Burner phone sorted, what about bank account & cards ?

[w1a1ex]

Following a recent death in family and witnessing how difficult it's been to collate the"estate"details due to lack of info, the other half is keen that we write down all the accounts, online banking details and card pin codes so that in the unfortunate event, she is not having the same challenges.

Any tips on how to isolate bank account and debit card for getting cash out for punting activities so then not visible before ?

Thanks

[RandomGuy99]

Ummm... have a separate bank account

[w1a1ex]

Already have a personal one though it's an old one so she knows about so would be in the list.

Open new one and hide the cards ?

[WelshClipper]

I withdraw cash for legitimate reasons and just siphon off £20 here and £20 there.

Not foolproof but works for me.

 

[Mackan1]

I just one a month take out £200 and pay it is petty cash for ant month say for fuel, local shops and takeaways if they don’t take card. :-p

[RandomGuy99]

Already have a personal one though it's an old one so she knows about so would be in the list.

Open new one and hide the cards ?

Yes, online only bank statements and you'll have to catch the cards in the post.

[berksboy]

"in the unfortunate event" in that case will you not be dead ? So no problem for you ! And gives her something to talk about at the wake.

[mrwhite]

open a revolut account on your phone
they will send you an ATM card by post

Everything else is done in the app.  Transfer funds from your bank to Revolut then use the Revoult card to withdraw the cash.  Don't add/keep more than enough funds for a punt or two in the account so if the worst happens not a lot is lost.

If you are questioned about it they also do crypto/commodities and shares buying and selling through the app - you can use that as the excuse tat you wanted to make a small gamble on bitcoin for fun. 

It is also a really convenient way of transferring funds to a mate if you owe then a bit of cash - I started using it with some work colleagues as we all used it to pay for works drinks and used to transfer money back and forth to cover the kitty, share of a meal etc.

[w1a1ex]

"in the unfortunate event" in that case will you not be dead ?

The challenge is that we both needing to list all accounts and online credentials so as to minimise post-event admin. So once those written down, nothing stopping her having a look before that eventuality.

Have a old personal account, unfortunately with the same institution we have an old joint account also so my credentials for joint will bring up that old account into view. Will definitely need to close that personal account in case review by her picks up regular cash withdrawals rather than from the actual personal account at the institution we both used now.

you'll have to catch the cards in the post.

Just thinking about that re new accounts - plus additional email address for email comms. Cards by post could be challenge plus random marketing post even if said no to to that. Any one know if there's option to have cards delivered elsewhere ?

[w1a1ex]

open a revolut account on your phone
they will send you an ATM card by post

If you are questioned about it they also do crypto/commodities and shares buying and selling through the app - you can use that as the excuse tat you wanted to make a small gamble on bitcoin for fun. 

Good option

[contentguy]

Following a recent death in family and witnessing how difficult it's been to collate the"estate"details due to lack of info, the other half is keen that we write down all the accounts, online banking details and card pin codes so that in the unfortunate event, she is not having the same challenges.

Any tips on how to isolate bank account and debit card for getting cash out for punting activities so then not visible before ?

Thanks

You can’t (legally) withdraw funds from a deceased account, even if you held power of attorney when they were alive.  POA dies with the deceased.

[MissWolf]

Revolute is a decent option but it can link to a bank account so be careful what you press

Alternatively change some of your spending habits and start taking cash out to buy things, syphon off a tenner or twenty and stash in a suitable place, if you have his and hers cars that's an option for hiding places, inside tool kits etc

[DastardlyDick]

Any one know if there's option to have cards delivered elsewhere ?

The Royal Mail will hold mail for you - costs a bit of money mind.
External Link/Members Only
Or re direct it
External Link/Members Only

[Munter84]

Open a savings account linked to your main bank account. No card, online statements only. When you need cash, withdraw in banch. This of course assumes you have a local bank branch, something that's not guaranteed these days.

One of my old mates would do odd jobs cash-in-hand and that way build up a slush fund for our pub visits, not sure if that's an option?

[Doc Holliday]

Have a old personal account, unfortunately with the same institution we have an old joint account also so my credentials for joint will bring up that old account into view.

