Suppose a person suffers from a terminal illness and cashes out 1 million through N credit cards in his name before he dies. How will the bank deal with this debt after his death? If you have money, you will deduct the money, but if you don’t have money, you will freeze it

Faced with a huge overdue amount of 1 million, the bank will not just admit that it is unlucky. For such bad debts, banks will take different measures to collect them based on the actual situation.

For bank debts left after the death of the deceased, first, the bank will automatically deduct the money. If a customer sets up the automatic repayment function when using a credit card and binds the credit card to other debit cards or third-party mobile payment, then on the repayment date, the bank will automatically deduct the corresponding amount from the bound account.

But for premeditated cash-outs, customers will not leave an account with a balance waiting for the bank to deduct money. This approach makes little sense for our hypothetical situation.

Secondly, the bank can freeze the relevant assets of the cardholder for repayment. If a person overdrafts his credit card limit by RMB 1 million and has not repaid the loan by the due date, the bank will definitely take action.

If the card is overdue for more than one month, the bank can take the cardholder to court at any time and apply to the court for property preservation. If the court determines that the situation is true, the court will freeze the account in the cardholder's name regardless of whether the cardholder dies.

This is not limited to freezing bank deposits, but also includes third-party mobile payments, stocks, funds and other related financial accounts, as well as movable and real estate in the name of the cardholder. Later, during the court execution stage, these assets will also be auctioned by the court to repay the bank's debt. Will it become an inheritance after cashing out? The heir directly becomes a debtor

Since it is no longer possible to keep money alone, some people have begun to "find another way." If all the cardholder's accounts have no balance and he has transferred all his property to his heirs before his death, does this mean that he does not need to repay the money?

Of course not. According to the relevant provisions of the Civil Code, heirs must bear corresponding debt repayment responsibilities while inheriting the deceased's estate. The debts borne by the heir here refer to the debts within the scope of his inheritance.

For example, in our hypothetical scenario, if this customer passes away and leaves all his inheritance of 1 million to his children, then the bank can require his children to repay a debt of 1 million.

If the child only inherits 300,000 yuan in property, the bank can only require the child to repay 300,000 yuan of the debt, and the remaining 700,000 yuan cannot be required to be repaid by the heirs. Therefore, if you want to leave the cashed-out money to your lover or children in this way, you should give up this idea as soon as possible, otherwise, the heirs will directly become debtors. What to do if there is a malicious overdraft? The flow of funds is the key

But there is also an extreme situation, that is, if a person maliciously overdrafts his credit card, and after the overdraft, transfers all the property in his name, leaving him with no money in his name. execution-related assets.

For example, he transfers the property in his name to others through hiding, low-price transfer, etc., or allows his children to obtain the property through non-inheritance means.

If this happens, will the bank be helpless? This may not be the case. Because malicious overdraft of credit cards is a violation of criminal law, banks can report the case to the public security organs, which will open a case for investigation. After the transferred property is verified, the relevant beneficiaries must not only repay the arrears, but also bear criminal liability.

For example, after the deceased cashed out the credit card limit of 1 million, he transferred all of it to his children and used it as payment for their children's house purchase. Once it is verified, the children will not only have to sell the house to repay the loan, but will even bear criminal liability.