On Tuesday, the government adopted a draft amendment to banking law, which is to simplify and accelerate the service of so -called dormant accounts and facilitate the heirs to access funds accumulated by the dead.
According to the project, after five years from the issuing of the last instruction regarding the bank account or the account of the SKOK member (e.g. transfer order), the financial institution will be obliged to apply for data from the PESEL register.
A new responsibility of the banks
This is to allow determining whether the account owner is still alive, and in the case of his death – obtaining the date of death or the date of finding the corpse.
Thanks to this, banks and cash registers will be able to quickly end the management of inactive accounts, limiting the risk of unauthorized access to funds.
The new regulations are also to facilitate families and heirs to access information on the accounts of the dead. In practice, this means faster and more transparent procedures related to inheritance, without having to search for information in many financial institutions for a long time.
Deregulation package
The announcement emphasized that the draft amendment implements the assumptions of the government's deregulation policy, which aims to limit unnecessary formalities and improving administrative efficiency in the financial sector.
The provisions contained in the draft are to come into force three months from the date of the Act.
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