Frequently asked questions

What Trust accounts does Cater Allen have available?

We have both current and savings accounts available for Trusts. Visit the dedicated trusts page for more information.

Am I eligible to apply?

Account holders must be aged 18 or older. Minors who are beneficiaries only are also permitted. All parties must reside in the UK permanently.

Can I apply directly for a Trust account with Cater Allen?

Yes - applications may be submitted directly or via a Cater Allen registered intermediary. If applying via an Intermediary, please include their details on your application form where requested.

Are there any fees, or minimum account balance?

There are currently no account opening fees, however there may be fees for certain services – please refer to our Banking Tariff for full information. There is currently no minimum account balance required.

How do I apply for a Trust account?

The Trustees should complete the Trust Accounts Application Form and Mandate in full including Trust details and source of funds and ongoing credits to the account. This will require information about:

  • Trustees & Settlors named within the Trust Deed or Will
  • Beneficiaries named within the Trust Deed or Will
  • Account Signatories (usually the Trustees)
  • Corporate Trustees

In addition to the Application Form, you also need to send two forms of certified ID for all Trusteess, and additional documentation in accordance with the 'Customer Identification Requirements' guidance (e.g. a Certified Copy of Trust Deed).

When sending us your Will or Trust Deed, please send us any following deeds of appointment/retirement of Trustees and any other supplementary documents which change the terms of the Trust or the beneficiaries.

How do I send my application to Cater Allen?

Please send your application and supporting documents to Cater Allen Private Bank, 9 Nelson Street, Bradford, BD1 5AN. Please do not send original documents, due to the dangers of postal interception.

Can I choose to have more than one signatory/Trustee?

As a general rule, all Trustees need to be signatories. If you are satisfied that fewer Trustees are required to authorise any single transaction, in accordance with your Trust rules, then this can be reflected in the Declaration and Mandate section of the application form.

Please ensure that section 8 (Authorised Signatories and Acceptance) corresponds with the information given in section 7 (Declaration and Mandate). The total number of signatures in section 8 must correspond with the total number of Authorised Signatories input in section 7. The application form must be signed by all Trustees.

What do I do if I have/am a Corporate Trustee?

Please include the Corporate Trustee details within the 'Corporate Trustee' section of the application form. New Corporate Trustees to Cater Allen will be required to complete an additional registration form which will be issued upon receipt of your application.

Solutions for Trusts

Banking solutions for Trustees who may have combined responsibility to seek interest on monies whilst still allowing access when needed. Our solutions for Trusts may provide this balance, from current accounts to savings deposits.

View Accounts