Bank Accounts for Personal Injury Trusts.
Fast, easy-to-open trust accounts that remove the administrative burden for trustees and intermediaries — available to both lay and professional trustees.
- ✓ Accounts opened in the beneficiary's name within 10 working days
- ✓ Make payments directly with multi-layer authentication and e-signatures
- ✓ Full access to Monika for oversight of every PI Trust account
- ✓ FSCS-protected accounts with dedicated support throughout
Open a Personal Injury Trust account without the usual delays.
Opening a bank account for a Personal Injury Trust is often slow and paperwork-heavy. Trustees are left chasing banks, gathering documents and waiting weeks before a settlement can be received.
Monika removes that friction. Accounts are opened in the beneficiary's name within 10 working days, with a dedicated support team guiding you through the whole application. Once open, trustees manage everything from one simple banking portal — payments, balances and statements — with the beneficiary given their own access too.
Everything a trustee needs, in one place.
Open in 10 working days
Accounts opened in the beneficiary's name within 10 working days — no branch visits, no long calls with banks.
FSCS protected
Deposits protected to £120,000, plus six-month temporary high-balance protection to £1.4 million after a settlement lands.
Secure payments
Make payments directly from the account with multi-layer authentication and electronic signatures for trustee approval.
Earn interest
Option to deposit funds in savings accounts and earn interest through our partnership with Insignis.
Full visibility of every trust account.
Trustees gain full access to Monika for streamlined management and enhanced oversight of PI Trust accounts — balances, transactions and statements in one place.
Payments are made directly from the account with secure multi-layer authentication and electronic signatures, so every transaction is authorised and auditable. The beneficiary gets a simple portal of their own, keeping them informed without handing over control.
- ✓ Simple portal for both beneficiary and trustees
- ✓ Payments authorised with e-signatures
- ✓ Works for lay and professional trustees alike
Bring all your clients' bank accounts under one platform.
Every account on Monika is fully integrated with the Current Account Switch Service — so an existing trust account can move across to Monika without you contacting the previous bank.
Direct debits, standing orders and the balance transfer automatically within 7 working days, and three years of payment redirection means anything sent to the old account is forwarded instantly.
Learn about CASSClear costs. No surprises.
A £75 onboarding fee and a £5 per month service charge. That's it.
Dedicated support is included throughout the entire application process and beyond — so trustees always have someone to call.
Apply NowOne-off onboarding fee
Per month service charge
See Monika in action.
A 30-minute walkthrough for trustees, solicitors and intermediaries. We'll show you account opening, payment controls and trustee oversight against your real-world workflow.
- · Live demo with a Monika specialist
- · Tailored to lay or professional trustees
- · FSCS-protected accounts, fully integrated controls