• Client accounts


    If your business is entrusted with third party deposits, you’ll be looking for banking support that’s secure, flexible and reliable – and that maximises efficiencies for your firm too.

    That’s why we offer an approach to client banking that reduces the administrative burden by working alongside our clients to assist with their regulatory obligations and delivers simple, transparent and effective solutions.

    Our support is designed to meet the needs of customers who need to manage large numbers of client accounts, including:

    • solicitors
    • property managers
    • stockbrokers
    • IFAs
    • pension administrators
    • life assurance companies
    • debt managers
    • trust administrators
    • accountants
    • friendly societies
    • investment managers
    • fund managers.

    One of the major characteristics of all of the above professions is the unique relationship of trust you enjoy with your clients, especially when entrusted with third party funds. As someone providing a dedicated service to your clients, you’ll need banking support that’s just as dependable.

    With over 200,000 accounts under management, our teams offer significant levels of experience and expertise. Working closely with our customers across the UK, we’ve worked hard to make sure our client banking services fully support the smooth running of firms like yours, with smart ways to handle large volumes of client accounts.

    Bank of Scotland accounts to meet your needs

    Corporate Client Account

    This account is designed to meet the needs of professionals who manage client accounts, providing a streamlined and professional service to enhance your own client offering. Benefits include:

    • dedicated relationship managers
    • intelligent online technology
    • real-time cash management facilities
    • the flexibility to set up and manage as many client accounts as you wish
    • a full suite of reports for efficient account management
    • the ability to maximise interest earnings
    • 24-hour access to funds
    • multi-currency options.

    Pension Fund Account

    Our Pension Fund Account allows you to earn commission while your clients receive competitive interest rates. Amongst the many benefits of the account are:

    • immediate access to funds with no penalty
    • interest paid monthly
    • full range of payment options available, from Standing Orders and Direct Debits to CHAPS and Bacs
    • streamlined documentation for easy administration and management of your client’s pension fund bank account
    • free standard account transactions
    • free duplicate statements and cheque book
    • available to all professionals managing HMRC-approved pension schemes, including SSAS, SIPPS and Group Schemes
    • commission payable to regulated introducers and pension professionals.

    Insolvency Account

    Aimed specifically at insolvency practitioners and backed by a dedicated client banking relationship team with in depth experience of the sector, our Insolvency Account offers:

    • immediate access to funds with no penalty
    • interest paid monthly
    • full range of payment options available, from standing orders and Direct Debits to CHAPS and Bacs
    • streamlined documentation for easy administration and management of your client accounts
    • free standard account transactions
    • free duplicate statements.

    Client money channels

    Visit our client money channels page to view online solutions for client accounts.

    *Subject to terms and conditions and regulatory requirements being met.

    All applications for our products and services are subject to eligibility criteria.

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    For more information, contact your local relationship director or use our online directory.

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Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.