This account is targeted at individuals, businesses or organizations which hold funds "in trust" for clients during their normal course of business (ie. lawyers and real estate agents who pay interest to their clients on funds held in trust) and provides a consolidated position and separate participant contributions and interest earnings.

What a Client Trust Account Offers You

• separate monitoring of daily balance for each trust deposit
• periodic statements show each participant's trust deposit contributions
• automatic tax receipts are issued for each participant
• interest is calculated on the daily closing balance and credits individual participants' account on statement close-off date

The Benefits of a Client Trust Account

• allows interest to be earned on funds while "in trust"
• simplifies accounting for "in trust" deposits

For more information, contact a Relationship Manager at the Commercial Banking Centre nearest you.