Power of Attorney and Bank Accounts UK: What You Need to Know
Worried about managing money for a loved one who’s losing capacity? If you’ve been wondering about power of attorney and bank accounts in the UK, this guide is for you. We’ll break down how it works, what banks allow, and how to ensure your rights and responsibilities are clear when acting on someone’s behalf.
Having the right legal authority is essential—especially when it comes to handling someone else’s finances. A Lasting Power of Attorney (LPA) can help you access, manage, and protect their bank accounts legally and responsibly.
Need help setting up or using a power of attorney? Book your free consultation with our expert team today.
What Is a Power of Attorney for Bank Accounts?
In the UK, a Power of Attorney (PoA) is a legal document that allows someone (the attorney) to make decisions or act on behalf of another person (the donor). For financial matters, this usually involves a Property and Financial Affairs Lasting Power of Attorney.
Once registered, this document gives the attorney the legal right to:
- Access the donor’s bank accounts
- Pay bills and manage direct debits
- Transfer money between accounts
- Deal with savings and investments
Attorneys must always act in the donor’s best interests, keep records, and avoid conflicts of interest.
When Does Power of Attorney Apply to Bank Accounts?
A financial LPA can be used as soon as it’s registered with the Office of the Public Guardian (OPG)—with the donor’s consent. If the donor has lost mental capacity, attorneys can act without further permission.
This is different from a Health and Welfare LPA, which only comes into effect once the donor loses capacity.
Key Requirements:
- The LPA must be registered and valid
- The attorney must present the original or a certified copy to the bank
- Each bank may have its own internal procedures
What Do UK Banks Require from Attorneys?
Most UK banks, including Barclays, HSBC, Lloyds, and Nationwide, have strict procedures for recognising powers of attorney. Here’s what you’ll usually need to provide:
- The original or certified copy of the registered LPA
- Proof of identity and address for the attorney
- Bank-specific forms or appointments for verification
Some banks let attorneys manage accounts online. Others may limit online access to in-branch visits or written requests. It’s best to call the bank’s power of attorney team in advance.
What Can an Attorney Do with Bank Accounts?
Once the LPA is accepted, the attorney may be able to:
- Access current, savings, and joint accounts
- Set up standing orders and direct debits
- Make investments (depending on the LPA wording)
- Speak to the bank on the donor’s behalf
However, attorneys cannot use the donor’s money for personal gain, make large gifts, or operate beyond the authority outlined in the LPA.
Need help drafting or activating an LPA? Visit our Lasting Power of Attorney service page for full details.
Can a Bank Refuse Power of Attorney in the UK?
Banks are required to follow the law and must accept a valid, registered LPA. But they can delay access if:
- Documents are incomplete or unregistered
- They suspect fraud or abuse
- The LPA is unclear or not specific to financial affairs
If your LPA is refused unfairly, you can escalate the matter to the Financial Ombudsman Service.
Do You Need a Solicitor to Handle Power of Attorney for Bank Accounts?
No, you don’t legally need a solicitor—but it helps. Mistakes in signing, registering, or using an LPA can delay or invalidate your rights. Professional guidance can prevent costly errors.
Book your free consultation with our estate planning team to avoid stress and ensure full legal compliance.
Common FAQs About Power of Attorney and Bank Accounts in the UK
Can you access someone’s bank account without power of attorney?
No. Without a registered LPA, you are not legally allowed to access another person’s finances—even if you’re a family member.
Can power of attorney manage joint bank accounts?
Yes. An attorney can manage joint accounts, but the surviving party may lose access if the donor dies or the account was set up with limitations.
How long does it take to register a power of attorney?
It usually takes 8–10 weeks for the Office of the Public Guardian to register an LPA, assuming all documents are correct.
Can a power of attorney transfer money to themselves?
Only if it is for the donor’s benefit—such as paying expenses on their behalf. Personal transfers without justification may be seen as financial abuse.
Protecting Bank Accounts and Estate Assets
Alongside managing bank accounts, LPAs are just one part of safeguarding your estate. Other options to consider include:
These tools help ensure your wishes are respected and your family’s future is secure.
Conclusion: Get Help with Power of Attorney and Bank Accounts UK
Managing bank accounts under a Power of Attorney can seem overwhelming—but with the right setup and guidance, it’s straightforward and empowering. Whether you’re preparing for your own future or acting on behalf of a loved one, proper planning makes all the difference.
We’re here to help you make that plan a reality. Book your free consultation today and let our team support you with every step—so you can manage finances legally, confidently, and stress-free.