Corporate Designated Client Account
Any business required to hold money on behalf of their customers can do so in separate designated accounts. Unlike the Undesignated Client Account, the Bank will perform Customer Due Diligence checks on your customers prior to opening these accounts.
Deputyship/Appointeeship Debit card
Designated Client Accounts can have Deputyship/Appointeeship Debit cards to help support vulnerable individuals under those arrangements, giving them direct access to their funds.
A choice of card type is available; chip & PIN, chip & signature or Cashpoint®. Available funds are always checked to prevent unauthorised overdrafts.
- The underlying individual will have no rights to directly access the bank account other than through ATM cash withdrawals, online purchases and merchant transactions.
- Minimum age of underlying individual is 11 years. You (our client) are responsible for the capacity assessment of the underlying individual.
- A Deputyship or Appointeeship needs to be evidenced in the form of a either a court of protection order (Deputyship) or BF57 (Appointeeship).