Taking care of your client’s trust funds can be challenging. We’re here to help you take the burden off your shoulders with our Attorney Trust Account which makes managing your clients’ funds a breeze. The account allows you to hold funds, earn interest and transfer funds in and out of the account without any hassle.

 

Switch debit orders

 

Earn credit interest
Earn credit interest

You earn interest on funds held in your Attorney Trust Account.

Acts as a normal business account
Acts as a normal business account

Your Attorney Trust Account acts as a normal business account.

How to get  an Attorney Trust account & what you can expect

  Qualifying criteria

You must hold any one of the following active business transactional accounts:

What it costs
What it costs
Account features
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 

Need more help?

Let one of our consultants assist you.

If you need 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 Business Banking on:

0860 040 302