Next-Generation Banking for
Deputies, Attorneys
and Appointees
Next-Generation Banking for
Deputies, Attorneys,
Appointees and Trustees
Next-Generation
Banking for
Deputies,
Attorneys,
Appointees
and Trustees
Deputy Bank Accounts'
Simple and Free of Charge. Use our new Current Account Switching Service to transfer balances and all inbound and outbound payments in seven days.
Trust Corporation
Bank Accounts
Simple and Free of Charge. Open FSCS protected bank accounts as a Trust Corporation quickly and easily.
Personal Injury Trust Bank Accounts
Simple and Free of Charge. Open FSCS protected bank PI Trust bank accounts as quickly and easily.
Biometric Fingerprint Activated Cards for 'P'
Enable Financial inclusion and promote client Autonomy with our biometric fingerprint-activated cards. No need to remember a PIN Number.
Suspicious Payment Alerts to Fight Fraud
Automated profiling of clients' spending habits by age, diagnosis and personality. Receive suspicious transaction alerts based on client spending profile.
Emergency Payment Vouchers via Email/SMS
Send instant Emergency Payments via our Post Office and PayPoint payment partnerships. Enable clients to withdraw funds from ATMs without a card.
Banking and Case Management Platform Overview
Monika has been designed from top to bottom to cater completely for the unique services that professional deputies, attorneys and corporate appointees provide for their vulnerable clients.
Monika enables solicitor deputies to be compliant with SRA client money rules.
Key Features
- Quick to open deputy bank accounts and money management reporting
- FSCS protection and enhanced fraud detection system
- Access your clients funds within 7 days of us receiving your certified deputyship order/registered LPA via our new Client Funds Access Service. For UK and EU bank accounts
- Unique ‘sweep’ facility to keep balances at agreed level. High or low
- Payments made simple with our bulk faster payment service
- Send emergency payments instantly via emailed bar code or a text message to be redeemed in any Paypoint outlet or ATM machines (without the need for a card)
- Issue carer cards or ‘shared’ carer cards to support/case workers
- Online and Smartphone App access. Global view of all accounts
- Realtime bank statements and reporting
- Fraud alerts system, high and low balance alerts
- Add clients to the Vulnerability Registration Service instantly
Coming Soon
- Time & Fee Recording
- International payments
- Virtual Savings Pots
- Current Account Switching Service
- Open Banking to provide real-time visibility of bank and investment accounts in one place
Monika is hosted by Microsoft’s Azure ™ Cloud Services in the UK South and West regions (London and Bristol) in a fully fault-tolerant configuration.
We understand your frustrations
As an organisation that manages the finances of thousands of vulnerable people across the UK, we understand the everyday practical challenges that face deputies.
From the time spent queuing at high street banks to register documents and open accounts, to being put on hold by utility companies and the DWP – we get it. And so we have targeted our investment in Monika to address the everyday frustrations of being a deputy, attorney or appointee.
Organisations we work with
Key Feature Spotlights
Our New 7 Day Funds Access Service
Sending Emergency Payments
‘Named’ or ‘Shared’ Carer Cards
Key feature spotlight:
Digital Communication with Utility Companies
Money Carer is one of the first organisations to invest in the integration of the new Request to Pay overlay service into our banking and payments platform. We have partnered with Answerpay for this purpose.
