0845 0179 578

Do you need to open a
Trustee Bank Account?

We advise you on which type of bank accounts are suitable as per your Trust Deed and Rules.

We find out from you what type of banking facilities you need i.e. current account, savings account, investment account, online access and cheque book facility.

We research the banking market for and recommend the most suitable Trustee Bank Account(s) for you.

We help you complete all the application forms and ensure that the correct supporting documents are sent to the chosen bank

We guarantee to get you a Trustee Bank Account set up within 28 days*

All this for only £299.00

Click here for your first step to opening your Trustee Bank Account.

Trustee responsibilities – carrying out your duties

Trusts come in many shapes and sizes, and they all appoint Trustees who have a legal responsibility to act in the best interests of their beneficiaries. The role of Trustee is the most important role within a Trust and carries with it several responsibilities. This can often involve some form of banking and financial management covered in the Trustee Act 2000.

Simpson Financial Services can help you understand the powers you've been given

If you are a Trustee and have this responsibility, you will probably need to make sure that you have a Trustee Bank Account set up. You might also need to set up a Trustee Investment Accounts.

Trustees banking facilities

As there are a number of different banks offering a variety of Trustees banking facilities, part of the service Simpson Financial Services offer is to help advise you about how to choose the account most suited to the Trust's requirements. This means taking into consideration the plethora of different features, ranging from interest rate levels and services to the complications you may incur when setting them up or making account changes.

Professional, expert impartial financial advice is essential

For Trustees investments, the list might be endless. It depends what is and isn't permitted as per the Trust Deed, which makes obtaining professional and impartial financial advice essential.

Simpson Financial Services have had many years advising and helping Trustees with their responsibilities, ranging from investing to banking and financial management. If you are a Trustee and need our help or guidance, please contact us in confidence by filling in the form, or telephone 0845 0179 578 or email office@simpsonfs.co.uk.

Trustee Investments | Trustee Bank Accounts

Trustee Bank Accounts

If you are being appointed a Trustee of a newly appointed Trust, you may need to set up a Trustee Bank Account.

Using your powers of investment

Expert financial advice from Simpson Financial Services

We always recommend that you obtain expert, professional financial advice before using your powers of investment, especially if the Trust fund is large.

Need help with carrying out your responsibilities?

To discuss how we could help you carry out your responsibilities, please telephone 0845 0179 578 or email office@simpsonfs.co.uk.


For more information please download our brochure.

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