Withdrawals from the Trustee Reserve Deposit Account are permitted up to twice per month per nominated account, please note a maximum amount of £10,000 per payment also applies.
To make a withdrawal, login to online banking, select the Trustee Reserve Deposit Account and choose the ‘Make a Withdrawal’ option. Enter the amount you wish to withdraw and then choose the date the payment should be made. Please note, we require a minimum balance of £15,000 to be maintained on the Trustee Reserve Deposit Account.
Should your withdrawal request be submitted and authorised by 5pm on a business day, the funds should reach your Nominated Bank Account on the same business day. Requests made after 5pm, or on a non-business day will be processed on the next business day.
Depending on the account mandate, if the withdrawal request requires another approval this needs to be done by 5pm to receive funds same day.