Overlay
Caring for someone vulnerable

Third Party Mandate

A helping hand with your finances.

What is a Third Party Mandate?

A third party mandate can be put in place to allow someone you trust to access your bank accounts and take care of everyday banking activities. The account holder must have mental capacity and the people given access to the account are called 'third parties'. 

Third parties must be over the age of 18 and some examples of common third parties include family members, close friends, or carers. 

What can a third party do?

A third party can

  • Close accounts and change the statement address of accounts they are named on.
  • Have a debit card, cheque book and a pay-in book.
  • Enrol for telephone or digital banking.
  • Arrange and cancel any payments on the account e.g. standing orders, direct debits, chaps payments.
  • Obtain any information relevant to an account they are named on.
Information Message

A third party cannot

  • Use any of the benefits on a packaged account.
  • Open accounts on behalf of a customer.
  • Upgrade/downgrade accounts including account conversions on behalf of a customer.
  • Apply for additional borrowing on existing accounts e.g. overdrafts, loans.
  • Reclaim funds from dormant accounts they were named on.
Information Message

Registering a Third Party Mandate

Frequently asked questions