The Trustee Reserve Deposit Account is an account we offer to trusts to help with the day to day running of the trust, it provides trustees with flexibility to access funds when they need to.
Each Trustee or Beneficiary can withdraw funds up to twice per month, each payment can be for a maximum value of £10,000 and will be sent directly to their nominated bank account. Please see our Terms and Conditions for further information on payments here.
To open any fixed term or notice accounts available to trusts the trust must have opened a Trustee Reserve Deposit Account and maintain a minimum balance of £15,000. Further information can be seen here in our Product Guide.