We are happy to report that the Access to Funds Scheme (ATF) can potentially be used to close and transfer CTF’s or JISA’s to a bank account held in the account holder’s sole name where the funds are held in cash form. ATF can be used to open a sole account if no such account is available. Please note the scheme is not suitable if the product is in the form of stock or shares i.e. (Stakeholder Accounts) - the relevant Provider (Fund Holder) should be contacted to verify this information.
The fee for ATF applications relating to the closure of a CTF or JISA account will be waived. Applications can be made to this office provided the account holder is habitually resident in Scotland. Before making an application, applicants should contact a member of the ATF team on 01324 677140 or email OPGATF@scotcourts.gov.uk to discuss their individual circumstances.