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Trustee account from Cater Allen

Cater Allen is launching a bank account tailored specifically for the needs of trustees.

The firm, which specialises in providing banking services for professional advisers, says the Trustee Bank Account will be free for up to 20 transactions per month, have penalty free access and monthly statements.

There will be 3.56 per cent interest on credit balances. The account will offer pre-allocated account numbers and regular reports for all the accounts under the trustee’s control.

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