Professional Firms Client Account
High returns with instant access on deposit funds for Professional Firms
Straightforward money management is essential to your business and key to our business bank accounts. Yorkshire Bank’s Professional Firms Clients Account is available to solicitors, accountants, insurance brokers and other businesses that hold funds belonging to clients. This interest bearing current account is also available for funds subject to an Escrow agreement.
- Competitive credit interest linked to base rate
- Also available to individual Chartered Accountants in their capacity as Liquidators or Trustees in Bankruptcy
To find out more:
- Call into your nearest branch (opens in a new window) or call 0845 606 4477
- If you’re an existing Business customer, contact your Business Manager
- Existing Business Direct customers, call 0845 606 4477
More Benefits
- Competitive – instant access to funds without penalties (not applicable to Escrow accounts)
- Access – accounts are viewable through TeleBank® Business
Further Features
- Unlimited deposits and withdrawals subject to available funds
- Chequebook option (not applicable to Escrow accounts)
- Statements issued quarterly, 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 Business Manager or Business Advisor for more details
- Interest is paid gross or net according to TDSI (Tax Deduction Scheme for Interest) status
Complementary Solutions
Important Information
- Credit/Debit Interest
- Standard interest rates can be found in the interest rates and charges section. Speak to your Business Manager or Business Advisor for more details
- 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
- Credit Balance
- Minimum - £500 minimum deposit required to open account. No minimum balance thereafter
- Maximum – unlimited
- 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
- General clients monies – activity based service charges apply
- Standard charges can be found in the interest rates and charges section. Speak to your Business Manager or Business Advisor for more details
- Terms and conditions
- Full terms and conditions are available on request
TeleBank® is a registered trademark of Clydesdale 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.