What happens to a Biscuit joint bank account if one account holder dies?

First, we’d like to offer our sincere condolences – we're so sorry for your loss. If you have a joint account with someone who has passed away, the money passes to you as the surviving account holder. The account isn't frozen and you can carry on using it for a year.

Who gets the money in a Biscuit joint bank account when someone dies?

In England, Wales and Northern Ireland, the money goes to the surviving account holder. This is known as the right of survivorship. Please note that the rules in Scotland may be different.

Is a Biscuit joint bank account frozen when someone dies?

No. You can keep using the account as normal for a year after the other account holder has passed away.

Can I still use the account and my card?

Yes. You can keep using your account and your card for the next year. You will need to close the joint account after one year – we can help you transfer any Direct Debits and standing orders to your Biscuit current account.

Do I need probate?

No, probate is usually not needed for a joint account.

How do I tell Zopa?

You can tell us using our bereavement process. For more information, see ‘What is the bereavement process at Zopa?’

What happens to the Biscuit joint bank account afterwards?

You can't keep a joint account on your own in the long term and it needs to be closed after one year. You can move any regular payments – things like Direct Debits and standing orders – over to your Biscuit current account.  

Does inheritance tax apply?

Their share of the money may count towards their estate. For the latest rules, see the gov.uk guidance on inheritance tax.