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Appointeeship - FAQ's

What is an appointee security bond?


Introduced by Security Bonds Ltd and Money Carer in 2015, the Appointee Security Bond is a means to protect the finances of a vulnerable individual under an appointee’s care. Emulating the requirement for deputies to open a bond, we introduced this to ensure the same right for our appointeeship clients. The bond also represents best practice for anyone looking to become an appointee.

Costing just £35 per year, the security bond can guarantee entitlement of up to £16,000 in the event of theft or fraud by the appointee. For non-professional appointees, the Appointee Security Bond can ensure compensation in respect of any honest mistakes made by the appointee.

Concerned parties, such as safeguarding teams, can contact Deputy Bond Services in order to start the claim process for the individual who suffered the loss. Clients will then receive compensation within 7 working days.

For more information on becoming an appointee, please download our appointeeship guide.

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Appointeeship, Deputyship, Money Management, Banking

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