How long do banks take to release money after probate?

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How long do banks take to release money after probate?

Several factors affect the time the banks take to release money from a deceased person’s account after the probate. For example, suppose a report of someone dead needs closure, and probate is required to do the same. Then the bank does not release the money until it receives the probate grant. However, banks don’t require probate to release funds every time. Instead, Bank only does it after documentation.

Once the bank receives the document, the bank releases the funds within two weeks. However, the applicant might take a long time to submit the necessary documents. In such a case, the funds take longer than two weeks to be released.

Therefore, it can take six months or more for the bank to release money when there is a requirement for probate.

Do the banks require probate to release the funds?

As discussed above, banks don’t require probate to release the funds deposited in the deceased account. Therefore, the banks release funds without a Grant of Probate several times more than removing the funds with one.

Probate depends on the financial institution with which the deceased banked. The reason is that different banks specify limits for when the Grant of Probate is required. It is the value of the estate or the assets owned by the deceased on which the requirement of probate depends.

The limits specified by the banks are almost always financial. So, if there is a small deposit in the deceased’s account, there is a reasonable probability there is no requirement for the grant of probate to get the funds released from the particular bank. But if the number of liquid assets deposited in the deceased’s account is more or spread across multiple accounts. Then a bank will demand a Grant of Probate. 

The banks usually take 10-15 days to release the funds when no Grant of Probate is required.

What causes a delay in releasing the funds?

The leading cause that delays the release of funds by the banks is incomplete or missing documents. Therefore, if the banks require a Grant of Probate, the particular financial institution will not release the money until it has been equipped with the same or any other essential documents. 

How long does it take for the executor to distribute probate funds?

Another factor can influence the duration after which the banks will release funds. Once received, probate is whether or not that particular individual is working with an executor for their estate. If they have an executor, releasing funds might be delayed because of the restrictions surrounding the same.

The executor of an estate is not required to release the funds or distribute any estate. Until two months have passed after the death of an individual. But two months have not been long for people to claim the estate. So executors can even take six months until the deceased dies for the estate’s distribution. 

This provides the relatives with plenty of time to come forward and organize the assets. After that, however, the executor determines how long it will take to distribute the estate. So it can be said that it will vary from case to case.


It can be concluded that a bank does not require a Grant of Probate to release funds when a limited amount of money has been deposited in the account of the deceased. But, when the figure exceeds the pre-specified limit, it usually takes the banks 10-15 working days. For releasing the funds once the institution has received all necessary documents for the Grant of Probate. 

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