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The Financial Services Gap for Lasting Powers of Attorney
Why modern finance needs to catch up with real life Lasting Powers of Attorney (LPAs) have become a central part of financial…
How does Monika work?
Monika is a specialist banking and payments platform used by thousands of clients and their support networks. It is accessible online and…
7 Day Fast Funds Access Service
Our ground-breaking Fast Funds Access Service enables deputies and attorneys to instruct us to access and transfer funds from your client’s personal…
Technical Overview
Monika is hosted by Microsoft’s Azure ™ Cloud Services in the UK South and West regions (London and Bristol) in a fully…
View Balances and Transactions
Within Monika, you can easily view and manage the bank accounts you administer on behalf of your clients.• Access live balances and…
Current Account Switch – A Faster, Smarter Way to Move Client Banking
Switch your client’s existing bank account into Monika in 7 working days, with minimal administrate work from your team. All direct debits and…
We are Trustees of a Personal Injury Trust. Can we switch our current trust account to the Monika platform?
Yes, you can, and its simple to do so. Firstly, we will open a free Personal Injury Trust bank account for the…
Can we use the Current Account Switch Service for bulk deputy account transfers?
Yes, you can transfer your deputy bank accounts to the new bank accounts opened on the Monika platform. If you are a…
How much does setting up a personal injury trust in the UK typically cost?
The cost of setting up a personal injury trust in the UK can vary depending on the complexity of the trust, the type of…
What are the Advantages and Disadvantages of setting up a Personal Injury Trust?
Advantages 1. Protection of Means-Tested Benefits 2. Protection of Assets 3. Flexibility and Control 4. Peace of Mind Disadvantages 1. Costs 2….