Bank Accounts for Personal Injury Trusts
Account setup is simple, following our straightforward KYC process, with approved new accounts typically taking 10 working days.
Money Carer has launched Bank Accounts for Personal Injury Trusts. Our Bank Accounts for Personal Injury Trusts allow compensation payments to be held separately, meaning they are typically disregarded in means-tested benefit assessments.* Funds are held securely in an FSCS-protected bank account and managed through our Monika Banking Platform. This enables trustees to manage trust funds easily, with a range of unique features designed to support the effective day-to-day administration of the trust.
FSCS-protected bank accounts for Personal
Injury Trusts
Fast, online account opening
Secure online access via the Monika Banking Platform
Award-winning banking
platform trusted and used by with Carer & Law Firms, Local Authorities & Trustees
Access to preferential interest rates via our
partnership with INSIGNIS Asset Monika provides Management Limited
£75 Onboarding Fee and £5 per month Service Charge
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