Bereavement: Savings accounts

If you want to know details of savings accounts the deceased held at Skipton, we're here to help, but there are some cases when, by law, we can't.

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Getting information about the accounts and balances

We may need to conduct some checks on your identity before we can disclose account information to you. We might be able to perform an electronic search to prove your identity as an alternative to providing original documentation. We’d need your permission first though. Please get in touch on 0345 266 1209 if you’d like to explore this option or to discuss the original documentation required. These checks will not be necessary if you are already a Skipton customer.

If you are named as an executor in the Will we can tell you the account balance(s) and interest due up to the date of death. If there is no Will, this is called being 'intestate'. In this case, we can only give information to certain people. First we speak to the spouse or civil partner, or the solicitor appointed to act on behalf of the estate. If there's no surviving spouse or civil partner, we might be able to deal with adult children or parents.

In order to release the information, we require sight of the original death certificate or original coroner’s interim certificate either in one of our branches or in the post, along with contact details about yourself and confirmation of your relationship in writing.

The post address is:

The Bereavements Team,
Skipton Building Society,
Principal Office,
The Bailey,
Skipton,
BD23 1DN.

How can I withdraw money?

Once we've been told about a death, payments out of a savings account are frozen. Here's what you need to do next.

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Find out what happens to different accounts

If a savings account is held in joint names, it automatically passes to the other account holder (in accordance with our Savings Account Terms and Conditions). If you’re not the other account holder, you’ll need to let us know why you need the information, then we can check what information we’re able to give you, if any.

If the deceased was a trustee on an account, we can’t release information because Trust Accounts don’t form part of their estate. If there are other trustees, we’ll get in touch with them. If there aren’t, the executor may need to seek advice about appointing a replacement.

You can’t transfer accounts into your name if you’re a beneficiary, but you may be able to close the accounts and transfer the money into a new account of your choosing, depending on the terms of the trust.

Under HMRC rules, if the deceased passed away before 6 April 2018 and held an ISA, the account will be transferred to an easy access Estate Management account and interest earned will be taxable.

If they passed away on or after 6 April 2018, the funds are permitted to be within the ISA wrapper for three years from their date of death and will continue to earn tax-free interest. Under the Additional Permitted Subscriptions (APS) scheme, you can transfer your spouse or civil partner’s ISA allowance to you if they pass away.

You can close a Fixed Rate Bond early and get paid the interest that’s built up. Or if you prefer, you can leave it open until it matures. If you keep it open, the account has to be left in the deceased one’s name, however, the title of the account will change to ‘Pers reps of (name) decd’, and you won’t be able to withdraw money (including interest) until the account matures. If a withdrawal before probate is required, this is permitted.

 

Mortgages

Find out what to do if the deceased had held a mortgage with us.

Find out more

Investments

If the deceased held any investments through our financial advice service, here's what to do.

Find out more

Wills & Funeral plans

If the deceased held any legacy products with our trusted partners, here's how to get in touch with them.

Find out more

Speak to us

Call us

Talk to our Bereavement team

Mon-Thurs
8am - 8pm
Fri
8am - 5:30pm
Sat
9am - 12pm

Visit Branch

Visit any of our branches for further information.

Chat to us Online

Speak to our team online via webchat

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