Yes, as long as there is a reason for doing so which complies with anti-money-laundering (AML) regulations. You can also use this product for any savings purpose – for example you might want to use it to save up for your children’s future education or wedding, or use it as an element of your retirement planning. If you would like to start saving for someone else, please contact us first, and speak to one of our team so you know exactly what your options are and what additional documentation would be needed (if any).