What is a Third Party Mandate?
A Third Party Mandate is a temporary agreement between you and someone you trust. This could be a family member, friend or regular support worker.
It allows restricted access or control over your accounts. For example:
- For savings and current accounts, your representative won’t be able to close your accounts or open new ones in your name.
- For mortgages, your representative will only be able to view your outstanding balance and request statements.