Managing someone else's money
Accounts for children and power of attorney
If you would like to open an account on behalf of someone else, or would like to manage an existing account for someone who is unable to manage it themselves, here's what you need to do.
Accounts for children
You can open a savings account on behalf of child. These accounts are available for children up to the age of 16. At age 16 the account will normally be transferred to the child's name.
As well as your own information, we'll also need documentary identification, such as a birth certificate, for the child.
Accounts available to children:
- Telephone accounts - can be opened as a sole account if the child is 16 or over and has a bank account with a cheque book. Otherwise telephone accounts can be opened on behalf of the child
- Postal accounts - can be opened as sole accounts or on behalf of the child
- ISAs - can only be opened if you're 16 years old or over. These accounts cannot be opened on behalf of a child
- Internet accounts – cannot be opened by children under the age of 18 and cannot be opened on behalf of the child
To open an account on behalf of a child, call us on 0845 602 2828.
Power of attorney accounts
A power of attorney will normally allow you to open or operate an account on behalf of another person.
We cannot provide any assistance on acquiring a power of attorney. Please contact your legal adviser about this.
To apply for a power of attorney account, you'll need to provide your own details and the beneficiary's personal details too.
This includes:
- Full name and address
- Date of birth
- Telephone number
- Occupation
- Bank details
You'll also need to provide:
- An original or certified copy of the complete power of attorney document
- A note of the reason for granting the power of attorney
- Any further identification documents we've requested.
To open a savings account or take over the management of an existing account under a power of attorney, call 0845 602 2828.
Lines are open Monday to Saturday 8am-8pm. Calls may be monitored and recorded for security and training purposes. If you're outside the UK, call +44 292 078 1145.
