Reserve Account for Trusts

A Trust Account with Instant Access

We understand that your client's trust needs drive their banking requirements. Our versatile Reserve Account for Trusts is a current account that offers instant access to trust funds and is ideal for trust clients that have set aside funds to meet future obligations.

This Account can be opened with a minimum deposit of £5,000 and permits up to 30 day-to-day transactions* per calendar month, without incurring a transaction fee. No interest is paid on balances under £100,000.

Please see the Reserve Account for Trusts Fact Sheet and Non-Personal Terms and Conditions for more information.

Interest rates are variable; please see current available interest rates.

*Day to day transactions on this account are: cheque withdrawals; Standing Orders, Direct Debits; bill payments and electronic payments.

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. Calls may be recorded or monitored.

Checklist

All clients must:

Each application will usually be processed within 5 days of us receiving it as long as the application is completed correctly and accompanied by all required documents.

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. Calls may be recorded or monitored.

Literature and Downloads

We have created a handy document collation tool, which will allow you to gather all relevant account information into one single downloadable pack. This application pack can then be emailed directly to you or your client, by completing the simple online send form.