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Where Taxpayers and Advisers Meet

Bank accounts suitable for a Discretionary Trust

Joined:Wed Dec 16, 2009 3:28 pm
Bank accounts suitable for a Discretionary Trust

Postby ajmace » Tue Nov 30, 2021 1:13 pm

I have been using HSBC. Now they decided to make charges for everyday banking.
I looked at Cater Allen but this has exceptions if any of the trustees is resident abroad (one of my trustees lives on Channel Is)

Does anyone please have other suggestions? I did hear Barclays might be a possibility.

Joined:Sun Feb 09, 2020 5:52 pm

Re: Bank accounts suitable for a Discretionary Trust

Postby Parky1 » Tue Nov 30, 2021 8:36 pm

Barclays do not allow non-uk residents as account holders. They may accept the UK resident trustees only as account holders.

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