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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….
What is a Trust?
A trust is a legal arrangement that allows money, property, or other assets to be managed on behalf of someone else. It provides a…
What is a personal injury trust account?
A personal injury trust account in the UK is a special type of bank account used to hold compensation received for a personal injury…
What is a Shared Carers Card?
A shared carers card is a card that has been designated for use by different carers or support workers. This is a…
How To Open an Appointee Bank Account
Opening an account as a DWP appointee on the Monika platform is super simple. Firstly, contact our friendly banking team, who can…
Can you work with my Solicitor or Financial Advisor?
Absolutely. We often suggest that you put us in touch with your solicitor or financial advisor when they are in the process…
Can carers have a shopping card?
Yes, of course. The Money Carer Foundation pioneered the concept and launch of carer cards back in 2012. Issuing cards for carers…
How quickly can I access and take control of my client’s funds?
Once an account is opened, you can switch an existing current account using the Current Account Switch Service, with funds typically accessible…