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Cards and Managed Bank Accounts - FAQ's

What are the benefits of external money management?  

Essentially, money management is the monitoring of funds in an attempt to reach a specific financial goal. This may be anything from saving for a house, to simply having some extra spending money available.

Efficient money management can be beneficial for everyone, whether it be keeping thorough records or planning budgets. However, for some this may not be possible first-hand. Here at Money Carer, we are able to provide necessary services for those simply wishing for peace of mind over everyday financial matters, such as budgeting and ensuring timely bill payments.

Alongside managing personal matters such as medical appointments, everyday tasks and existing health issues, creating a plan for financial management is not an easy task. Seeking external support is an ideal way to take these issues off of your hands, furthering future financial success and autonomy. We offer a number of specialised features for this very purpose:

  • Dedicated budget accounts for personal, everyday spending.
  • A ‘sweep’ system, enabling excess funds to be transferred back to the original funding account.
  • Ability to set maximum and minimum balances on a card.
  • Emergency money voucher requests in the event of loss or theft.
  • Instant payment notifications sent to those managing the account.
  • Ability to upload and store relevant documentation.

For further information about our services, please visit the Monika Banking Platform.

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Appointeeship, Deputyship, Power of Attorney, Money Management, Banking, Families, Welfare Benefits

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