Personal Injury Trust Bank Accounts

 bank accounts
 bank accounts
 bank accounts

Personal Injury Trust Bank Accounts

 bank accounts
 bank accounts
 bank accounts

Our easy to open personal injury trust bank accounts developed in unique partnership with Zempler Bank, can be opened in minutes and remove the administrative burdens that professional trustees often experience when trying to open trust management bank accounts.

Personal Injury Trust Accounts

Our personal injury trust accounts 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 enjoy the full functionality and features of ‘Monika’, our banking platform. For example, it is simple to set up and link a separate account with a Money Carer prepaid debit card that can be used for everyday spending by a beneficiary or their carers, all within the platform.

Our rich payment innovations, security features and extensive reporting capabilities greatly assist trustees with their everyday management and fiduciary responsibilities whilst promoting the independence of beneficiaries where possible at the same time.

These unique financial tools form part of the reason why the Monika Platform has been selected as a Finalist in the Card & Payments Awards 2025 in the Financial Inclusion category.

 bank accounts
 bank accounts

Our online account opening process is simple and quick and reduces costs for our professional partners along with their clients. Our dedicated, friendly team are at hand to assist with the opening process and then with ongoing bank services support afterwards.

In practice, the procedure for opening a personal injury trust bank account is very similar to the process of opening a deputyship or lasting power of attorney (LPA) bank account on our platform. The main difference simply being that we are required to undertake the KYC requirement (Know Your Customer) for all the named trustees.

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 benefit appointees with a variety of banking needs.

   List of Features & Innovations

  • Managed PI Trust Bank account opened in minutes
  • FSCS protected deputyship bank accounts to £85.000
  • Six-month temporary FSCS protection to £1 million
  • Multi-level trustee account access, authentication and controls
  • 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
  • Live, customer chat support provided within Monika platform
  • Store and view Trust Deeds and other documents within account

   More Trustee Banking Information

 bank accounts
 bank accounts

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.

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