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Home / Finance / Banking / Can Nominee Withdraw Money By a Cheque Signed by Account Holder After the Death of the Account Holder Partly Amount of Balance?
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Can Nominee Withdraw Money By a Cheque Signed by Account Holder After the Death of the Account Holder Partly Amount of Balance?

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0 2024-07-17T23:37:37+00:00
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No, a nominee cannot withdraw money by a cheque signed by the account holder after their death. Once the account holder dies, their account is typically frozen, and all previously issued cheques become invalid. The nominee's role is to claim the balance as per the bank's process, which usually involves submitting the death certificate and completing other formalities. The nominee may then receive the funds directly from the bank, but they cannot use cheques signed by the deceased account holder to withdraw money.

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