Bank Accounts to Support Vulnerable Adults

Money Carer provides banking services to over 300 law firms and local authorities enabling them to manage the finances of their vulnerable clients more simply and efficiently.

Our banking services are provided via The Monika Banking Platform, our dedicated banking facility designed and developed by Money Carers’ in-house banking software engineers in partnership with Zempler Bank.

Our banking platform provides dedicated banking and card services in partnership with Zempler Bank. It has been designed specifically to support organisations and individuals who manage the finances of vulnerable people and is full of innovative features some of which are listed below:

Unique Features

• Free of charge and simple to open
• Financial Service Compensation Scheme (FSCS) protected bank accounts
• Buil-in welfare benefit check and entitlement calculator
• Store, view and share DWP letters and other documents
• Prepaid spending cards for loved ones /carers/support workers
• Biometric fingerprint-activated debit cards – No PIN required (coming soon)
• Set up automated balance limits on accounts for safeguarding
• Get personalised suspicious payment alerts for fraud monitoring
• Use or Current Account Switch Service to transfer old account
• Instant bank statements online or from smartphone app
• Entry onto the Vulnerability Registration Service database
• Access to expert support from the Money Carer Foundation

Simple Application Process

We can also have a very simple bank account opening process for people with support needs and disabilities which avoids unnecessary complications often associated with opening a high street bank account.

Our friendly banking team are her to assist, so simply apply online or get in touch and they will be happy to assist you. We are able to open the following FSCS protected bank accounts to support family members and individuals with enhanced money management needs:

• DWP Appointee Accounts
• Court Appointed Deputy Accounts
• Personal Injury Trust Accounts
• Vulnerable Adult Personal Accounts