The Court Funds Office
The Court Funds Office provides a banking and administration service to all civil courts in England and Wales, accounting for money paid into and out of court and looking after investments made with that money, and has done so for over 300 years.
In total, the Court Funds Office has a total of £2.4 billion1 of funds under management and over 184,000 accounts1 – many of them belonging to vulnerable customers, such as young children that have been awarded damages in civil actions.
In early 2014 the Court Funds Office chose to extend their business relationship with NS&I Government Payment Services by seven years.
1 As of April 2017