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Current account to service a trust
SEPS
Posts: 9 Forumite
Looking for a current account or could be savings account to hold float money from a trust, facilitate investment transfers (direct debit) and pay small bills including HMRC. It will not hold the majority of the monies which will be invested elsewhere.
All the interest paying current accounts require payments into the account, many will not pay the advertised hello payment into a trust account (not personal banking), several do not even want to set up a trust account and for all there is the anti money laundering requirements on all trustees - four in this case.
Any experience / suggestions gratefully received.
All the interest paying current accounts require payments into the account, many will not pay the advertised hello payment into a trust account (not personal banking), several do not even want to set up a trust account and for all there is the anti money laundering requirements on all trustees - four in this case.
Any experience / suggestions gratefully received.
0
Comments
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Have you tried Barclays? A family trust has a (non interest bearing) account with them.
There are three trustees (one a solicitor) and the account is used for the purposes you describe.0
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