What happens to bank account when someone dies? Closing a bank account after someone dies The bank will freeze the account. The executor or administrator will need to ask for the funds to be released at the time it takes to do this will vary depending on the amount of money in the account. Can Irvine Probate Law help my family with a home in the 92617 zip code? Yes, Our Irvine Probate Attorney can help you, call us today!