Lengthy And Expensive Process. Even After The Whole Process Is DONE, Your FAMILY Will Have To FORFEIT Some Very REASONABLE Amount Of The MONEY For LEGAL FEES.

But If You Want To Avoid This, Simply Request For Your Bank To Give You Something Called A POD Form. POD Stands For "PAYABLE ON DEATH". The Name Of The Person You Fill In That POD Form Will Determine Who Will Get Your MONEY. All The Person Needs To Bring Is A Death Certificate To Get That MONEY Out.

With A POD Form, You Will Save Your FAMILY The Stress Of Going Through All That Lengthy Legal Process And Even Losing Some MONEY To The Law.

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Jokanem:
"NEXT OF KIN" IS USELESS IN THE BANK

IF YOU DIE TODAY, YOUR "NEXT OF KIN" WILL NOT HAVE ANY ACCESS TO THE MONEY IN YOUR ACCOUNT!!!

So Many Nigerians Think That Their Next Of Kin Is The Automatic Heir To Their Accounts. But The TRUTH Is That If Your Next Of Kin Is Not A Signatory To Your Account, And You Don’t Have A Written Will To Determine That Person’s Legitimacy, The Person Will Not Have Access To That MONEY At All. Your Bank Will Have To Go Through A Process Called A LEGAL PROBATE.

This Probate Period Helps Them Determine Who Gets The MONEY In Your Account. This Is A Very Very Lengthy And Expensive Process. Even After The Whole Process Is DONE, Your FAMILY Will Have To FORFEIT Some Very REASONABLE Amount Of The MONEY For LEGAL FEES.

But If You Want To Avoid This, Simply Request For Your Bank To Give You Something Called A POD Form. POD Stands For "PAYABLE ON DEATH". The Name Of The Person You Fill In That POD Form Will Determine Who Will Get Your MONEY. All The Person Needs To Bring Is A Death Certificate To Get That MONEY Out.

With A POD Form, You Will Save Your FAMILY The Stress Of Going Through All That Lengthy Legal Process And Even Losing Some MONEY To The Law.

Can you please mention one bank in Nigeria that issues this POD forms for customers 🙏

Next of kin can't get money from bank. The solution you gave is useless, especially in Nigeria
POD is not legally available in Nigeria.

The best way is to have your wife or husband and at least one child of yours that knows your debit card pin, bank app pin.

Just make sure your child and spouse can be trusted.

jmoore:
Next of kin can't get money from bank. The solution you gave is useless, especially in Nigeria
POD is not legally available in Nigeria.

The best way is to have your wife or husband and at least one child of yours that knows your debit card pin, bank app pin.

Just make sure your child and spouse can be trusted.

Another way round it is to open a joint with your son / wife with the mandate that any one of you can sign to collect money. At death, the living (wife/son) can have access to the money in the account pending the formalisation of the letter of administration. The downside is if you have a bad child or a wayward wife, then your money will be wiped out even when you are alive ;DD

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If you have aged parents, just know their bank app pin and ATM pin. That's all you need to know so that whenever they're called to be with the Lord, you won't have any business in their bank.

Same goes for spouses, as you begin to age, your spouse or kids should know your bank app and ATM pin as well.

Nazgul:
If you have aged parents, just know their bank app pin and ATM pin. That's all you need to know so that whenever they're called to be with the Lord, you won't have any business in their bank.

Same goes for spouses, as you begin to age, your spouse or kids should know your bank app and ATM pin as well.

not just age oh. Death can happen at any point in life.