How to open a new account without switching

Crater

I want to open a second account for my elderly MIL (I am power of attorney). Can anyone offer advice on how to do this and not get switched? This is very important. It sounds obvious, you just say you don't want to switch - but I did that with an ISA a few years back and the b*****s moved the whole ISA, even though there were clear instructions (and a letter) not to. The landscape seems quite complex, with banks offering "partial" switches as well. I am not interested in payments or perks, just want a second account to have her money in more than one place. Ideally I would run it through the branch locally by chequebook and avoid passwords etc. We are lucky enough to still have bank branches. Thanks for any advice.

xylophone

Example

https://personal.natwest.com/personal/life-moments/caring-for-vulnerable-relatives/power-of-attorney.html

You can open a new account for your donor once you have satisfied the bank's requirements.

colsten

The default is no switch. You would have to specifically ask for a switch.

On the subject of bank branches: just because you have them today is no guarantee that you will have them tomorrow. Most banks do, however, now offer basic transactions (deposits, withdrawals) via the Post Office.

Brewer20

As above really, the switch deals are usually to get all of your banking over, some with a bonus switch pay out. You don't have to with any when opening an account as long as you meet their criteria.


Good point re PO's, we lost two HSBC branches and a NatWest locally but we turned to the PO for anything a bank visit was necessary, cheque pay-in mainly.

Crater

Thank you for the insights. Have done one application just waiting to hear the outcome. They don't seem to like the idea of Attorneys having a cheque book, go figure.

jonesMUFCforever

Shamsan wrote: »

Thank you for the insights. Have done one application just waiting to hear the outcome. They don't seem to like the idea of Attorneys having a cheque book, go figure.

It is not just Attorneys accounts - most accounts these days are set to no cheque book - you need to ask them for one and hope their systems allow it.

badger09

Shamsan wrote: »

Thank you for the insights. Have done one application just waiting to hear the outcome. They don't seem to like the idea of Attorneys having a cheque book, go figure.

My husband has POA for his mum, who sadly died 23 December.

He operated several accounts with Lloyds as POA, one of which was Club Lloyds, for which he had a cheque book.