Deputy
bank accounts
for professionals
The Professional Deputy Bank Account
List of Features & Unique Innovations
- Bank accounts opened in the protected parties name in minutes
- FSCS protected deputyship bank accounts to £85.000
- Six-month temporary FSCS protection to £1 million
- Multi-level account access and payment authentication
- 7-Day Current Account Switch Service from existing account
- All inbound payments transferred (benefits, pensions, salary etc)
- All standing orders and direct debits automatically transferred
- Carer Shopping Cards and Client Spending Cards
- Biometric Payment Cards – No PIN Number Required
- Contactless Payment Rings and Bracelets
- Suspicious Payment Alerts based on clients own spending habits
- Send Emergency Payment Vouchers instantly via email/SMS
- Missed Welfare Benefit Payment Alerts
- Automated unclaimed welfare benefits monitoring and alert
- Secure information portal for clients, carers, case managers
- Smartphone app – support clients, case managers and carers
- Entry onto the Vulnerability Registration Service database
Deputyship Bank Accounts
Opening an FSCS protected Deputyship Bank Account, when you have received your court of protection order, is simple on the Monika Banking Platform.
Monika provides professional deputies with the most advanced banking service available to serve the needs of their vulnerable clients, whist significantly reducing operational costs for court of protection teams.
Example: Learn more about how our Current Account Switch Service will enable you to access P’s funds in seven working days.
Our next generation deputy bank accounts, and the innovations provided on the Monika Banking Platform, are a collaboration with our longstanding partnership with Zempler Bank, enabling the deputy to support their clients proactively and to promote their individual autonomy using the unique financial management tools provided.
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.
Additionally, as our bank accounts and innovation services are provided without charge to our professional legal and local authority partners, Monika is quite simply, light years ahead of high street banks who provide very limited and hard to access deputyship banking services.
Our banking and payment innovations have enabled us to assist hundreds of court appointed deputies with our simple bank account opening process and the feature rich functionality within Monika designed specifically to reduce administrative costs and make the lives of our banking partners easier.
Opening an FSCS protected bank account on the platform takes minutes and you can either do this yourself or, our friendly banking team can do this for you.
With features such as automated monthly account and spending category reconciliation for OPG102 form completion, high and low balance alerts, high balance sweep system, users of Monika never look back and quickly become ‘product fans’.
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 tea
