Trustee Banking
Whether you’re a trustee or a firm looking to open trust accounts on behalf of your clients, it’s important to find the right account with the right support. Our specialist team has the know-how to help you do just that.
The Trust Centre
We have a team of dedicated specialists in ‘The Trust Centre’. Each member has a deep knowledge of trustee banking, and is a phone call away for expert advice.
Straightforward banking
Our trust accounts offer free transactions, competitive interest rates and access to online banking.
Introducer proposition
We offer easy account opening and a bespoke service for firms looking to place trust accounts with us on their clients’ behalf.
Want to know more?
For all the details about our trust accounts, download our Important Information Summary.
Get in touch
If you’re an Introducer
If you’re an Introducer
And looking to open trust accounts on behalf of your clients, please send an email to trust.enquiries@metrobank.plc.uk.
If you’re an individual Trustee
If you’re an individual Trustee
And looking to open a trust account, please visit a Metro Bank store to apply. You can book an appointment in advance by contacting the store.
Please bring all the account trustees with you. Please also bring identification and your trust deed, along with any supporting documentation.
What do you need to apply?
What do you need to apply?
Metro Bank will charge a one off account opening fee of £150.
To get an active account we need a completed application form and a certified copy of the trust deed. If the trust requires registration with HMRC’s Trust Registration Service (TRS) you will also need to provide a Confirmation of Registration Document OR a valid reason for registration exemption. Finally, we need to verify the identity of key individuals related to the trust.
ID requirements
ID requirements
- We need to know who we’re providing trust banking services for – this may include settlors, trustees, beneficiaries and account signatories
- All trustees must complete an individual Identification form and verify their identity
- Known beneficiaries must be named on the application form, and may need to have their identity verified depending on the type of trust
- All account signatories must have their identities verified, too
Some things we think you might like
Banking with us
Tailored for larger firms
Get a Commercial Account designed for companies with an annual turnover of over £2m or complex requirements.
Deposits
Client Money deposits
Earn interest on any client or third party monies you need to hold.