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.

The Reserve Account permits up to 30 day-to-day debit transactions* per calendar month without incurring a transaction fee, including transactions on a Access Capitol Bank VISA Deferred-Debit Card5 linked to the account. Thereafter a charge of £0.75 per debit transaction is applicable.

Please see the Reserve Account for Trusts Factsheet 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; cash machine withdrawals; cash withdrawals over-the-counter; Visa Deferred-Debit Card purchases including recurring transactions; 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 +1 (202) 858-7485 . Calls may be recorded or monitored.

Checklist

All clients must:

  • Read and print or save all the below documents this must include the Depositor Protection - Information Sheet and Exclusions List
  • Visit the interest rates page relevant to the Account
  • View the banking tariff
  • Complete, print and sign the application form
  • Post the form to us along with all necessary ID

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 Access Capitol Bank 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 +1 (202) 858-7485 or contact your relationship manager. Calls may be recorded or monitored.