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Commercial Banking > Business Accounts > Business Trust Account > Trusteed Deposit Service

Trusteed Deposit Service

You are on: Features & Benefits

If your firm manages many low-activity trust accounts, the Trusteed Deposit Service is right for you. You may use it to help you efficiently maintain, monitor, report and audit individual trust deposits.

You want to safeguard your clients’ (beneficiaries) assets and monies held in trust and are looking for an easy process to open and close individual trust accounts. The Trusteed Deposit Service has many benefits, such as:

  • Competitive interest rates on accounts
  • Easy to use, comprehensive operating instructions for administration
  • Streamlined, efficient reporting, for easy reconciliation and auditing of individual beneficiaries trust deposits
  • Secure knowledge that funds within individual trust accounts are insured by CDIC
  • Mitigate risks associated with managing monies held in trust
 

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Our dedicated specialists will work with you to provide the financial advice and solutions to help your business grow.

 

You are on: Interest Rates