What is the Monika Sweep System?

The Monika sweep system allows deputies, attorneys and appointees to automatically manage and move funds between accounts on the platform.

You can set balance limits for specific accounts to ensure the right amount of money is always available. For example, you might set a maximum balance of £300 for a carer shopping account, or ensure a minimum balance of £30 is always maintained.

The same approach can be applied to personal spending accounts, or to move surplus funds into savings or investment accounts managed on behalf of the client.

Sweep settings are quick to set up and can be adjusted at any time within your Monika account, giving you full control with minimal effort.