General Client Account
An internet operated deposit account with a preferential rate of interest, specifically designed for solicitors who manage client funds.
Our General Client Account is a deposit account paying a higher rate of interest, which gives firms instant online access to their client funds, with the added benefit of interest being paid on a monthly basis.
KEY FEATURES
- For solicitors who manage client funds
- Account operated via the internet only
- Invest funds via electronic transfer
- Online withdrawals only
- Interest paid gross, on a monthly basis
OPENING AND MANAGING YOUR ACCOUNT
- To open an account, you need to complete an application form. Please contact Dan Goulding on 01633 844 424 or 07977 492061 for further information on how to open an account.
- When you apply to open an account with us, you will need to provide identification of both name and permanent address for all of the signatories authorised to operate the account, and an electronic check of each signatory's identity will also be undertaken. This is required by law to verify the true identity of all new and existing customers.
- Also, we require some form of correspondence on your firm’s official letterhead.
- Please refer to our identification list for further information.
MAKING A DEPOSIT
- Our General Terms and Conditions for Savings Accounts contains important information which you should read before investing or withdrawing funds.
- Funds can only be added by electronic transfer from your bank account.
MAKING A WITHDRAWAL
- Withdrawals can only be made via electronic transfer to a nominated bank account.
- Withdrawal requests received by 2:00pm on each working day are processed the same day.
- Withdrawal requests made after 2:00pm are processed the following working day.
PAYMENT OF INTEREST
- Interest is paid monthly, at the end of each month and must be transferred to a bank account in the Account holders name, or a Monmouthshire Building Society Corporate Instant Account.
- The interest rate is dependent on your account balance, and arranged on a case by case basis.
- Please contact Dan Goulding on 01633 844 424 or 07977 492061 for further information
PAYING TAX ON YOUR INTEREST
- Interest is paid gross, without any deduction of tax.
- For details of the current interest rates, please click here.
It is important that you read the General Terms and Conditions for Savings Accounts, General Client Account Terms and Conditions and our 'My Accounts' Terms and Conditions before deciding to open an account.
>> General Client Account Terms and Conditions
>> General Terms and Conditions for Savings Accounts
>> 'My Accounts' Terms and Conditions
