Deputy
bank accounts
for professionals
The Bank Account for Personal Injury Trusts
List of Features
- Bank Accounts for Personal Injury Trusts account opening in the beneficiaries name in minutes
- FSCS protected deputyship bank accounts to £85.000
- Six-month temporary FSCS protection to £1 million*
- Seven-Day account switching from P’s high street bank account
- All inbound payments transferred (benefits, pensions, awards etc)
- All standing orders and direct debits automatically transferred
- Prepaid Mastercards for P’s personal budget or carer shopping
- Suspicious transaction alerts based on clients spending habits
- Send emergency payment vouchers instantly via email/SMS
- Missed welfare benefit payment alerts
- Automated unclaimed welfare benefits monitoring and alerts
* Six-Month temporary FSCS protection is for high value initial transactions such as compensation payments or property sale procedures etc.
The Bank Account for Personal Injury Trusts
Our easy to open bank accounts for personal injury trusts can be opened in minutes and remove the administrative burdens that professional trustees and intermediaries often experience when trying to open trust management bank accounts.
Our bank accounts for personal injury trusts combine the convenience for trustees to make payments directly from the account with multi-layer authentication and electronic signature options built in. Additionally, trustees also have the added benefit of being able to use the full functionality of our next generation banking platform, Monika.
Our rich payment innovations, security features and extensive reporting capabilities greatly assist trustees with their everyday management and fiduciary responsibilities. The unique financial tools that Monika provides enables trustees to proactively promote the independent autonomy of their clients wherever possible.
This forms part of the reason why the platform has been selected as a Finalist in the Card & Payments Awards 2025 in the Financial Inclusion category.
With zero costs, a superior offering tailored to the needs of trustees, deputies and attorneys, along with unrivalled partner support, Monika is quickly becoming the modern ‘go to’ platform for professional trustees, financial advisors. deputies and DWP appointees with a variety of banking needs.
The sample of features mentioned are just some a snapshot of Monika’s full functionality and our banking teams would be happy to arrange a full demonstration.
To arrange a demo, please contact us and we will be happy to assist you and your team.
