Banking for Trusts

Trust deposit and lending services

We understand that every trust is unique, and as such will have a unique set of banking requirements. We work with our clients, and their professional advisers, to ensure that the arrangement and day-to-day management of trust accounts is straightforward. We provide banking both for commonly used trust structures such as Will Trusts, Bare Trusts and Discretionary Trusts, as well as more specialist trust types such as Personal Injury and Medical Negligence Trusts.

All our clients have a named Private Banker to help them with their banking needs, for trusts this typically includes:

  • Working closely with clients to understand the goals and objectives of the trust
  • Using this understanding to take the effort out of account set up
  • Setting up one or more deposit accounts across a range of different term and notice arrangements
  • Arranging borrowing that the trust may require
  • Setting the trust account up in our digital banking service, so that (typically) an accountant can arrange a payment, and this is then passed on to the trustee(s) for authorisation

Stephen Buckland, Banking Director at Hampden & Co, has worked with many clients who needed banking arrangements for their trusts, he comments "It has been great to be able to help clients with their trusts, and I have been pleased that these clients found the process far simpler than they were expecting. Trusts are typically used by clients in circumstances that are very important to both them and their family, so taking the time to understand these circumstances helps ensure we create arrangements that reflect those unique needs".

If you would like to discuss any needs you may have for a trust, then please do get in touch, and we can see how we can best help you.

All borrowing is subject to status and is available to persons of 18 or over. Security might be required for borrowing in the form of a charge or standard security over land, or other forms of security over your investments or other assets. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

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