Introduction

If you do not have anyone to open a bank account with, and do not want us to manage your budget for you, we can pay your personal budget money to your managed account.

This means you still make all the decisions about your care but you don’t have to have anything to do with the money side of it. The organisation that manages the account will pay any staff and invoices for you.

The cost of a managed account can be paid from your direct payments.

This option may be ideal for you if you:

• wish to be in control of the care you receive
• do not want to manage money, or be in charge of paying your staff.

How managed account services work

Managed account services are financial management tools for people who receive social care funding (Direct Payments or Personal Health Budgets) but don't want to manage the bank account or day to day financial admin themselves.

A third party provider sets up a secure account in your name (or on your behalf). Your council payments are paid directly into this account. The provider then uses these funds to pay for your agreed care and support.

You can choose any provider you like.

Your Direct Payment Support Officer can offer advice and information about different options. Whatever you decide, it's important that the provider you choose can meet your needs.