She will be able to view any joint accounts, but won't be able to see your personal account, using her access details to the joint account. You would need to give her your access details to view your account. Is that what you intend doing?

After death and as part of probate etc she will get to know about that account, but not before ... unless you allow her prior access.

[FiveKnuckles]

Don't use joint accounts for punting activities.

Share the name of the bank with the other half. Just ensure your full name is correct on the account so they can trace your account.  In the event of a death, the bereavement team have protocols and will only allow transfers after presentation of death certificate (and executors letter).

You're thinking way too far.  if you're in the ground, it doesn't matter.

[Munter84]

Well, I can understand OP's desire to have everything arranged discreetly, not so much for his benefit but to spare his next of kin any undue upset or embarassment. It would be quite the double-whammy for his (future) widow to first lose him, then a couple of weeks later discover his £5000-a year habit at Big Brenda's Massage Parlour.

Just to addend my previous post also, I'm not sure why simply keeping a stash of cash would draw suspicion - compared to all the skullduggery of opening new accounts and having bank cards sent to PO Box addresses and so on. (What happens if you have these secret cards, and punting phone, on you at time of death!?) A couple of hundred a month withdrawn from an ATM could be easily explained away as cash for haircuts, tips when at restaurants because you don't believe electronic tips get fairly shared to the staff, beer money because you like to have a tangible budget so you don't get carried away... you get the idea.

[deg_dilemma]

Get a weekend paper-round job, cash in hand, sorted.

[w1a1ex]

Just to clarify, the challenge isn't discovery after passing away but rather now. As mentioned, she's noticed the hurdles near-family are going thru following a passing to gather info in order to sort out estate. So to avoid that happening to either of us surviving when one of us passes, she's proposed we write down all the info including logins so it's easy in the event. Challenge is once written, she could view account activity while I'm still around to be grilled or slow roasted after being found out.

Burner phone - it's one of the old ones lying around so, in the event, she would simply throw it away assuming it's just been lying around given my hoarding tendencies. I use WhatsApp mainly and access burner phone's WhatsApp on my phone via browser based WhatsApp (web.whatsapp.com)

Cash stash does resolve many challenges and easily explained if found - "completely forgot that was lying around" as she has a stash too to pay cleaner & gardener.

[Doc Holliday]

Just to clarify, the challenge isn't discovery after passing away but rather now. As mentioned, she's noticed the hurdles near-family are going thru following a passing to gather info in order to sort out estate. So to avoid that happening to either of us surviving when one of us passes, she's proposed we write down all the info including logins so it's easy in the event. Challenge is once written, she could view account activity while I'm still around to be grilled or slow roasted after being found out.

You must not access a deceased persons account using their login details. It is illegal and especially serious should you move any money.

You must first notify the bank of the death and provide a certified copy of the death certificate so they can freeze the accounts. The bank will advise you from there, depending on their individual policy.

So she has no need of any login details. Just the account name.

In fact there is no need to even tell her about the account if she doesn't know of its existence. Assuming she knows about the joint account with that institution, then as part of probate etc the bank will inform her or the executor about the other account and it will be closed and any balance ultimately transferred as decided by Probate.

[signy]

So to avoid that happening to either of us surviving when one of us passes, she's proposed we write down all the info including logins so it's easy in the event. Challenge is once written, she could view account activity while I'm still around to be grilled or slow roasted after being found out.

Surely the best way is to agree to this. For extra security, you both put your details in an envelope, secure it and keep it safe (only to be opened in the event of...) with your wills. No point if you are both going to be checking up on it all the time; it will just get lost. Nothing appears whilst you are both still alive.

[Maak]

Many throwaway bank accounts available from online banks.


Open one & keep petty cash for daily expenditures like fuel, punting, car repairs etc

[Bunbury]

HSBC has a Global Account. It’s linked to my main Joint account. I transfer money into for holiday currency. You are issued a card and can withdraw at any ATM.
I symphony money from it on a regular basis.

