TSB CLOSNG MY CLIENT ACCOUNTS ON 31 JANUARY 2021

Thrugelmir

You've received over 3 months notice. Should be adequate time to source alternative arrangements. 

dunstonh

Looking at it a bit more......
As of the 1st April 2020, it will be a legal requirement to for all letting and property management agents to hold a segregated ring-fenced client account.  UKALA require all members to hold client’s money in a segregated ring-fenced client account with a FCA regulated bank. UKALA reserve the right to reject or cancel a member’s application or renewal if the agent does not hold client’s money in a segregated ring-fenced client account.

So, there is a requirement to have client accounts.   A further check shows that TSB do offer client accounts.  However, they are not opening them at this time.  

So, this would indicate TSB have anti-money-laundering concerns or breach of T&C concerns (such as personal account use for business) or there has been some falling out in the commercial relationship and they no longer wish to offer services.   Whatever it is, it is rare for a bank to change its mind once it has issued the termination letter.  Rather than argue the toss, it's usually better to move on.  Although very few banks are opening accounts at the moment.   So, you may be able to appeal, via the complaints team, the timescale given to arrange alternative banking.