Skip to main content

You are here:

  1. Home
  2. Existing savers
  3. Managing someone else's money

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
  • Cash 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 0345 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 0345 602 2828.

Lines are open Monday to Saturday 8am-8pm. Calls may be monitored and recorded for security and training purposes.

How do I register the death of a loved one?

Firstly, the bereavement team will need to see the original or a certified copy of the death certificate, the death verification certificate or the interim death certificate. These can be certified by any of the following:- UK solicitor, Post Master, Sub Post Master, Authorised Financial Intermediary, MCCB Regulated Mortgage Broker, Accountant, Doctor, Minister or Religion, Bank, Barrister, Estate Agent, Police Officer, Teacher or a Justice of the Peace.

The person certifying the document must print their name, address, telephone number, occupation and date on the copy as well as their signature. The following statement must also be included: 'This is a true copy of the original document'. In all cases the certifier must not be retired or a relative.

Once this is received we will write out to you giving you all the relevant information you need to complete the estate and what your next steps are. If you need any further assistance, please call us on 0345 602 2828. The lines are open from 8.00am to 8.00pm Monday to Saturday. A member of our team will be happy to help.

How do I change my name?

We will need to see an original or certified copy your marriage certificate or Name Change Deed. These can be certified by any of the following:- UK solicitor, Post Master, Sub Post Master, Authorised Financial Intermediary, MCCB Regulated Mortgage Broker, Accountant, Doctor, Minister or Religion, Bank, Barrister, Estate Agent, Police Officer, Teacher or a Justice of the Peace.

The person certifying the document must print their name, address, telephone number, occupation and date on the copy as well as their signature. The following statement must also be included: 'This is a true copy of the original document'. In all cases the certifier must not be retired or a relative.

We will also need a letter confirming your address and this needs to show your old signature and your new one. Once this is received we will amend your file. Please note that if you have an internet account we cannot change your user name.

What do I need to send to register a Power of Attorney on an existing account?

To start the process to register a Power of Attorney we will need to see an original or certified copy of the Power of Attorney document. These can be certified by any of the following:- UK solicitor, Post Master, Sub Post Master, Authorised Financial Intermediary, MCCB Regulated Mortgage Broker, Accountant, Doctor, Minister or Religion, Bank, Barrister, Estate Agent, Police Officer, Teacher or a Justice of the Peace.

The person certifying your document must print their name, address, telephone number and occupation on the first page of the copy, then on the following pages they just need to sign and date. The following statement must also be included on every page: 'This is a true copy of the original document'. In all cases the certifier must not be retired or a relative.

When this has been received we will set up a file for each attorney and send them out a Customer Detail Form. This is to confirm that the information we have entered onto our system is correct. Once this has been received and any identification is requested, we will register the Power of Attorney document and return it to you for your records.

FSCS – protecting your money. Find out more here.

Gross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

AER means Annual Equivalent Rate. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.

Tax free is the contractual rate of interest payable where interest is exempt from income tax.

For telephone line opening times, please read the information in our contact section. Calls may be monitored and recorded for security and training purposes. If you're calling from outside the UK, please dial +441902 428 311.


© Birmingham Midshires
This site is intended for UK residents unless otherwise stated.
Birmingham Midshires is a division of Bank of Scotland plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. Registered office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No. SC327000.
To contact the FCA Consumer helpline, please ring 0800 111 6768. Alternatively call the Money Advice Service on 0300 500 5000 or visit www.moneyadviceservice.org.uk.