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FAQs / Savings questions

Helping others to handle your affairs

What happens if a customer passes away?

In the unfortunate circumstance a customer passes away, we will aim to make it as easy to handle their affairs with us.

The first thing we will need to do is register the death, to do this please send us an image or a copy of the original death certificate.

If you choose to post an original of the death certificate please use registered post and include an address for us to return the documents.

We will write to the person(s) dealing with the estate to either continue or close the account. If the account is held in joint names it will be transferred to the remaining account holder.

Please see our guide designed to help next of kin.

Death of an investor guide

We are also a member of the Death Notification Service, a free service which allows you to notify a number of banks and building societies of a person’s death, at the same time.

 

Will I need to show a Grant of Probate?

A Grant of Probate will be needed if the customer held more than £20,000 with Paragon.

 

How do I close the account?

If the account is to be closed, once all documentation has been received we will send all balances by cheque.

The interest on the account will be calculated up until the day before the date of death as shown on the death certificate.

Documents

We've collected all our useful documents in one place for your convenience.

Customer reviews

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Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551