On Wednesday, a draft amendment to banking law was published on the pages of the Government Legislation Center. The proposal of new regulations prepared by the Ministry of Finance concerns banks’ behavior in the event of a client’s death.
The bank will check if you are alive. The new law will reveal forgotten money after the dead
“In accordance with the proposed provision, up to 5 years from the date of the last order regarding the account conducted on the basis of a contract (…), The bank will be obliged to apply to the minister competent for computerization about providing data from the PESEL register enabling whether the account holder is alive, and in the case of his death – the date of death. (..) It is proposed that banks have a duty to obtain information about the date of death of customers directly from the PESEL register, which will allow you to quickly close the so -called +dormant bills+. Therefore, the heirs will get information about the accumulated funds faster and the risk of payments to unauthorized persons will be limited, “it was said in the justification to the project.
New regulations: a five -year inactivity period calculated from the last customer’s actions, regardless of the number of accounts
As proposed by the Ministry of Finance, if the customer in a given bank had more than one account, then The period of five years has been from the last disposition regarding the customer’s accounts. The proposed regulations also refer to the situation when the account of keeping the account has expired and the customer did not leave the payment of funds.
“(…) at 3 months from the date of expiry of the bank account agreement, (…) concluded for a definite period, in the absence of prior disposal of the payment of cash, the bank is obliged to apply to the minister competent for computerization about the disclosure of data from the PESEL register enabling determining whether the account holder is alive, and in the case of his death – the date of death” – the date of death was written. “
New regulations: the heir will get data on the accounts of the deceased, even if they were previously closed
The designed regulation contains a provision that indicates the scope of information provided by the bank to the bank account holderwho is a natural person, a person who obtained a legal title to inheritance after the account holder, and the successor manager. The Ministry of Finance emphasized in the justification that in the current legal status it was difficult to “perform the obligation to provide information against previously closed accounts than the maximum periods of storage of accounts resulting from the currently applicable law.”
Simplified procedure: Banks exempt from the information obligation in the case of old, extinct bills
“The (…) procedure for providing collective information by the bank, which consists in releasing banks from the provision of collective information in relation to bank account agreements, the owner of the terminated or extinct, in which, resulting from separate provisions, the appropriate period required for storing by the Bank related to these agreements information related to these contracts, has already been released.
The draft also includes changes in the Act on population recordsthanks to which banks will be informed not only about the fact of the customer’s death, as it is today, but also about the date of the customer’s death.
The planned act is to come into force after 14 days from the date of its announcement.
