Trustee Bank Account

Trusts Discussion
1

I am trying to open a bank account for lay trustees but most banks have stopped offering them or if they do, they require an initial deposit of at least £500k.

Does anyone know if any banks that will open a trustee bank account?

Regards

Barry McDonough
Hill Dickinson LLP

2

Try Handelsbanken, Cater Allen or Yorkshire Bank.

If the trust has a stockbroker portfolio I would however ask them if they could handle the cash. That would be much more cost effective than going through the rigmarole of opening and administering a bank account.

Sara

for Sara Spencer Ltd

07952
651881

sara.spencer@trustandestate.co.uk

www.trustandestate.co.uk

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3

Try looking at the Sympathetic Bank feed. There are lots of suggestions and contact details which you can try. Many suggest Metro Bank.

Lucy Orrow
Lambert Chapman LLP

4

Metro Bank will – speak to Dan Bell - 07507 431 600 or daniel.bell2@metrobank.plc.uk

Paul Storrie
Storrie & Company

5

This may help: Trustee Bank Accounts from the high street?

Hauke Harrack
Hewitsons

6

Barclays offer a Trustee account.

Geoff Parker

7

Hampden & Co do online bank accounts for trustees

Stephen Buckland - 020 3841 7498

Cindy Chaplin
Larking Gowen

8

We have found that Barclays seem to be reasonably helpful

Anthony Tahourdin
Herrington Carmichael LLP

9

I started a thread on this topic late last yer and have found Cater Allen to be the most helpful

Ian Wells
Emery Little

10

Cater Allen (part of Santander) specialise in these. Try Jenny Clayton
Relationship Director
Cater Allen Private Bank
+44 (0)7894 808 570 email: jennifer.clayton@santander.co.uk

Caroline Bates
Davidson Mahon

11

Barclays are our “go to” high street bank for trustee accounts at the moment and they are pretty helpful. I think HSBC do them too but I have no experience dealing with them.

Emma Davies
Masefield Solicitors LLP

12

I have recently opened a Trustee Account with Metro Bank - they were extremely helpful and it only took about 2 weeks to sort out. We have approached Handelsbanken on a couple of occasions but they have refused each time.

Vicki Chant
Lester Aldridge LLP