Trust Management
The National Bank Trust Management service offers a specialist trust management service for customers who hold funds on behalf of their clients. Our service enables customers (Trust Managers) to manage their own pool of clients through a National Bank trust account. Client funds may be deposited in National Bank call accounts or term deposits.
The Trust Management service meets the legal requirements for professional bodies whose members hold funds in trust for clients.
What Our Trust Management Service Offers
The Trust Management service will:
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Maintain funds separately in separately identified accounts and term deposits
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Calculate and pay interest for each individual trust client
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Calculate and charge (as instructed by the Trust Manager) relevant taxes and charges
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Transfer funds back to the Trust Manager’s trust account, upon instruction
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Report tax
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Complete most reporting and audit requirements for the Trust Manager
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Restrict access to Trust Management information and financial transactions, and ensure maintenance is conducted by authorised staff only.
How You Benefit from the Trust Management Service
Managing funds on behalf of numerous clients is demanding and time consuming. Using the Trust Management Service for these responsibilities streamlines and simplifies the process for you, as the Trust Manager. You also benefit from:
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Cost and time efficiencies achieved from the centralised management of numerous accounts
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The convenience and certainty of professional funds administration
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Access to tailored interest rates to align with your specific trust management requirements
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Online access and electronic processing, available from your PC through our DirectLink PC banking service*.
For More Information
Contact us to learn more about how we can help you.