Am I able to open a bank account if I lack mental capacity?

williewonder

I was deemed by a psychologist that I lack mental capacity with finances. I now have a deputyship at social services. On taking control over my finances he paid all my debts and wrote on my credit report in the information bit that I'm under county council deputyship and to go through them if I want to open an account. I had good credit will this flag up?

It didnt when I renewed the virgin media in my name?

(I'm only asking because I'm with virgin bank and if they stop the free current account services when using a card abroad I will have to get another bank who do the free transactions aboard)

Nasqueron

What did the professional who advised you of this say?

elsien

You need to speak to your deputy. You can open one but you risk it being closed when the bank find out.
Person I know had to get permission from the court of protection to get an account to pay direct debits from because she didn’t have a deputy and needed to pay bills. She does not have access to the account directly - it is managed by her appointee. 

PRAISETHESUN

Most checks are automated, so notes on your credit files don't always get seen. Personally I wouldn't risk it, as there's a very good chance it'll cause more issues in the long run if you don't disclose it to the banks up front. Tell your deputy what you would like to do, and if they agree it's in your best interest then let them sort it out for you.

LinLui

Given your circumstances it would be very foolish to try doing this without full transparency- what if they find out and close or freeze your account when you are out of the country? You could be stranded with no access to money,  and regardless of your mental capacity repatriation could cost you a great deal of cash. 

If it can't be resolved then try something like Currensea, which links to your bank account but is cheaper than using many credit / debit cards.

elsien

You could also use a pay up front service such as Caxton. 

born_again

williewonder said:

I was deemed by a psychologist that I lack mental capacity with finances. I now have a deputyship at social services. On taking control over my finances he paid all my debts and wrote on my credit report in the information bit that I'm under county council deputyship and to go through them if I want to open an account. I had good credit will this flag up?

It didnt when I renewed the virgin media in my name?

(I'm only asking because I'm with virgin bank and if they stop the free current account services when using a card abroad I will have to get another bank who do the free transactions aboard)

You will have to be upfront with deputyship, as you will need to fund the new account. So while you may get one opened. How would you move funds to it?