UK banks’ trust account exodus cuts lifeline for disabled people, says charity

Nationwide said certain trust accounts were being blocked until paperwork was submitted to meet legal and regulatory obligations but that it could have been clearer that restrictions would be placed on the accounts. Photograph: PhotoEdit/Alamy

People with disabilities are facing potential hardship because banks are scrapping trust accounts that allow money to be managed safely on their behalf.

Victims awarded personal injury settlements and those with learning difficulties are among those facing “severe consequences” as accounts are closed or frozen by high street banks and building societies, according to campaigners.