Designated Clients' Account
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Understanding your profit and loss account and balance sheet
You are in business to make money. To do so, you need to understand where the money is coming from and where it is going.
This account enables you to hold your clients' individual funds in separate accounts. It's suitable for any professional practice or other businesses that hold clients' money, for example: solicitors, accountants, insurance brokers, estate and managing agents.
Credit interest calculated daily
Separate account for each client
Drop in to your local branch to complete an application form or call 0845 072 5555 (open 8am to 8pm Monday to Friday and 9am to 1pm Saturday) to make an appointment.
Features & Benefits of a Designated Clients' account
- Instant access.
- Regular statements.
- £1 minimum, £5 million maximum. No minimum or maximum withdrawal limit as long as you have cleared funds available.
- Interest is calculated daily, paid monthly and can be paid gross or net according to each client's tax status.
- There are normally no transaction charges.
View the Designated Clients' Account rates.
View the Designated Clients' Call Account terms and conditions.
How do I apply for a Designated Clients' account?
At your local branch
Drop in to your local branch to complete an application form.
Call 0845 072 5555 (open 8am to 8pm Monday to Friday and 9am to 1pm Saturday) to make an appointment.