Lasting Power of Attorney FAQs
Is my data safe?
Yes. We’re GDPR-compliant, your data is encrypted, and we never sell information to third parties. Banking is handled by our regulated banking…
What happens if the donor still wants to spend their own money?
That’s the point. The donor can have their own card with limits the family agrees on, so day-to-day life stays normal. Independence…
Can more than one attorney use the account?
Yes. Every appointed attorney can have their own login. You decide together how payment approvals work, for instance, requiring two signatures on…
Do we need a registered LPA in place already?
Yes — a Lasting Power of Attorney for Property and Financial Affairs needs to be registered with the Office of the Public…
How long does the switch take?
Around seven working days, using the official Current Account Switch Service. We handle direct debits, standing orders and incoming payment, so nothing…
Is there a cost to open the Lasting Power of Attorney Account?
If the average account balance is £3000+, there is no charge for this account; otherwise, there is a fee of £3.50 PCM….