Paying urgent expenses
Over the coming weeks, you may need to deal with funeral arrangements, arrange legal paperwork or even pay additional bills.
We can use the remaining credit balance (once we have settled any outstanding debts/loans) to pay the following expenses:
- Funeral bills – we’ll require either an estimate invoice for a deposit or a full and final invoice for the full funeral expense
- Inheritance tax
Taking money out of a joint account
As long as you’re one of the named account holders, you can take money from a joint account. All accounts and stationery are amended to the surviving party, which should allow the account to continue running as normal.
Standing orders and Direct Debits
For all sole accounts, any Direct Debits or standing orders are cancelled. For any joint accounts, the payments continue but we recommend you review each one to ensure they still need to continue.
We’ll notify our mortgage department who will then be in touch to discuss next steps.
Outstanding loans and overdrafts
If there’s a loan or overdraft with an outstanding amount held in the sole name of the deceased, we’ll use any available credit balances held by them to pay the balance. Please note, should the balance remain outstanding after 10 weeks from notification, we’ll enlist the help of our probate agent Phillips & Cohen (UK) Ltd, to work with you to settle the outstanding balance of the accounts.
Where a loan is protected we’ll complete the claim against the protection held on your behalf. If a loan or overdraft is held in joint names, responsibility for the outstanding amount will pass to the surviving party/authorities. You can arrange a further appointment to discuss the affordability of the loan or to pay the remaining balance in full by contacting our Customer Services team.
We’ll contact Barclaycard on your behalf. They will then be in touch to discuss next steps.