You are here: Home - Saving & Banking - News -

One-stop death notification service launches

0
Written by: Paloma Kubiak
18/06/2018
Bereaved relatives will no longer need to repeat information about the death of a loved one to several financial organisations as a one-stop form has been launched to ease the process.

The free, online Death Notification Service allows the bereaved to notify a number of financial service providers about a loved one passing away.

Around half a million deaths are registered in the UK each year and it’s rare that the deceased have a relationship with just one bank or building society.

As such, the notification service makes the process easier for those who have suffered a bereavement by relieving the stress around repeated notifications.

Currently, six banking groups have signed up to offer the one-step notification service:

  • Barclays PLC, including Barclaycard and Barclays
  • HSBC UK, including First Direct and M&S bank
  • Lloyds Banking Group, including Bank of Scotland, Clerical Medical, Halifax, Lloyds Bank and Scottish Widows
  • Nationwide Building Society, including the mutual, The Mortgage Works and UCB Home Loans Ltd
  • RBS group, including NatWest
  • Santander UK, including Cahoot.

How does it work?

If you’re using the service, you’ll be asked to select the specific brands or institutions which need to be notified. The selected financial institutions will update their records and it will also trigger a one-stop notification across products and brands.

Once completed, notifiers can expect to receive communication from firms subscribing to the services within 10 calendar days.

The service can be used by anyone, including carers, neighbours, professionals, as well as family members.

However, it’s important to note that this service isn’t a replacement or amendment to the ‘Tell Us Once’ service which lets people report a death to government organisations.

Stephen Jones, chief executive of UK Finance, said: “Following the death of a friend or family member, it can be hard to repeat the same conversation with several organisations. The launch of this service is an important milestone in the industry’s commitment to do all it can to provide greater help and support to people during difficult circumstances.”

Follow this link to use the Death Notification Service

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

  • @YourMoneyUK All you need to know about the latest Current Account Switching winners and losers - hats off to Starl… https://t.co/fAyHhplpoP
  • RT @WeareJust_PR: Many people struggling to make ends meet may not realise they are entitled to financial help or find the system too confu…
  • RT @WeareJust_PR: Many people struggling to make ends meet may not realise they are entitled to financial help or find the system too confu…

Read previous post:
help to buy isa
Nottingham Building Society to become second cash Lifetime ISA provider

The Nottingham Building Society is set to launch a cash Lifetime ISA product, making it just the second provider to...

Close