🧾 1. Register your trust first
You cannot open a trust account without a registered trust.
Register it with the
You’ll receive:
- Letters of Authority (very important)
- A stamped trust deed
- List of appointed trustees
🏦 2. Choose a bank
CLICK TO FOLLOW US ON TIKTOK
Most major banks offer trust accounts, such as:
👉 Tip: Business banking divisions usually handle trust accounts.
📄 3. Prepare required documents
Banks will ask for:
Trust documents:
- Trust Deed
- Letters of Authority
- Resolution to open the account (signed by trustees)
Trustee documents:
- Certified ID copies
- Proof of address
- Tax numbers (sometimes)
Other:
- Proof of address for the trust (if applicable)
✍️ 4. Pass a trustee resolution
All trustees must agree to open the account.
This document must state:
- The bank chosen
- Who will operate/sign on the account
🏢 5. Visit the bank (or apply online)
- Some banks allow online start, but you’ll likely need to go in
- All trustees (or authorised ones) may need to be present
🔐 6. Account setup & activation
Once approved:
- The account is opened in the trust’s name
- You’ll get account details, cards, and online banking access
⚠️ Important rules
- ✔️ Keep trust money separate from personal money
- ✔️ Use the account only for trust activities
- ✔️ All transactions should be properly recorded
