Deputy
bank accounts
for professionals
Personal Injury Trust
Bank Accounts
List of Features
- Bank account opening in P’s name in minutes
- FSCS protected deputyship bank accounts to £85.000
- 6-month temporary FSCS protection to £1 million*
- 7-Day account switching from P’s high street bank account
- All inbound payments transferred (benefits, pensions, salary 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
* 6-Month temporary FSCS protection is for high value initial transactions such as compensation payments or property sale procedures etc.
Simple PI Trust Bank Accounts
Our easy to open personal injury trust bank accounts can be opened in minutes and remove the administrative burdens that professional trustees often experience.
Our innovative trust accounts combine the convenience for trustees to make payments directly from the account with multi-layer authentication and electronic signature options built in.
We now provide this service free of charge to our professional legal and local authority partners.
Our banking and payment innovations have enabled us to assist hundreds of deputies and attorneys 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 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 y
