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Power of Attorney Account Fees Explained

Category: Lasting Power of Attorney

We offer a streamlined, secure, and user-friendly Power of Attorney Account through the Monika Platform, in partnership with Zempler Bank. Our goal is to make managing financial affairs straightforward for attorneys and accessible to all.

Free Power of Attorney Account

Attorneys can access our Power of Attorney Account completely free of charge by using the convenient Current Account Switch Service to transfer the donor’s existing everyday bank account to our operational bank account provided by Zempler Bank. This service is widely trusted and is the preferred service choice for hundreds of solicitors and local authorities nationwide, who rely on the Monika Platform’s advanced features and seamless integration.

Benefits of the Free Account Include:

  • No monthly fees (because the bank pays us, so we generate income that way so no charge for attorneys)
  • Enhanced functionality through Monika Platform’s integration with Zempler Bank
  • Comprehensive overview and management of all donor’s bank accounts, savings, and investments in a single, secure place

Paid Account Option (£7.50/month)

Should attorneys choose not to transfer the donor’s everyday bank account via the free Current Account Switch Service, we offer a paid option at £7.50 per month. This option still provides attorneys with extensive oversight and control, enabling them to view and manage all of the donor’s bank, savings, and investment accounts conveniently within the Power of Attorney Account.

Benefits of the Paid Account Option Include:

  • Flexibility to maintain the donor’s existing bank account separately
  • Comprehensive access to manage all financial accounts from one central location
  • Monika Platform functionality

Choose the option that best fits your needs, knowing you’ll have peace of mind and complete financial oversight through the Monika Platform.

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