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Incident ID: c91f5140-bumj-4766-9b71-7d4214104300
What the Business Overdraft offers
What you can do
Costs
Legal
The funds contained in this account are not owned by the principal client as they are only controlled by virtue of a fiduciary relationship. It is used by the client to hold funds on third parties' behalf.
No cards or overdrafts are available for these accounts to protect the integrity of audit trails and control of the trust funds.
Trust accounts benefit from a lower negotiated rate.
General Trust Account
For clients whose profession requires them to hold funds on behalf of a third party, e.g. sheriffs of the court; accountants; debt collectors and estate agents/managing agents
How it works
FNB's Trust account serves as a secure repository for third-party funds, ensuring they're managed responsibly. Without cards or overdrafts, it prevents unauthorised access or spending. The account is also interest bearing.
What's hot
An account that offers you features to suit your business.
All transactions are reflected on the bank statements for ease of reconciliation.
There is a clear audit trail of all credit interest, transaction costs and VAT to assist clients when they are required to account for them.
The fee structure on the trust account is catered to the holding of trust money.
All transactions are reflected on the bank statements for ease of reconciliation.
There is a clear audit trail of all credit interest, transaction costs and VAT to assist clients when they are required to account for them.
The fee structure on the trust account is catered to the holding of trust money.
All transactions are reflected on the bank statements for ease of reconciliation.