[mrwhite]

Just to clarify, the challenge isn't discovery after passing away but rather now. As mentioned, she's noticed the hurdles near-family are going thru following a passing to gather info in order to sort out estate. So to avoid that happening to either of us surviving when one of us passes, she's proposed we write down all the info including logins so it's easy in the event. Challenge is once written, she could view account activity while I'm still around to be grilled or slow roasted after being found out.

Really simple -just "forget" about the old account when writing down the details.

Or just risk getting the revolut (or monzo) card sent to your house - it's likely 50-50 that you will get to the mail first, and if not, surely she isn't opening all your mail on the off chance you have opened a punting account.

[southcoastpunter]

as some others have said, you don't need to give each other pins or passwords as in the event of death unless its a joint account, the survivor cannot legally spend anything from that account. so have a joint account that the survivor can access and have some "immediate" money and if they have details of other account, they can contact the bank concerned and start the formal process. If the survivor is not the "executor" they cannot spend any money (other than in a joint account) anyway and certainly not until probate has been obtained (although some banks will allow access to pay certain bills like undertakers etc)

[Spacecowb0y]

We have always had joint accounts. I didn't want the main account being rinsed by online scammers so we opened a revolut account each and keep a float. Hers is by choice £500, mine is closer to £1k
We don't ask each other where the money is spent as cars, shopping, scrounging kids are part of our weekly/monthly equation.
Easy

[morph]

Another way to build the cash stash is adding a bit of cashback where available, only the total shows on the statement, so unless receipts are collected and scrutinised it works well.

[the fitter]

All you punters who seem to have a problem sneaking cash, why not just work with cash all the time to keep it in circulation. then there isn't any way of looking back, and asking questions, all this seems a load of nonsense. And if the other half is living in your pocket like that, time for a change.

[daviemac]

All you punters who seem to have a problem sneaking cash, why not just work with cash all the time to keep it in circulation. then there isn't any way of looking back, and asking questions, all this seems a load of nonsense. And if the other half is living in your pocket like that, time for a change.

I would say what you have posted is the biggest load of nonsense on this thread. How do you get your employer to pay you cash, even benefits are paid straight into the bank. 

[the fitter]

When my money gets paid into my account, I withdraw it in cash as I need it, and pay most of my bills accordingly.

[daviemac]

When my money gets paid into my account, I withdraw it in cash as I need it, and pay most of my bills accordingly.

You actually pay your bills in cash?? how does that work? most things are direct debit these days.

In any case how do the posters on this thread with other half's explain where the cash they have withdraw gone?   

[the fitter]

You actually pay your bills in cash?? how does that work? most things are direct debit these days.

In any case how do the posters on this thread with other half's explain where the cash they have withdraw gone?   

Davie, I said most bills, I have a some Direct Debits, as everybody has, but other than that shopping, train/bus fares, fuel, and everything else is cash, which is the majority of my spending, and within that there is plenty of scope.

[southcoastpunter]

for those with OH's, i would have thought that a change of practice such as that, would attract attention. women are suspicious creatures and she would be wondering "why - what is he trying to hide"!

[starman]

As others have said just siphon off the money £20 here £30 there just to "have a bit of cash".  All in plain sight.  I put mine in an old wallet in a drawer, if found, then ready cash for an emergency if cards get lost or stolen etc.

Has the bereavement prompted this or do you think your OH may have suspicions and the 'difficulty' with the finances an excuse to go through the accounts?  Either way, personally, I would tread carefully and not risk any new accounts as everything is traceable.

[the fitter]

for those with OH's, i would have thought that a change of practice such as that, would attract attention. women are suspicious creatures and she would be wondering "why - what is he trying to hide"!

Excuse, start talking about cash going out of circulation, and you don't want that. But see at the end of the day, most punters will find a way.

[w1a1ex]

Has the bereavement prompted this

Definitely it is just that. Am taking a slow approach to changing any habits etc all the same.

Fortunately there's one complicated joint account, where's it's located and difficult to transact etc so our attention and discussions focused on that and what needs to be done etc to close it etc - so time being consumed on that while my own review of punting setup & decisions thereof being concluded.

Cash certainly is a good option and initiated that. Will see what else might be needed to be put in place.

