QualitySolicitors Chapman & Chubb

QualitySolicitors Chapman & Chubb
Meet our Staff

Monday, 29 April 2013

Managing a bank account for another person

Should you need to manage the affairs of someone else, including managing their bank account, be it through illness or for any other reason that they are unable to do it for themselves then we are here to help. As a member of the Law Society can offer expert advice on all aspects of achieving this aim.

A comprehensive framework for people who need to manage a bank or building society account on behalf of someone else has been produced by Law Society, the British Bankers' Association (BBA), the Building Societies Association (BSA), the Office of the Public Guardian (OPG), and other partners.

The new guidance, which is launched today, provides the first universal framework for banks and building societies to apply a consistent approach when helping relatives or carers who need to manage an account on behalf of another person who is elderly, vulnerable or unable to manage their own affairs.

No comments:

Post a Comment