Cease debit orders on deceased’s bank account
Cease debit orders on deceased’s bank account
Find out which debit orders go off the deceased’s bank account, including municipal accounts, cell phone contracts, medical aid, insurance policies, etc. You will need to contact the companies to stop the debit orders from going off the account unnecessarily.
Why do the banks freeze the deceased’s bank account?
On notification of the deceased’s death, the banks will freeze all accounts belonging to the deceased, including the joint accounts of a couple married in community of property.
The banks are required by law to freeze the accounts because they form part of the deceased’s estate.
The banks also freeze the accounts to prevent fraud, as there is a high risk that someone may try to access the deceased’s account.