In Partnership With
Monika – Boutique Banking for Deputies
10,000 Plus
Accounts
Monika the engine that has supported the organisation’s 10,000- plus accounts over the last 14 years.
250 Law Firms &
Local Authorities
Over 250 law firms and local authorities use Monika to open FSCSprotected bank accounts instantly
Partnership with Cashplus Bank
Platform open to Court of Protection appointed deputies and DWP appointees, in partnership with Cashplus Bank.
Banking Platform Overview
With over £60 million of client funds under management, Monika has been designed from top to bottom to cater completely for the unique services that professional deputies, attorneys and corporate appointees provide for their vulnerable clients.
Monika enables solicitor deputies to be compliant with SRA client money rules and be adherent with OPG client account management guidance.
Key Features
- An unrivalled banking and bulk payment service for deputies and attorneys
- Open FSCS protected bank accounts within hours. All funds held at Bank of England
- Access your clients funds within 7 days of us receiving your certified deputyship order/registered LPA via our new Client Funds Access Service.For UK and EU bank accounts
- Unique ‘sweep’ facility to keep balances at agreed level. High or low
- Make individual or bulk payments via Faster Payments easily
- Send emergency payments instantly via emailed bar code or a text message to be redeemed in any Paypoint outlet or ATM machines (without the need for a card)
- Issue carer cards or ‘shared’ carer cards to support/case workers
- Online and Smartphone App access. Global view of all accounts
- Realtime bank statements and reporting
- Fraud alerts system, high and low balance alerts
- Add clients to the Vulnerability Registration Service instantly
Coming Soon
- CHAPS payments
- International payments
- Current Account Switching Service
- Open Banking to provide real-time visibility of bank and investment accounts in one place
Monika is hosted by Microsoft’s Azure ™ Cloud Services in the UK South and West regions (London and Bristol) in a fully fault-tolerant configuration.
We understand your frustrations
As an organisation that manages the finances of thousands of vulnerable people across the UK, we understand the everyday practical challenges that face deputies.
From the time spent queuing at high street banks to register documents and open accounts, to being put on hold by utility companies and the DWP – we get it. And so we have targeted our investment in Monika to address the everyday frustrations of being a deputy, attorney or appointee.
Key Feature Spotlights
Our New Client Funds Access Service
Sending Emergency Payments
‘Named’ or ‘Shared’ Carer Cards
Key feature spotlight:
Coming Soon:
Digital Communication with Utility Companies
Money Carer is one of the first organisations to invest in the integration of the new Request to Pay overlay service into our banking and payments platform. We have partnered with Answerpay for this purpose.
