Court of Protection Order

If there comes a time when you can no longer make financial decisions for yourself, it can be a difficult time for your family. If no Lasting Power of Attorney is already in place, the Court of Protection may need to appoint a deputy to act on your behalf. 

The Court of Protection will appoint a “deputy” to manage the account holder’s finances. It is the deputy's responsibility to make financial decisions on the account holders behalf. The Court has strict rules on what the appointed deputy can do.

Cards and chequebooks.

As you will not be able to manage your finances your cards will be cancelled. We can provide one deputy with a card. If more than one deputy is appointed only one can hold a card.

Statements.

When the deputyship is registered with us, the deputy can choose which address they’d like all future mailings to go to. Savings account statements can only be sent to this address. However, current account statements can be sent to more than one address if there is more than one appointed deputy.

Online access

Online banking access can be provided to your deputy on request.

Safeguarding and security

Your deputy must always act in your best interests. For your protection, we may sometimes refuse transactions or contact the Office of the Public Guardian to discuss them.

When the Order has been made by the Court of Protection it can used to manage accounts – but only once it has also been registered with us. Your deputy needs to follow the steps below to complete the process.

There are fees payable to the Court of Protection when the Order is applied for, and there are annual supervision fees to be paid. These costs vary depending on circumstances, and there may be discounts or exemptions. We don't charge anything to register a Court of Protection Order at Nationwide.

Fees differ depending on where you live in the UK and who you apply to.

You'll need to contact the relevant authority where you live if you want to change the Order.