Do I need to open a designated account in the same branch of the bank or building society as the adult’s current account?
A. No. You can basically use any bank or building society. It may be more practical and convenient to use your own bank or building society although you should bear in mind that there may be a delay in setting up the designated account and transferring funds into it if the bank or building society is different. It will be helpful to the staff there if you give them the booklet “A guide for Fundholders” which is sent out with your certificate of authority.
