Maintain, Control and Manage Funds That Are Entrusted to You

Business Trust Account

Effectively manage risk and monitor funds when you need to hold money on behalf of your clients.

Monthly Fee: Based on your operating account

Minimum Balance: None

Locate a Branch Near You

Find a Branch

Call our 24/7 Business Helpline

1-800-769-2520

This Account May Be Right for Your Business If:

  • You need to hold money on behalf of your clients to satisfy legal or business requirements

  • You need to segregate funds of multiple beneficiaries

  • You want the money entrusted to you to earn interest

Account Details

Competitive Interest Rates

Get access to competitive market rates on the funds held on behalf of your clients.

Easy to Use and Understand

Comprehensive instructions to help you administer your account(s). You’ll have access to all the tools and tips available to help you manage your account successfully.

Reconciliation and Auditing Made Easier

Take advantage of a streamlined, and efficient reporting service, making record keeping and reconciliation much easier and faster.

Additional Details

  • Multiple Accounts Under One Umbrella: Manage a large number of sub-accounts under one control account.

  • CDIC Insured: All funds in individual sub-accounts are insured by CDIC.

  • Trusteed Deposit Service: Efficiently maintain, monitor, report and audit individual trust accounts.

Trusteed Deposit Service

  • 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

Fee Details

Monthly Fee: Based on your operating account

Each subsidiary account is insured with Canada Deposit Insurance Corporation (CDIC) coverage of up to $100,000.

Ready to Apply?

Locate a Branch Near You
Find a Branch
Call our 24/7 Business Helpline
1-800-769-2520

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