wazua Fri, Nov 15, 2024
Welcome Guest Search | Active Topics | Log In | Register

Accessing someone's funds
Options
Previous Topic · Next Topic
deadpoet
#1 Posted : Thursday, August 02, 2012 8:56:38 AM
Rank: Member


Joined: 9/27/2006
Posts: 503
The (single) parent of somebody I know is incapacitated and has been in hospital this past week. The daughter has some funds, but won't be able to cover all the medical expenses by herself.

How would it be possible for her to access her parent's bank account? She can get a letter from the hospital describing the state of the parent. Would that be all that would be required?
Back to top
 Report Abusive | Report SPAM
Wendz
#2 Posted : Thursday, August 02, 2012 9:39:40 AM
Rank: Elder


Joined: 6/19/2008
Posts: 4,268
deadpoet wrote:
The (single) parent of somebody I know is incapacitated and has been in hospital this past week. The daughter has some funds, but won't be able to cover all the medical expenses by herself.

How would it be possible for her to access her parent's bank account? She can get a letter from the hospital describing the state of the parent. Would that be all that would be required?


I bet it depends on the bank itself. Why doesnt she go to the bank and explain her situation then they can tell her what they require. I bet she'd have to prove her relationship with her.

Am sure there are many bankers on Wazua and should be able to assist with requirements in different banks...

Someone help out... we just could need this info in future too.
Back to top
 Report Abusive | Report SPAM
bwenyenye
#3 Posted : Thursday, August 02, 2012 10:00:24 AM
Rank: Elder


Joined: 5/24/2007
Posts: 1,805
Sorry to say this but the moment the bank knows that she is indisposed, normally the first reaction is to put the account on alert. So if she can get the ATM and PIN, it is the easiest route. If not then they have to visit the bank but banks are a tad slow to release money out of someones account to another person.
I Think Therefore I Am
Back to top
 Report Abusive | Report SPAM
mkeiyd
#4 Posted : Thursday, August 02, 2012 10:12:42 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 1,182
bwenyenye wrote:
Sorry to say this but the moment the bank knows that she is indisposed, normally the first reaction is to put the account on alert. So if she can get the ATM and PIN, it is the easiest route. If not then they have to visit the bank but banks are a tad slow to release money out of someones account to another person.


I think so too and liking that Peter Kenneth quote!
Back to top
 Report Abusive | Report SPAM
deadpoet
#5 Posted : Thursday, August 02, 2012 10:50:15 AM
Rank: Member


Joined: 9/27/2006
Posts: 503
Thanks wazuans, will pass this info along. She probably has the ATM card already but might not know the PIN - will ask.
Back to top
 Report Abusive | Report SPAM
mamu
#6 Posted : Friday, August 03, 2012 11:16:26 AM
Rank: Hello


Joined: 4/19/2012
Posts: 9

she will have to go to a lawyer who will file a case for her under the mental health Act.

Once the Court gives an order, she can then approach the bank and get the money.

otherwise it is unlawful for banks to release money to a third party.
Back to top
 Report Abusive | Report SPAM
TiggerTiggy
#7 Posted : Friday, August 03, 2012 11:37:54 AM
Rank: Veteran


Joined: 10/13/2011
Posts: 660
mamu wrote:

she will have to go to a lawyer who will file a case for her under the mental health Act.

Once the Court gives an order, she can then approach the bank and get the money.

otherwise it is unlawful for banks to release money to a third party.

even for a non mental health issue eg road accident, heart attack?
Back to top
 Report Abusive | Report SPAM
xyzee
#8 Posted : Friday, August 03, 2012 4:57:05 PM
Rank: Veteran


Joined: 1/9/2009
Posts: 1,262
1. the patient can write a letter to the bank accompanied by a letter from a registered doctor.
2. If the patient is not in a state to sign, a registered doctors letter to the bank will work.

In both cases the bank will issue a bankers cheque directly to the hospital (No Cash). In most cases the bank sends the physical cheque directly to the hospital/doctor and not through the 3rd party.

The Hospital will sign an indemnity confirming the transaction and the circumstances sorrounding it upon receipt of the cheque.

In this case should the customer dispute the transaction in future the bank will have grounds to demand a refund from the hospital.

Let your friend go to the customer service desk for assistance.
Back to top
 Report Abusive | Report SPAM | Edit by user: Friday, August 03, 2012 4:58 PM | Reason: Not specified
xyzee
#9 Posted : Friday, August 03, 2012 5:05:03 PM
Rank: Veteran


Joined: 1/9/2009
Posts: 1,262
bwenyenye wrote:
Sorry to say this but the moment the bank knows that she is indisposed, normally the first reaction is to put the account on alert. So if she can get the ATM and PIN, it is the easiest route. If not then they have to visit the bank but banks are a tad slow to release money out of someones account to another person.


Banks monitor suspicious transactions e.g. multiple maximum limit ATM withdrawals. And if you are caught withdrawing money from somebody's account it is treated as theaft/fraud.

remember they have CCTV footage of all transctions
Back to top
 Report Abusive | Report SPAM | Edit by user: Friday, August 03, 2012 5:06 PM | Reason: Not specified
deadpoet
#10 Posted : Wednesday, August 08, 2012 4:20:02 PM
Rank: Member


Joined: 9/27/2006
Posts: 503
@bwenyenye was correct,

Just got word that all the bank can do is put some kind of hold on her parent's account, so that nothing can be withdrawn or processed...
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Club SK Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.