The Current Account Switching Service
The Current Account
Switching Service
Current Account
Switch Service
The Current Account Switching Service in the UK allows individuals to switch their bank accounts from one provider to another. Here are some key features of The Current Account Switching Service that will benefit our clients:
Reduced Time Frames
Reduced time frames means quicker appointment for adults in vulnerable circumstances.
Benefits Automatically Allocated
Benefits will be automatically allocated to our accounts meaning no 6-8 week time frame with the DWP.
Standing Orders Move Over
Standing order will move over, meaning that care cost services and rent will transition into the new account unaltered. This will prevent arrears.
Non DWP Benefits Transferred
Non DWP benefits such as private pensions are transferred in the switch enabling us as the appointee to give vulnerable adults access to funds that they would otherwise struggle to utilise.
- The Current Account Switching Service will be used for clients that have the capacity to agree to the change.
- For clients who are deemed to lack capacity, we may require a decision specific mental capacity assessment surrounding The Current Account Switching Service.
- If a client is deemed to lack decision specific capacity, we would require a Best Interest decision.
The standard DWP wait time for an appointee to take place is 6-8 weeks due to high demand. This does not include the wait time for billing companies to action or understand our appointeeship and give us access to begin setting up direct debits. The Current Account Switching Service takes 7 working days to complete the switch. The benefits of this reduced time frame are very clear when considering a vulnerable adult.
