You can apply for a client deposit manager account if you can demonstrate your eligibility by evidencing you meet at least one of the following:
- UK Money Laundering Regulated or equivalent supervisory body (e.g. HMRC, ICAEW)
- Appointed by authorities to manage funds on behalf of a vulnerable person. In these cases, we'll need to verify the vulnerable person's identity through either:
Valid Licences or government-issued ID documents (such as passports, driving licences or birth certificates), OR
An official document issued within the last 6 months, which can include:
Doctor's prescription
NHS letter
Utility bill
Department for Work and Pensions correspondence
Court of Protection order
Bank or Building Society statement
HMRC document
Local Authority issued document
The document(s) must include:
The vulnerable person’s full name and either residential address or date of birth.
You will need to send a copy of the document(s) along with your completed application form.
- Have a business or contractual arrangement to hold money that belongs to your clients, including when acting as Appointed Representative on behalf of a UK Money Laundering Regulated company or as an intermediary agent (e.g. Property Manager or Insurance intermediary)