Some services are stopped automatically

The Swedish Tax Agency will inform the bank when a client is deceased. It can take a few days, but as soon as the bank gets the information some things come into effect immediately.

The bank will: 

  • Bock all accounts in the name of the deceased
  • Terminate cards
  • Send capital and interest rate statements to the registered address of the deceased
  • Terminate the internet- and mobile bank service

Automatic payments and money transfers

Any automatic payments or transfers will be stopped as a consequence of the lock down of the account. 

Inventory of the estate 

An inventory of the estate is to be conducted within three month from the date of death. This shall specify the heirs as well as assets and debts. Heirs may conduct the inventory themselves, or let someone else handle it. Most funeral parlours also offer this service. 

When the inventory has been conducted and approved (with a stamp) from the Swedish Tax Agency, the heirs can claim their inheritance. Now, accounts can be terminated and money can be paid out to heirs. 

Paying bills

An estate is often required to pay certain bills within a limited period of time such as rent, insurances, electricity etc.  Expenses that are no longer required should be terminated as soon as possible. Bills in the name of the deceased can be paid with the account of the estate. 

If the decendent has been a customer with us, we can help with the payments from the account of the estate until the inventory of the estate is finalized. However, it is not possible to make any other withdrawals from the account of the deceased before the registration of the inventory and stamped by the Swedish Tax Agency.

Deposit Plusgiro and bankgiro payment notes

Additionally, we deposit Plusgiro and Bankgiro payments to the account of the deceased. We require a bank confirmation, if the account is with another bank.

Provided that the money is deposited directly to the account of the deceased, there is no need for all the heirs to be present, nor for proxies and copies of IDs.

Termination of account

In order to terminate the account and pay out the money to heirs, we need a copy of the inventory of estate, with an official stamp from the Swedish Tax Agency on the first and last page. It must clearly state all heirs and the account with us must be included. 

The account can be terminated in one of our bank offices or by sending us documentation to FOREX Bank. More information regarding the alternatives can be found below. 

FOREX Bank
Svarspost 20576817
831 20 Östersund

How to terminate account in stores

What you need to bring depends on where the money is to be paid:

To an account in the name of the deceased in another bank in Sweden:

  • Registered inventory of estate with official stamp.
  • Account statement showing that the account is in the name of the deceased.

To heirs

  • Registered inventory of estate with official stamp.
  • Any heir that is unable to be present on the closing of the account needs to visit a Forex bank office and fill in a proxy. Only Forex Bank’s own proxy forms are accepted.
  • The proxy holder can visit a Forex Bank elsewhere to identify him/herself and to submit his/her proxy. 

How to terminate account by post

You can download required document from this page or vistit one of our stores to get printoputs. Send in all the required documentation to the following adress. Write ”Frisvar” on the envelope instead of putting a stamp on it, we will cover the cost.

FOREX Bank
Svarspost 20576817
831 20 Östersund

To an account in the name of the deceased in another bank in Sweden:

  • Registered inventory of estate with official stamp.
  • Account statement showing that the account is in the name of the deceased.
  • Filled out termination form.

To heirs:

  • Registered inventory of estate with official stamp.
  • Proxies for heirs that have not signed the termination form. We only accept our own proxy forms that can be downloaded from this page.
  • Account statement from every heirs' bank.
  • Copies of all heirs' id documents.
  • N.B! We can only terminate the account by post as long as the remaining funds in the estate should be shared equally between the heirs.

In some cases, more information may be required. If a Court has ruled that there is a need for an administrator or executor, a copy of the Court order must be enclosed.