opening a bank account for someone convicted of financial fraud

deaconsue

I am trying to open a bank account for someone who has been convicted with financial fraud and is currently in prison.  The bank has closed their account and issued a cheque for the balance but they have no other account to pay it into.
I have Lasting Power of Attorney for their financial and property affairs and am managing their household bills whilst they are in prison.

Does anyone know how I can open a bank account for them?

Ayr_Rage

I think your best bet is to arrange for the payee to endorse the cheque to you, having checked with your bank if they will accept it.

Depending what is on their credit report/CIFAS it may be difficult for them to open an account even when they are released.

born_again

deaconsue said:

I am trying to open a bank account for someone who has been convicted with financial fraud and is currently in prison.  The bank has closed their account and issued a cheque for the balance but they have no other account to pay it into.
I have Lasting Power of Attorney for their financial and property affairs and am managing their household bills whilst they are in prison.

Does anyone know how I can open a bank account for them?

I think you will struggle given the reason for their current situation.

You might get a savings account set up, but even then it could be a struggle.

Below link would be a good place to start. 

https://newfuturesnetwork.gov.uk/prisoner-id-and-banking-programmes/

As a aside are you paying for the household bills out of your accounts? Or have you a separate on just for these expenses?

EarthBoy

Ayr_Rage said:

I think your best bet is to arrange for the payee to endorse the cheque to you, having checked with your bank if they will accept it.

That's not possible if the cheque is crossed, which it almost certainly will be.  Banks haven't issued uncrossed cheques for decades.

Ayr_Rage

From what I have found, a crossed cheque must be paid into a bank account and may be endorsed.

If it is also ACCOUNT PAYEE ONLY it can only be paid into the account of the payee.

MEM62

If the fraud has resulted in a CIFAS marker then no bank is going to give them an account.  

friolento

Only thing I can suggest is Google. Apologies if you have already exhausted this https://www.google.com/search?q=bank+account+for+prisoners+uk&rlz=1CDGOYI_enGB1064GB1064&oq=current+account+for+pris&gs_lcrp=EgZjaHJvbWUqCAgCEAAYFhgeMgYIABBFGDkyCAgBEAAYFhgeMggIAhAAGBYYHjIICAMQABgWGB4yCAgEEAAYFhgeMg0IBRAAGIYDGIAEGIoFMg0IBhAAGIYDGIAEGIoFMgkIBxAhGAoYoAEyCQgIECEYChigAdIBCTExODg2ajBqN6gCGrACAeIDBBgBIF_xBSKutpcaxCTq8QUirraXGsQk6g&hl=en-GB&sourceid=chrome-mobile&ie=UTF-8bank account for prisoners uk - Google Search

gt94sss2

Have a look at https://unlock.org.uk/advice/criminal-convictions-history-fraud/

retiredbanker1

Ayr_Rage said:

From what I have found, a crossed cheque must be paid into a bank account and may be endorsed.

If it is also ACCOUNT PAYEE ONLY it can only be paid into the account of the payee.

If you have googled this are you looking at UK based answers or USA?
Over there it can be endorsed and paid into another account but not the UK.

General_Grant

retiredbanker1 said:

Ayr_Rage said:

From what I have found, a crossed cheque must be paid into a bank account and may be endorsed.

If it is also ACCOUNT PAYEE ONLY it can only be paid into the account of the payee.

If you have googled this are you looking at UK based answers or USA?
Over there it can be endorsed and paid into another account but not the UK.

I haven't googled the information regarding UK procedures but know that Ayr_Rage is correct for crossed cheques in the UK. 

At one time UK cheques would be printed with a simple crossing which meant they had to be paid into a bank account but the payee could endorse the back and the cheque could then be deposited into an account of a different person.  (And if the cheque was made out to "Cash" then they could be cashed by the account holder.)

However the cheques then began to be printed with "Account Payee Only" which is when it was no longer possible to sign (endorse) on the back and pass them to another person.

retiredbanker1

No he is not