Trust (Freeholders)- Joint Bank Account

felixns

Hi Guys,
I recently purchase the freehold of my flat, and we are setting up as a "Trust" rather than a ltd company.
However we want to set up some kind of joint or single bank account, that can only be accessed for payments of bills for the property etc.
Has anyone had experience of this?
There are only 3 home owners to worry about for this.
Thanks,
Felix

jonesMUFCforever

A club society type of account such as a Treasurers account run by Lloyds Bank should suffice.

felixns

jonesMUFCforever said:

A club society type of account such as a Treasurers account run by Lloyds Bank should suffice.

this one ; https://www.lloydsbank.com/business/retail-business/current-accounts/treasurers-account.html ?

jonesMUFCforever

felixns said:

jonesMUFCforever said:

A club society type of account such as a Treasurers account run by Lloyds Bank should suffice.

this one ; https://www.lloydsbank.com/business/retail-business/current-accounts/treasurers-account.html ?

Yes that is the one.
This type of account is not opened in branch so if you want to continue you will have to do it online or by phone.

felixns

Thanks that looks like a great shout!