Can you have nominees for online banks and online paying sites?

I got interested and tried searching for an answer to your inquisitiveness.I just got this information about Paypal.Will it be any help to you? PayPal will not close your account 'one day'. After 1 year it will become inactive. Eventually, you'll receive an email regarding escheatment, which is a legal requirement, and is meant to help return your money to you. If the money can't be returned to you, it's turned over to the state. PayPal can not and does not 'keep' that money. As an alternative, you can contact PayPal by phone, and as long as you verify that the mailing address on your account is correct, an override can be entered (and noted that you approved it) and a check can be sent out to your address, and the account closed. Wishing you a very happy and peaceful lengthy life with this information. -Bala

Hi mimpi, I don't think any online earnings are giving an opportunity to introduce a nominee. Your point is very much valuable if we can’t access the account then our money will not be useful to our near ones. But we can do something ourselves, not depending on the web sites. Please pass the information to a closed one so that they can access. We have to pass the login details. What do you think?

It's a great idea, and at the same time raises so many questions. As a tendency we tend to ignore it simply because we think that the earnings are low and we join sites keeping the risk at the back of the mind. But then consider these facts. When sites like mylot pay us automatically, we let the amounts accumulate in paypal till it reaches an optimum before we request for payout. Now that can be quite a decent amount!. Then there are other sites where we can do tasks or forex trading where the amounts can be larger and there is no automatic payout. Put all the millions together and that's a huge sum of money which may just be locked, untransacted and unclaimed. Nomination or some form of facility to allow the funds may be one of the solutions. These are drven by unique user ids known only to the user. Hypothetically if I were to get the user id and password and get to withdraw the funds on behalf of somebody, it would still get into the bank account of that person. That's only half the problem solved. I think an option should be given to have an automatic withdrawal to someone we nominate for funds above a certain value , and a non usage of the account of a determined period of time. That's just my suggestion..

thats a thought-provoking question!!i have an online account in only paypal and i dont think they have nominee system there,i think before our end we have to give our username and password to someone else,so that they can access our account.

Hi Mimpi, I have thought of this and instead of breaking my head over this, I intend giving the password and userid to my husband and son.That is my only plan. Appointing nominee for an online site would be too much of a bother for me and I would save myself this hassle.I normally keep all my passwords also in a notebook and keep sharing this information to my husband.Right now my son is too busy to remember all this.

You 're quite right.This is a big problem.