Useful feedback from many, cheers

[Collingwood]

I have mentioned this before. I think the solution is an Asda travel money card. Because...
You can get one in person from any Asda store with an Fx desk. No posting of cards to home. involved
It works just like any other debit card because it IS a debit card.
You can top up online from another account or with cash in person at Asda.
You can add any currency including GBP.
I have not needed to use mine in the but I can't see a problem doing so. Any contrary views on this ?

External Link/Members Only

[MissWolf]

I have mentioned this before. I think the solution is an Asda travel money card. Because...
You can get one in person from any Asda store with an Fx desk. No posting of cards to home. involved
It works just like any other debit card because it IS a debit card.
You can top up online from another account or with cash in person at Asda.
You can add any currency including GBP.
I have not needed to use mine in the but I can't see a problem doing so. Any contrary views on this ?

External Link/Members Only

If you are going into Asda to top it up using cash why not just squirrel the cash away as that's far more anonymous 

Surely topping up from your normal account leaves a trail 🤔

I'm not sure if you can pay for aw credits with it so it may be used for that

[Xtro]

As others have said just siphon off the money £20 here £30 there just to "have a bit of cash".  All in plain sight.  I put mine in an old wallet in a drawer, if found, then ready cash for an emergency if cards get lost or stolen etc.

Has the bereavement prompted this or do you think your OH may have suspicions and the 'difficulty' with the finances an excuse to go through the accounts?  Either way, personally, I would tread carefully and not risk any new accounts as everything is traceable.

This.

[Williams56]

We have a joint bank account but a I have a couple of credit cards in my name only.

I don't punt often these days, but when I do I take the cash out from the credit card via a bank machine, then pay the money from my bank into the credit card. Should I get asked I'd say I had a bit spare so decided to pay down the cc

[luv2kiss54]

We have a joint bank account but a I have a couple of credit cards in my name only.

I don't punt often these days, but when I do I take the cash out from the credit card via a bank machine, then pay the money from my bank into the credit card. Should I get asked I'd say I had a bit spare so decided to pay down the cc

Taking cash out on a credit card is expensive even if you pay it back quickly. There is an initial charge followed by a daily charge so i wouldnt recommend.

[luv2kiss54]

Reading all these posts.... So pleased im single and dont have these worries, life's complicated enough !

[WelshClipper]

Reading all these posts.... So pleased im single and dont have these worries, life's complicated enough !

Most of us hear you.

The old line is marriage is the most expensive punt you will ever make.

I believe it 

[Watts.E.Dunn]

Most of us hear you.

The old line is marriage is the most expensive punt you will ever make.

I believe it 

Shortest but longest sentence..

" I do"...

[WelshClipper]

Shortest but longest sentence..

" I do"...

 

[kingmg]

Following a recent death in family and witnessing how difficult it's been to collate the"estate"details due to lack of info, the other half is keen that we write down all the accounts, online banking details and card pin codes so that in the unfortunate event, she is not having the same challenges.

Any tips on how to isolate bank account and debit card for getting cash out for punting activities so then not visible before ?

Thanks

monzo or revolute say it's for travelling or buying online overseas in different currencies

[londonhunter008]

I have mentioned this before. I think the solution is an Asda travel money card. Because...
You can get one in person from any Asda store with an Fx desk. No posting of cards to home. involved
It works just like any other debit card because it IS a debit card.
You can top up online from another account or with cash in person at Asda.
You can add any currency including GBP.
I have not needed to use mine in the but I can't see a problem doing so. Any contrary views on this ?

External Link/Members Only

I use combination of
1.  Post Office Travel money card - For online activities...such as booking hotels etc. You can also transfer money there if you travel for holidays and later on use it  for other purpose etc.
2. Cash: There are two ways to withdraw cash. 1. By ATM ( P  and  2. Cash back option while shopping (M&S, Sainsbury etc) You just need to carry your debit card and at the counter along with grocery you can ask some cash back £20-50 It will always come on your bank account as legit shopping.

[Sparky Legs]

We have a joint account but also seperate accounts for “Pocket Money” Got my own card so nothings ever seen and don’t have paper statements coming to the house.