Specialist Bank Accounts

There will usually be a need for a specialist bank account to be set up for your role as a Trustee, Executor or Charity Trustee. Traditionally setting these accounts up can be considerably more challenging than a normal personal bank account.

We can help you decide what account services you may need and handle the application process for you from start to finish, usually having the account opened for you within a matter of days rather than weeks.

Trusts

Banking solutions for Trustees who may have the combined responsibility to seek interest on monies whilst still allowing access when needed. The Trust accounts we can arrange for you provide this balance, from current accounts to various deposit accounts.

Examples of the benefits of the Trustee current account that enables trustees to manage funds held in trust on behalf of their clients:-

• No annual or monthly account fees, with instant access to funds.

• Up to 30 free day-to-day transactions a month.

• Open an account in three to five days, with no appointment needed.

• An option to monitor all Trust fund accounts for which you are responsible through a single log-in process.

• Minimum opening balance of £5,000 with interest paid on balances above £100,000.

Executors

We can arrange accounts where there may be specialist requirements for clients who are personal representatives, executors, or receivers who have power of attorney over another person’s money and/or savings.

• A contactless Visa Debit Card is available – a quick and secure method of paying for goods and services.

• No annual or monthly account fees.

• Unlimited free day-to-day transactions each month.

• No currency conversion commission/charges are applied when transferring money between a Sterling Bank Account, Euro Bank Account and US Dollar Bank Account, when held under the same customer number.

• Minimum opening balance of £5,000.

Charities

For clients responsible for the funds of a charitable organisation we can arrange current and notice accounts, that together are designed to provide a charity with an easy to manage cash portfolio that balances access and interest.