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What is the name of a seperate client bank account called for money held in their name? |
What is the name of a seperate client bank account called for money held in their name? It can be several different names depending on what it is for. 1. Trustee account. 2. Reserve account. 3. Personal client account 4. Trust fund account Try going to www.bankofamerica.com or www.chasemanhattan.com They have all the information you need on the type's of account. Take care, Kali :-) Trustee account ? In UK law firms, it is just referred to as the Client Account client account Do you mean like a solicitor holding money when you are buying a house, and you give over a deposit which the solicitor transfers to the vendor? If so, its simply called Client Account. |
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