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 in the Business Banking Tariff . Also see below section “Charges” and speak to your relationship manager for more details.
• Unlimited deposits and withdrawals subject to available funds
• Chequebook option (not available on escrow accounts)