Opening a Savings Account as a deputy - "Court of Protection"

CTG66

Having contacted the top savings accounts as listed on Moneysavingexpert.com - all have said I cannot open an account as a deputy "Court of Protection". Can anyone help point me in the right direction? Do I have to consider in-branch options only? Thanks.

Albermarle

As far as I know and what I can see on Google it should be possible , but from my own experience opening accounts as a DWP appointee ( basically one step lower than a Deputy/Power of Attorney ) banks can be reluctant and many staff members are clueless on the subject.
Here is a link to an old MSE thread .
Court of Protection and Bank Accounts — MoneySavingExpert Forum
Also this seems to be a bank/money managing service that specialises in this area , but I have no idea if they are any good or not .
Professional Deputies | Banking and Payments | Statements and Reporting (deputyship.org.uk)
Here is a page from Natwest website
I'm managing the money of a Protected Person, how can I register this with you? - NatWest

I think it is pretty clear that having access to a branch will help /be necessary, 

noclaf

CTG66 said:

Having contacted the top savings accounts as listed on Moneysavingexpert.com - all have said I cannot open an account as a deputy "Court of Protection". Can anyone help point me in the right direction? Do I have to consider in-branch options only? Thanks.

I am a Deputy for my mother.

Could you not just email the CoP and ask for a response that confirms it is fine for you to open a savings accounts for your mother. Then go into branch (assuming the top savings accounts are banks with physical branches), register the Deputyship and provide the confirmation from the CoP?

Albermarle is correct though, lot of the banks form have a clue and tend to be more cautious these days (lot more regulatory scrutiny than before). Once I registered my Deputyship in a branch, everything was a lot easier afterwards. Some teething issues persist but overall it's ok.

noclaf

CTG66 said:

Having contacted the top savings accounts as listed on Moneysavingexpert.com - all have said I cannot open an account as a deputy "Court of Protection". Can anyone help point me in the right direction? Do I have to consider in-branch options only? Thanks.

I am a Deputy for my mother.

Could you not just email the CoP and ask for a response that confirms it is fine for you to open a savings accounts for your mother. Then go into branch (assuming the top savings accounts are banks with physical branches), register the Deputyship and provide the confirmation from the CoP?

Albermarle is correct though, lot of the banks dont have a clue and tend to be more cautious these days (lot more regulatory scrutiny than before). Once I registered my Deputyship in a branch, everything was a lot easier afterwards. Some teething issues persist but overall it's ok.

xylophone

Having contacted the top savings accounts as listed on Moneysavingexpert.com - all have said I cannot open an account as a deputy "Court of Protection".

It may be the case that those particular organisations will not accept accounts in the name of a person whose affairs are managed by an Attorney/Deputy or it may be the case that you did not speak to a person with expertise/experience in the providers' policy?

For example, take Shawbrook Bank (one of the providers mentioned here

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

If you type "Shawbrook Bank Deputy Court of Protection" into Google, you come up with their application form/information sheet - see below

Court of Protection – Deputyship Order

(created under the Mental Capacity Act 2005).

An order appointed by the Court to represent someone who has lost mental capacity, unless stated otherwise in the document.

A Power of Attorney or a Court of Protection only needs to be registered with Shawbrook once, except in the case of an Enduring Power of Attorney where the Donor loses capacity. If that happens we’ll need to see the Enduring Power of Attorney again after it has been registered with the Office of the Public Guardian.

You will need to enclose the original Power of Attorney documents or a certified copy of the document. Unless we have previously seen the original or certified copy of it.