When a depositor dies, the authority of the bank to pay or certify the depositor's checks ends immediately.

Question

Quizplus · Accepted Answer

The authority of the bank to pay or certify the depositor's checks does not end immediately upon the depositor's death. The bank can continue to honor the checks for a certain period, typically 10 days, after being informed of the depositor's death, depending on the jurisdiction and specific bank policies.

When a Depositor Dies, the Authority of the Bank to Pay