Saving - How do banks know you are dead? Do they follow up with next of kin? | Kenya Business Discussion Forum
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Saving How do banks know you are dead? Do they follow up with next of kin?

Discussion in 'Saving & Investment Plans' started by Jane, Sep 10, 2017.

  1. Jane

    Jane Founder Member

    How do banks know uv died and immediately block your account??? Don't tell me kuna mtu kazi yake ni kuangalia tuu guys who are dying aki[​IMG][​IMG]I ask this coz my friends mom died 5yrs ago and she knew the password to her account only to go and withdraw pesa ya matanga and shock on her...they later gave her 46k only after kufuatilia which we believed it was more since she could access the account..they refused to give a statement...and that was it.., how are you sure that your money is safe and in the right hands after ur dead??? And if uv written ur daughter/son as your next of kin, and they are 7yrs of age, do you trust after 13yrs after ur dead they will access that money??? Please let's educate each other coz personally both my parents died when I was 4yrs and av never known or even been told if they ever owned any account[​IMG][​IMG][​IMG][​IMG]...do banks do follow-up with the next of kins?? Do they call someone and tell them 20yrs ago kuna pesa uliachiwa????? [​IMG][​IMG][​IMG]
     

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