Reserve Account for Trusts
Multi-Currency Trust Account with Instant Access
We understand that your client's trust needs drive their banking requirements. Our versatile Reserve Account for Trusts offers instant access to trust funds and is ideal for trust clients that have set aside funds to meet future obligations.
What's more, the Reserve Account for Trusts is a multi-currency account available in sterling, US dollar and/or euro; ideal for trusts that make payments in these currencies, allowing them to move money between Reserve Accounts without incurring any currency conversion charges, as long as the accounts are linked to each other under the same trust name. See today's foreign exchange rates for transfers between accounts.
This Account permits up to 30 day-to-day transactions per statement month, without incurring a transaction charge. The minimum opening deposit is £5,000 (or the US dollar or euro equivalent) per account.
Please see the Reserve Account for Trusts Factsheet and Non-Personal Terms and Conditions for more information.
Interest rates are variable, please see current available interest rates.
How to apply
It is extremely important that clients fully understand the account, the interest rates and the relevant Terms and Conditions before submitting the application.
If you are not a professional adviser and are looking to apply for an account for a business, trust, charity, pension scheme, wrap, society, club, association or a church body/place of worship, then please call us on 0800 092 3300.
All clients must:
- Read and print or save all the below documents
- Visit the interest rates page relevant to the Account
- Complete, print and sign the application form
- Post the form to us along with all necessary ID
Each application will usually be processed within 10 days of us receiving it.
Please note, application forms posted to Cater Allen which are incorrect or incomplete will be automatically returned. If you need assistance when completing a form we are happy to help; please call us on 0800 092 3300 or contact your relationship manager.