Notify the Banks FAQs
I want to use Settld on behalf of the next of kin – is this possible?
Yes. The Settld form will ask for consent from the next of kin. They will be asked to sign a short form, saying that they are happy for you to act on their behalf. Settld will not be able to notify any companies, without this information.
What if there is no will – can I still use Settld?
Yes. However, if there is no will, most banks will ask a “Next of Kin” to act on behalf of the person who died. Please check who the immediate next of kin should be here, as per the rules of Intestacy.
What will happen to joint and sole bank accounts?
For the vast majority of banks, sole accounts are frozen and closed. Joint accounts are transferred into a sole account, under the name of the living account holder.
Do I need the account number and sort code to use Settld?
This information is not mandatory, but does speed up the process for Banks if you have it to hand. We do need the deceased’s full name, their registered address on the account, and their date of birth.