My Mother has passed away.
She had four bank accounts in three different institutions. Three were savings accounts and one was a checking account. All four were in both her name and my name with her as the primary, and interest reported under her SSN. I do not recall if all four accounts are simply joint accounts or also have a specific POD provision to each other. I do know that both our names are on all four accounts, that she was primary and prior to mpm's death I had the ability to add or remove money from them on my own, which I did as necessary.
I have not reported her death to them for two reasons. First, the county has been slow and I have not received her death certificates as of yet, which I believe the banks will want. Next, I am concerned because mom had some accounts set up for recurring autopay charges that are deducted from her checking account. Some of those charges from when she was alive have not come in yet. I am worried that if I notify the bank of her death, they might freeze the accounts and thoise autopay charges will be rejected. At this point I doubt it would hurt her credit, but it would make more work for me tracking and paying her outstanding bills.
Does anyone know (or care to speculate) as to whether the banks might freeze her accounts upon notification of her death, considering I am also on the accounts, may be POD and am very much alive?