Lifering

Power of Attorney


Sometimes it’s necessary for an account to be managed on behalf of the account holder. This is known as the Power of Attorney. Power of Attorney grants an individual (or group of people) the legal right to manage the financial affairs of someone else (known as the Donor).

There are many reasons why a Power of Attorney may be required. We only accept those where the Donor is losing or has lost the mental capacity to manage their own financial affairs.

Terminology

Depending on whether you’re in England and Wales, Scotland or Northern Ireland, there are different terms for Power of Attorney. Most common are Lasting Power of Attorney and Enduring Power of Attorney. These two terms are used when a third party applies to run someone’s financial affairs before they lose mental capacity.

Who can apply for Power of Attorney?

Any person over the age of 18 can apply. In most cases a spouse, partner or close relative will take on the responsibilities. In cases where no-one is able or willing to take on the role, then a professional (such as a solicitor) may be appointed.

The powers and duties of an Attorney

The powers available to Attorneys are set by the Court of Protection to help safeguard the person for whom they are caring.

Along with this, the Office of the Public Guardian allocates individual supervision. It may be close supervision for new cases, less so for experienced Attorneys or Deputies. Further accountability may need to be shown through annual reports and filed accounts.

An unregistered Enduring Power of Attorney

We will accept an unregistered Enduring Power of Attorney (although if unregistered this could not be used as evidence of identity), unless it contains a condition that it should not be used until the donor is losing or has lost mental capacity. An Enduring Power of Attorney must be registered with the Office of the Public Guardian as soon as the donor starts to lose mental capacity. Please note that where an unregistered Enduring Power of Attorney is presented to us, we may require written approval from the donor before opening the account.

To apply for a Power of Attorney on an existing Ford Money account

To make an application for a Power of Attorney on an existing account held with us, please contact our customer service team. You will need to provide the following documents as part of your application:

  • Proof of identity for the Attorney, 
  • Proof of residency for the Attorney, 
  • Either the Power of Attorney document, or a Receivership or Deputy Order, 
  • The Power of Attorney application form that our customer services team will send to you. 

Once you’ve completed the application form, send this together with the appropriate documentation to our Freepost address (you won’t need a stamp):

RTUB-AAXH-UHKE
Ford Money
PO Box 871
Wallsend
NE28 5BT

We’ll review your application and supporting documentation and, if everything is in order, we will send you a welcome letter containing your Customer ID and account number. To access and start managing the account online, you will then need to contact us to request a password.

To open a new account using a Power of Attorney

To make an application as a Power of Attorney, please contact our customer service team. You will need to provide the following documents as part of your application:

  • Proof of identity for the Account Donor 
  • Proof of residency for the Account Holder 
  • Proof of identity for the Attorney 
  • Proof of residency for the Attorney 
  • Either the Power of Attorney document or a Receivership or a Deputy Order 
  • The Power of Attorney application form that our customer services team will send to you 

Once you’ve completed the application form, send it together with the appropriate documentation to our Freepost address (you won’t need a stamp):

RTUB-AAXH-UHKE
Ford Money
PO Box 871
Wallsend
NE28 5BT

We’ll review your application and supporting documentation and, if everything is in order, we will send you a welcome letter containing your Customer ID and Account Number.

To access and start managing your new account online, you will then need to contact us to request a password.

Making a deposit under Power of Attorney

Making a deposit under Power of Attorney is straightforward and is no different to how you would manage your savings as a normal account holder. Please visit Online Account Management for more information.
 

Help Articles

alt

Applying for a Product

Find out everything you need to know about how to make an online application for one of our products.

 

Application process

Verifying your identity and Residency

Proof of Identity

Proof of Residency

Your temporary application reference number

View All

alt

Managing Your Account

Here you can find the answers to questions regarding how to manage your account online.

 

Accessing your online account

Moving Money

Interesting Options

Account personalisation

Applying for additional products

View All

alt

Saving With Ford Money

Have other questions about Ford Money, our service and our offerings? You’ll find more information here.

 

How we operate

How we communicate with you

How you can contact us

What rates have Ford Money previously offered?

Your privacy rights

View All

Top