How to open a bank account for my 28 year old son
Finances : How to open a bank account for my 28 year... - Mencap
Finances
Written by
1DB93
To view profiles and participate in discussions please or .
17 Replies
•
Are you his deputy for property and finance? If you are then you should be able to and then manage the account
We just had to do this for my 39 year old daughter who has no idea about money but loves to spend. Up until now she's been happy using a pre loaded card that we were able to top up and manage for her but a change in her circumstances meant she needed a proper bank account of her own. We tried talking to a guy in Natwest who said we could open an account that we could control but one of us would have to apply for court of protection deputyship. As my husband was investigating this option I went online and applied for a basic Santander account in her name. It was a surprisingly quick and easy process and I had to supply two proofs of identity, which I photographed and uploaded to the internet. I was able to use her benefits letter for one and her P60U was accepted as her proof of address even though it wasn't on the official list. It was all completed within a week and we now transfer her spending money into this. It states that it has no overdraft facility, which is what we wanted, but this hasn't been tested yet!
Banks do like to try to make things complicated don’t they!
They do. As my son doesn’t have level of understanding not read or writes neither could even copy his name the bank tells me it is not possible for him to have an account in his name. So frustrating! No worries I’ll carry on they way I have been managing it. To be fair there has been any problem with doing it that way. Thanks x
I have a Barclays account with separate pots. I just transfer my sons money into one of those. He can’t manage money though so I buy anything he needs for him.
I have 2 bank accounts set up in my name with an extra bit which reads re and my daughters name, which was easy to do as she was known at my bank anyway. One is for direct payments which obviously can only be used to pay invoices to care agencies. The other is one her benefits paid into and use for her needs. I have had for some time and even had child benefits paid into it. I am an appointee which has been fine up to now.However she is now 27 and shortly moving into supported living. Appointee will be fine for everything except for signing tenancy agreements. The legal team at Continuing health care are being informed to see if they can authorise this. If not I will be applying for deputyship.
We’re in the same position which is why we only looked at residential care. Fingers crossed after assessments this week he’ll be offered the place. My friends had to go for deputyship and she really dislikes the paperwork side of things. I want to avoid that. However CHC funding is also being reviewed next week. I’m hoping my son doesn’t lose it but if he does it’s a moot point anyway as after his “client contribution” he’ll have no money left anyway! It’s our first review in 4 years and I’m dreading it!
Thankyou for your reply. I have bank accounts set up that way but I wondered if an account could be opened in my sons name. My son is in supported living and I signed the tenancy agreement on his behalf. He’s been there coming up for nine years in September. He is fully health fund CHC. He has a DOLS in place and I am named on there as having sole responsibility for watching over his affairs etc. Hope that is helpful for your situation. Hope all goes well with your daughters move into supported living. x
My son is 47 and I initially had a joint bank account in both his and my name which we still have today, I am his appointee. Only his benefits and outgoings go into this account now as he is unable to deal with his finances, and I set up a separate account for me so my benefits etc go into this account, When he went into supported living 6 years ago we opened an account in his name only so I could transfer money from the joint account to his account weekly for living expenses. I think as we were known by the staff I can’t recollect any problems as I have been with the bank for 40 years. Although my son can’t read or write he could copy his name so this was allowed then even though he probably didn’t understand what he was signing. As somebody has mentioned I believe it seems straight forward to do online. He will need a passport for I’d and something confirming his address. Depending on his level of understanding you could just be his appointee, ring benefits dept to ask for this.
I think it is illegal to open an account in someone's name without their consent/ability to understand. Even though this can be done online using the required documentation, it is still illegal. High st banks would not allow me to do this for my daughter . I'm her apppintee and recive all her benefits so I opened one in my name and put her savings into it.
It probably is now but was never questioned when I opened a joint account 30 years ago when my son was 16 and received benefits in his own right. This is what you were told to do then, obviously times are very different now.
Hi when my son applied for benefits at around 18 years old I went with him to open a bank account and got a third party mandate which allows me to have control of his account to manage. For us I didn’t think it was a good idea to have his finances mixed up with with mine and my husbands. This is especially so now he lives in supported living as he had household bills etc leaving his account. Also if the accounts are in your name should your financial circumstances change ie if you lost your job any money your child had would be classed as yours and could complicate things. Also if the worst was to happen and you were incapable of managing your child’s account it would be difficult for others to manage for them.
Not what you're looking for?
You may also like...
Getting LPA for finances for my (adult) son - lacks capacity for the form
forward the trust and decisions about money. But my son (aged 21) has severe LD and definitely lack...
