Yes, you can, and its simple to do so.
Firstly, we will open a free Personal Injury Trust bank account for the trustees. Please provide us with a copy of the Trust Deed, the relevant identification details of each trustee and the beneficiary of the trust. Our banking partner, Zempler Bank, will then undertake the necessary KYC (Know Your Customer) checks using the information you have provided.
Once we have received the confirmation from Zempler Bank that all the documentation is in order, we can open the trustee managed bank account in the name of the beneficiary within a matter of minutes. If there are any queries that arise from the documentation you provide, our banking team will liaise with you directly to obtain any additional information Zempler Bank may require in order to proceed with the opening of the account on the Monika platform.
Once we have opened the personal injury trust account, you will be able to transfer the money held in the old trust account into the new trust bank account opened on the Monika platform so that the trustee can then manage the funds more easily using the unique features and functionalities available within Monika.
