Manage your clients' funds easily with our Attorney Trust Account. This account allows you to hold funds, earn interest and transfer funds without any hassle.

Earn credit interest

Preferential credit interest rate is paid on credit balances.

 

Acts as a normal business account

Your Attorney Trust Account acts as a normal business account.

 

We make business banking easy

  • Let’s switch your debit orders

    Whether you’re an existing customer or new Absa business customer, you can switch your debit orders.

    Learn more

  • Account features

    • No overdrafts allowed.
    • Preferential  credit interest rate is paid on credit balances.
    • Interest is calculated daily and paid on the last day.
    • You have the option to turn your account into an Attorney Management System where you can automatically transfer net interest to the Law Society on a monthly basis.
    • Can be an additional account for attorneys to hold funds on behalf of their customers.
    • You need to have an active business banking account to open an Attorney Trust Account.
    • The Attorney Trust Account is linked to the business current account to allow funds transfers in and out of the trust account.
    • The account is opened on behalf of the attorney’s clients.
    • Credit interest less agreed fees on the attorney’s accounts is payable to the Fidelity Fund through the regional Law Societies.
    • You have the option to draw a tax certificate.

    *Download our business client agreement

Need more help?

Let one of our consultants assist you.

For more information on opening a business account online, call us on:

0861 000 734

If you’re a new customer or you don’t bank with us, call us on:

0860 040 302