Professional Firms Client Account
Professional Firms can enjoy high returns with instant access on deposit funds
Straightforward money management is key to our business banking accounts and essential to your business. Yorkshire Bank’s Professional Firms Clients Account is available to solicitors, accountants, insurance brokers and other businesses that hold funds belonging to their clients. This interest bearing current account is also available for funds subject to an Escrow agreement.
- Competitive credit interest linked to base rate
- Personal attention from your dedicated Relationship Partner
- Also available to individual Chartered Accountants in their capacity as Liquidators or Trustees in Bankruptcy
To find out more, contact your Relationship Partner, arrange a visit to your local Financial Solutions Centre or call 08457 034 567.
More Benefits
- Access – accounts are viewable through TeleBank® Business
- Competitive – instant access to funds without penalties (not applicable to Escrow accounts)
Further Features
- Unlimited deposits and withdrawals subject to available funds
- Choice of statements issued monthly, or more frequently on request for which there may be a charge. Standard charges can be found in the interest rates and charges section. Speak to your Relationship Partner for more details
- Chequebook option (not applicable to Escrow accounts)
- Interest is paid gross or net according to TDSI (Tax Deduction Scheme for Interest) status
Complementary Solutions
Important Information
- Credit/Debit Interest
- Credit Interest paid gross subject to eligibility (or net according to Tax Deduction Scheme for Interest [TDSI] status)
- Calculated daily and applied quarterly at the end of March, June, September and December
- Standard interest rates can be found in the interest rates and charges section. Speak to your Relationship Partner for more details
- Credit Balance
- Maximum – unlimited
- Minimum - £500 minimum deposit required to open account. No minimum balance thereafter
- Withdrawals
- Instant access to available funds without penalty (not applicable to Escrow accounts)
- Standing Orders and Direct Debits
- Not permitted on this type of account unless in exceptional circumstances, for example, Liquidators Account
- What it costs
- Designated clients funds – exempt from charges
- Standard charges can be found in the interest rates and charges section. Speak to your Relationship Partner for more details
- General clients monies – activity based service charges apply
- Terms and conditions
- Full terms and conditions are available on request
TeleBank® is a registered trademark of Yorkshire Bank PLC.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.