Trust Bank Accounts for the clients you advise

Open and manage UTB trust accounts on behalf of the trusts you act for. With a dedicated Trust team, no opening or maintenance fees for your client, and one portal to submit every application.

Register your firm Already registered? Log in
Advisers discussing trust accounts
Trustpilot

Why refer your clients to UTB?

1

A specialist Trust team

UK based support to guide you through each client application from start to finish.

2

No fees and online account opening

No account opening or maintenance fees and an online account opening form.

3

One portal for all applications

Register once and then submit applications for all your clients from a single login.

Trust types we accept

Bare Discretionary Will Interest in possession Life interest Vulnerable beneficiary Intestacy Personal injury

How it works

Registering your firm is a one-off, quick process. Applications are completed in the portal.

Step 1

Register your firm

This takes a couple of minutes; you don't need any client information at this stage. Once the form is completed a member of the Trust team will be in touch to set up your portal access.

  • One registration for everyone at your firm who will need to complete trust applications on behalf of clients.
  • If you are a Trustee Company, we will carry out due diligence on the company and its key individuals when you submit your first trust application.

This registration form is for firms who would like to complete trust applications on behalf of their clients. If you would like to simply refer clients to our Trust team, we'd be happy to discuss this with you, so please contact the Trust team.

If you are a Trustee looking to complete an application on behalf of your trust, please visit our Trust webpage.

Need some help? Get in touch here

Register for an account

Step 2

What you'll need to complete an application on behalf of your client

Is the Trust eligible for registration with HMRC?
Some trusts need to be registered with HMRC's Trust Registration Service (TRS) and as part of our application we do require the proof of registration document. If they are exempt from registration, please supply us with a certified copy of the trust deed or will.
The HMRC guidance on the types of trusts that require registration can be found here.

Eligibility

  • UK Trusts only
  • Trust already established, or being established from a will or insurance policy
  • Trustees must be over 18
  • Non-UK parties to the Trust? Contact us first

Details we'll ask for

  • Trust name, address, date of establishment, source of funds and TRS registration number
  • For every settlor, trustee and beneficiary: full name, date of birth, nationality, home address, mobile number, email address and National Insurance Number (if applicable)
  • Nominated account details (if available)

Documents to upload

  • Trust Deed or Will (certified if there is no TRS registration)
  • Proof of HMRC TRS Registration; guidance on how to download it can be found here
  • Copy of birth certificate or passport for any minor beneficiaries
  • If the Settlor is deceased, a copy of their grant of probate and death certificate
  • If any parties to the Trust are resident in a care home, please also provide:
    • An invoice or letter confirming they are a resident, dated within the last 3 months
    • An HMRC or DWP letter dated within the last 12 months

Frequently asked questions

The individual completing the application is signing it on behalf of the Trustees that are listed on the application.
This isn't a problem. If the trust hasn't yet been registered with HMRC, please upload a certified copy of the trust deed or will document plus any deeds of amendment. You can provide us with the TRS proof of registration in the future once the trust has been registered.
We do not charge any account opening or ongoing maintenance fees. We do ask for a minimum balance of £15,000 to be held on the Trustee Reserve Account; once that minimum is met, additional Trust Savings accounts can be opened.
We accept applications from bare, discretionary, life interest, interest in possession, vulnerable beneficiary, intestacy, personal injury and trusts created from a will or life insurance policy.
The firm registration form only takes a couple of minutes. Once completed, a member of our Trust team will be in touch to complete the process.

Timescales for opening the account depend on whether we receive all of the required documentation with the application. If we do, and all parties complete their electronic verification checks, accounts are open within a few working days. If we require further information, we will be in touch with the contact listed on the application.