An executor account is an account which allows the executor(s) to gather payments due to the deceased's estate before being distributed to the beneficiaries, such as the proceeds from the sale of a house.
This type of account also allows payments to be made on behalf of the deceased, such as a payment for maintenance of a house belonging to the deceased's estate.
To open an executor account, the applicant will need to have a Grant of Representation (England or Wales) or Confirmation (Scotland).
What steps do I need to take to open an executor account?
Firstly you will need to open an everyday bank account. You can do this online. To apply, you need to be 18+ and a UK resident.
Once the account is open you can complete an Executor(s)/Administrator(s) Account mandate form in order to change the account to an executor account. Once completed, take this in to your local branch with the deceased’s will and the grant of probate/certificate of confirmation (if this isn't obtained yet you can still proceed, but with restrictions on the account), a form of photo identification and proof of address.
If you need to add additional administrators to the account, you can do this with us via our website. Or complete an Add a New Party to Account form and take this in to your local branch.
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