Finding your way around the Trust world is a little like playing a strategy game, or solving a puzzle: if you know the rules, have plenty of experience, and enjoy doing it, you can be confident that you’ll end up with a great outcome. If you don’t know the rules, have never played before, and are just doing it because you have to, then your outcome will, understandably, be less desirable. Most Trustees are the second type, and our ability to help them is a reflection of the fact that we’re the first.

Our four-step client journey is really simple:

  • 01: Phone consultation

    We’ll get to know you, understand your situation and generally build up a picture of what it is you are trying to do.

  • 02: Transfer of documents

    We’ll supply you with all the relevant documentation to get the ball rolling via email.

  • 03: The advisory process

    Having thoroughly researched your needs and surveyed the market, we will put together a plan of action just for you.

  • 04: Application

    Giving us the go-ahead to set up your Trustee Bank Account is as simple as providing us with a signature, by email or in person.

What kind of advice can you expect?

Every Trust has a Trust Deed and Rules, which lays out its fundamental features. We can study this documentation and use it to advise you on which type of bank account is suitable for the Trust in question.

  • Then, we look at all of your banking needs and build a model of what your ideal Trust account would look like. At this stage, we’re looking to answer questions like “would a savings account or a current account be more suitable for this Trust?” or “does the client need online access to their Trustee Bank Account?” Once we have a clear idea of what your Trustee Bank Account should look like, we research the banking market for you, and liaise with a number of potential providers to find out which products on offer are best suited to your requirements.
  • Lastly, we help you to complete the applications process, making sure that you fully understand your new account, have filled out all the forms correctly, and that all the correct supporting documents have been sent to the chosen bank. We’re very proud of our advisory process, and feel that it represents a high service quality standard that’s hard to beat. Best of all, our prices start at just £299, and we guarantee that your Trustee Bank Account will be set up within 28 days (subject to passing the normal credit checks).

Transparent pricing, available upfront

We don't earn any commission for setting up Trustee Bank Accounts but we do charge you a fee based on the complexity of your Trust. Here is our menu of fees:

  • 1-4 Individuals named within the Trust - £299.00
  • 5-8 Individuals named within the Trust - £599.00
  • 9+ Individuals named within the Trust - Please contact us with details for an accurate quote
  • Corporate Trust - from £799.00

Get in touch

At Simpson Financial Services, we put customer service front and center. If you have a question about our services, or are considering becoming a client, please feel free to make an enquiry using the form below:

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