Best bank for a Trustee account

NOWSE

Following the death of my uncle, my brother and I are joint trustees for funds that benefit our disabled cousin. The trust is registered with HMRC and we now need a bank account.

I'm working on the assumption that it needs to be a designated Trust account, rather than a straightforward joint account. We both bank with HSBC but they don't open Trust accounts anymore, as it seems is the case with most of the other banks.

I'm therefore looking for recommendations for a place to open such an account, an account that will have minimal transactions through it.

MyRealNameToo

What sort of trust is it?

Metro bank is generally ok for trust accounts last time I looked https://www.metrobankonline.co.uk/business/sector-services/products/trustee-banking/

Building Societies traditionally were more open to personal trust accounts

HSBC does do trust accounts, but in their Private Client section

xylophone

https://trustsdiscussionforum.co.uk/t/list-of-organisations-that-offer-accounts-for-trusts/26152/12

Keep_pedalling

How much are we talking about being held in trust? Holding a large amount in cash earning little interest is not in the best interests of the beneficiary.

Poppy21

this is something we’re also looking into with the same scenario.
a bank or building society trust account with no minimum deposit with rent being paid in and expenses able to be paid out.

Quite a few banks require a hefty deposit