Banking for Trusts
Banking for Trusts
Trusts are finding it increasingly difficult to access banking services as mainstream banks decline or close their accounts, citing issues with cost and complexity. At Hampden & Co, we welcome and specialise in providing banking for Trusts. As a trustee, your nominated banker will work with you and your other professional advisers to provide services tailored to your needs and to help you navigate the Trust’s day-to-day banking requirements.
We offer
Accounts tailored to the individual needs of the Trust. The principal sum can be put on deposit to earn interest. Call (Instant Access), Notice and Term accounts available. Typically for deposits of £250,000 or more.
Keep the day-to-day management of the Trust’s finances simple.
Trustees can borrow money, if permitted by the Trust constitution. Loans typically secured against residential or commercial property.
Online banking and mobile apps complement the personal service from your banker. The ability to tailor access and payment authorisation will depend on the constitution of the Trust.
“We offer a highly personal form of banking and can tailor our services to suit the needs of Trusts.”
Benefits to Trusts of banking with Hampden & Co
Your banker and support team will tailor services to your requirements. They will help you to complete your application and will open your account quickly upon receipt of the Trust Deed and associated paperwork.
Where powers to sign on the account are delegated, we can accept Supplemental Deeds to tailor or amend the signing instructions on the Trust account.
Many Trusts have selected Hampden & Co for their banking needs. As an inherently conservative bank, we focus exclusively on your banking needs, we do not participate in speculative trading on the markets, and we are regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.
Availability and tailoring of services will depend on the constitution of the Trust and will be discussed with your banker.
We'd love to hear from you
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Hampden & Co plc is registered in Scotland with company registration number SC386922.
Our registered office is at 9 Charlotte Square, Edinburgh EH2 4DR.
All borrowing is subject to status and is available to persons of 18 or over. Security might be required for borrowing in the form of a charge or standard security over land, or other forms of security over your investments or other assets.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.