If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Joint accounts question

Upthewalls1 · 2024-02-22 14:03:34

If 2 people have a joint account, not husband and wife, but brother and sister or mother and son, what happens if one passes away? With married people I assume the account just then goes into the remaining persons name but is this the same for other relationships?

22-02-2024 3:03pm

#1

Upthewalls1

Registered Users Posts: 30 ✭

Join Date: November 2018

Posts: 12

If 2 people have a joint account, not husband and wife, but brother and sister or mother and son, what happens if one passes away? With married people I assume the account just then goes into the remaining persons name but is this the same for other relationships?

0

Comments

#2 22-02-2024 3:20pm

coylemj

Registered Users, Registered Users 2 Posts: 25,482 ✭✭✭✭

Join Date: October 2006

Posts: 24992

This Q&A from the Irish Times in 2020 might help. What you said about a married couple appears to be correct - most banks will assume that the survivor is entitled to the money but that will not necessarily be the case if the account holders are not married.
Usual caveat applies - not all of the banks may have the same policy in this area.
Joint accounts: if one of us dies, can the other access the money?
https://www.irishtimes.com/business/personal-finance/joint-accounts-if-one-of-us-dies-can-the-other-access-the-money-1.4262135

0