For businesses that administer and hold client funds.
Secures statutory regulations
Easy to distinguish between client funds and own funds
What is a client account?
A client account is suitable for lawyers, estate agents, fund managers, debt collection agencies and other businesses that are subject to special regulations about holding and managing client funds. This applies to those who, under statutory regulations, are obliged to keep their own funds and client funds separate.
Two types of client accounts can be opened
- Pooled account: one account for multiple clients
- Separate client account: one account per client
A pooled account is opened in the client manager’s name. For separate client accounts, the client’s national identity number or organisation number must also be registered.
Client account FAQ
Perfect for all types of incoming and outgoing payments
Tax withholding account
Set aside a separate account for withholding tax
Corporate savings account
Higher fixed-income security than regular account
Fixed rate deposits
Fixed-income security on the deposit over an agreed period
Security deposit account
Security when renting or letting a home
An account for settlement and transactions in the established currency
For administration of clients’ funds
Better use of the group’s overall liquidity
Liquidity control system
Better management and control with effective solutions