banks

Querist : Anonymous (Querist) 22 December 2010 This query is : Resolved
hi
Can we remove money from the ATM card is the owner the card dies

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Advocate. Arunagiri (Expert) 22 December 2010
No. Once the account holder dies, no body can operate the bank account. Can/Should not use ATM card.

Guest (Expert) 22 December 2010
You can do it by obtaining Bank's permission.

Devajyoti Barman (Expert) 22 December 2010
No as that would be crimnal breach of trust.

Y V Vishweshwar Rao (Expert) 22 December 2010
I agree with Mr Barman

Using Card of other person amounts to impersonation (if not permitted ) and after the death of the Card Holder it is gross misuse by unauthorized person- using the deceased person property/assets - in the name of dead person !

R.Ramachandran (Expert) 23 December 2010
I entirely agree with the very clear views of the experts here.
Further, in all the banks a minimum balance has to be left. In most of the cases the minimum amount is Rs. 10000/-. For getting that account closed and for getting the Rs. 10000/- one has to produce death certificate of the deceased and legal heir certificate. From such records, it would come to light that money has been withdrawn after the death of the person. This will lead to complications and aforesaid legal actions for criminal misappropriation and impersonation etc.
THUS THE ATM CARD OF THE DECEASED PERSON SHOULD NOT BE USED BY ANYONE TO WITHDRAW THE MONEY FROM THE BANK ACCOUNT, UNLESS IT IS A JOINT ACCOUNT.

Parthasarathi Loganathan (Expert) 25 December 2010
Even in the case of Joint or E/S account, the same has to be informed to the bank concerned to mark the deceased status of one of the account holders and seek permission to operate the ATM card by the survivor.

Kirti Kar Tripathi (Expert) 26 December 2010
i agree with experts.

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