Can we use the Current Account Switch Service for bulk deputy account transfers?

Yes. During the process of completing a bulk deputy transfer, you can switch over any existing deputy accounts to a new account opened on our platform.

If you are a professional deputy wishing to use the Monika Banking Platform for this purpose, we have simplified the transfer process for you. Using our unique access to the Current Account Switch Service (CASS), we have engineered the ability to bulk transfer current accounts with ease, so as to make the process as hassle-free as possible.

As with standard current account switches, all inbound payments to the old account will be automatically redirected. At the same time, any existing direct debits/standing orders will also be ported to the new account. Following this, the old account will be closed, and the entire balance transferred into the new one held with ourselves.

This entire process happens within seven working days and is completely free of charge. To discuss arranging bulk deputy transfers, just get in touch and our friendly banking team will be happy to discuss the process and your requirements.

Read an article about how Pay.UK and Money Carer have worked together to develop the Current Account Switch Service, promoting financial inclusion for vulnerable clients.