Professional Firms Client Account
For businesses that hold funds belonging to their clients
Many professional firms need the option to hold and manage clients' funds. To help businesses handle this money separately from their own affairs, Clydesdale Bank's Professional Firms Client Account allows instant access to funds and pays credit interest linked to the Bank of England base rate. For solicitors, accountants, insolvency practitioners and other businesses that hold funds belonging to their clients, this is the kind of account which can help manage the monies effectively. This account is also available for funds subject to an escrow agreement. Please note that escrow monies are subject to the account terms and conditions and also to the terms of the escrow agreement between the escrow parties.
Features of the account
- Instant access to funds without penalties (unless the escrow agreement provides otherwise)
- Statements issued monthly, or more frequently on request. Interest rates and charges can be found here. Speak to your relationship manager for more details
- Unlimited deposits and withdrawals subject to available funds
- Chequebook option (not available on escrow accounts)
Find out more
- To look at the options for business, contact your nearest branch or business & private banking centre
- If you are already a business banking customer, get in touch with your relationship manager for more details.
Business Account Checklist - What you’ll need to open an account
Participating providers of UK business bank accounts have agreed to a basic set of information that they will need from you to set up your UK business current account. Find out what you’ll need to provide using the simple Business Account Checklist from UK Finance, the UK’s leading trade association for financial services.
You can find impartial information and guidance on money matters on the “Money advice service” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.