1. Obligation to notify the Bank:
After marriage, the spouses the spouses may decide to change their surname by taking the surname of the respective spouse. This change is reflected in the Marriage Act and identification documents such as ID or passport.
Once the identification document has been renewed at the relevant institutions, individuals are required to submit it to the Bank.
Why is this important?
-
The difficulties are avoided during identification process at the time you may be presented at the Bank to perform a specific transaction.
-
You will have no obstacles in obtaining banking products or services once you have submitted your updated identification document to the Bank
2. What happens to Banking products or services?
-
Account and/or deposit
You will remain the sole owner of your personal accounts and deposits opened before the marriage.
-
Loan
You will remain the sole responsible for repaying the debt toward the bank, in the case you have been financed with an Overdraft, Credit, Card or other loan product in your name.
Note: In the case of a pre-marriage agreement, there is specified the marital property regime that the spouses wish to apply for their property, unlike what the law provides.
If you are interested to know more on the Marriage, please refer to the Family Code.